The dynamic inefficiency of financial capitalism

Amelia Correa, Romar Correa, D Rao () and Graciella Tavares

Applied Economics Letters, 2009, vol. 16, issue 7, 755-757

Abstract: We show that the interest rate cannot both coordinate the savings plans of borrowers and lenders and equal the marginal product of capital.

Date: 2009
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DOI: 10.1080/17446540802260902

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