Endogeniczna podaż pieniądza w warunkach finansjalizacji – perspektywa ekonomii heterodoksyjnej
Endogenous Money Supply Under Financialization: Heterodox Economic Perspective

Summary/Abstract: Heterodox economics interprets the phenomena of endogenous money supply and financialization, and the cause-and-effect relationship between them, in a way different than mainstream economics. Endogeneity is perceived here as a durable and constant feature of money, which constitutes at the same time a determinant of financialization. The latter, in turn, is considered as a temporary and reversible aberration, representing a serious thread for economic stability. These questions have been analysed from the angle of the macroeconomic theory of money supply, which focuses on monetary problems, declaring a so-called natural endogeneity.

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