El yin y el yang de las finanzas

Julián Sánchez González
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Julián Sánchez González: Universidad Autónoma de Madrid

EKONOMIAZ. Revista vasca de Economía, 2004, vol. 57, issue 03, 276-295

Abstract: The essence of the capital resides in its capacity of performance lengthways in the time. In this study, we have considered the financing capitalism from a new perspective that we wish to be also a valid and promising one. In this perspective, the way in which economy¿s debt and credit develop through the time, is directly connected with the quality of the financing structure of the payments of the debt and with the incomings that cover them. All this is linked to the fragility or to the robustness of the said structure of inter-temporaries flows of money. The theory that we propose about the determinants of the indebtedness¿s level of economy, will lead us to a reflection of a chief political interest about the ordinary questions, such as the question why it is required more or minus debt in financing the same volume of cost? What can explain the debt increasing? Which is the force with which it acts? And why can problems rise in its amortization?

Keywords: capital; deuda externa; financiación externa; fragilidad financiera (search for similar items in EconPapers)
JEL-codes: E12 E32 O16 (search for similar items in EconPapers)
Date: 2004
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