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Academic Term Papers Catalog RELATIONSHIP BETWEEN THE FINANCIAL STRUCTURE & ECONOMIC ACTIVITY.
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| 12621. RELATIONSHIP BETWEEN THE FINANCIAL STRUCTURE & ECONOMIC ACTIVITY. This survey summarizes what we know about the relationship of financial structures to the physical economy of goods and services at end-1997. Starting with a brilliant summary of the historical development of markets, as well as the development of market theory from Smith to Keynes, the study also covers the monetarist and rational expectations theories, and several specific theories trying to find microeconomic bases for the actual business conditions of the 1990's. Also includes evidence for existence of wealth effects, demonstrates the role of asymmetrical information in Asian collapse of late 1997, and gives evidence of markets not reaching most efficient distributions of resources. 11p., 20f., 10b. | $77 |
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