Loansable Funds, Endogenous Money, and Minsky's Financial Fragility Hypothesis

Marc Lavoie

Working Papers from University of Ottawa, Department of Economics

Abstract: This paper points out that the concept of an endogenous credit-money supply was endorsed by Keynesian and anti-Keynesian scholars alike, past as well as present. The main purpose of the present paper is to show that the origins of many aspects of Minsky's financial fragility hypothesis can be found in an earlier algebraic model of his based on the loanable funds theory.

Keywords: LOANS; CREDIT POLICY; MONEY SUPPLY; ECONOMIC MODELS (search for similar items in EconPapers)
JEL-codes: C52 E12 E51 (search for similar items in EconPapers)
Pages: 19 pages
Date: 1995
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Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:ott:wpaper:95011e

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