EconPapers    
Economics at your fingertips  
 

Dysfonctionnement bancaire, bulle du crédit et instabilité macroéconomique dans une économie monétaire dynamique et complexe

Pascal Seppecher ()

Revue économique, 2010, vol. 61, issue 3, 441-449

Abstract: We present a model of a complex, dynamic economy wherein money creation and destruction result from interactions between many heterogeneous agents. This model can occur repeatedly, thereby stabilizing income distribution between wages and profits. We then modify the model by introducing an unprofitable firm to which the banking system continuously lends. Increasing risk in the banking system, beyond what is allowed by its own funds, reflects a growing disjunction between the real and monetary spheres. The credit-bubble feeds demand and economic activity and evidence of overheating increases. The profit share rises and the macroeconomic stability of the model is affected. Classification JEL : C63, E25, E27, E51

JEL-codes: C63 E25 E27 E51 (search for similar items in EconPapers)
Date: 2010
References: Add references at CitEc
Citations: View citations in EconPapers (1) Track citations by RSS feed

Downloads: (external link)
http://www.cairn.info/load_pdf.php?ID_ARTICLE=RECO_613_0441 (application/pdf)
http://www.cairn.info/revue-economique-2010-3-page-441.htm (text/html)
free

Related works:
Working Paper: Dysfonctionnement bancaire, bulle du crédit et instabilité macroéconomique dans une économie monétaire dynamique et complexe (2010)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:cai:recosp:reco_613_0441

Access Statistics for this article

More articles in Revue économique from Presses de Sciences-Po
Bibliographic data for series maintained by Jean-Baptiste de Vathaire ().

 
Page updated 2020-06-17
Handle: RePEc:cai:recosp:reco_613_0441