La crise des subprimes: une analyse à l'aide de l'équilibre comptable des capacités et besoins de financement

Max Maurin ()
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Max Maurin: Larefi - Laboratoire d'analyse et de recherche en économie et finance internationales - UB - Université de Bordeaux

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Abstract: This article addresses the issue of government's deficit in the context of the monetary theory of production. It aims to rehabilitate deficits using financial-sector balances. Firstly we show that they are a consequence of the private sector's behavior, and secondly we illustrate the negative consequences of maintaining a policy of reducing government's deficit with the American example.

Date: 2010-06-16
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