Financial Markets, Investment and Employment

Paul Davidson

Chapter 4 in Barriers to Full Employment, 1988, pp 73-102 from Palgrave Macmillan

Abstract: Abstract The concept of a financial market is limited, in the following analysis, to any market where easily resaleable debt and/or equity securities of business firms and governments are traded.1 Financial markets, therefore, always encompass well-organised, continuous and orderly spot markets.

Keywords: Financial Market; Rational Expectation; Financial Asset; Market Maker; Monetary Authority (search for similar items in EconPapers)
Date: 1988
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DOI: 10.1007/978-1-349-19233-5_5

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