The Paradox of Tranquility Revisited. A Lotka-Volterra Model of the Financial Instability

The aim of this paper is to describe by means of a simple Lotka-Volterra model the financial vulnerability of corporate sector. This should allow us to soften Lavoie's criticism of Minsky's «Financial Instability Hypothesis» which is based on the so-called «paradox of debt».

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Year of publication:	2010
Authors:	Marco, Passarella
Published in:	Rivista italiana degli economisti. - Società editrice il Mulino, ISSN 1593-8662. - 2010, 1, p. 69-104
Publisher:	Società editrice il Mulino
Subject:	heterodox approaches \| post-keynesian economics \| financial instability hypothesis

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Extent:	application/pdf text/html
Type of publication:	Article
Source:	RePEc - Research Papers in Economics

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