Arbeitspapier

Instability of the Economy and Fragility of the Financial Structure

This paper seeks to extend Coase's explanation of the existence of firms in general to financial firms and the financial markets in particular. Fianancial firms are defined as "producting prices" of financial assets. It also seeks to describe market structure in terms of constellations of different types of financial firms, leading to a continuum of a market configurations ranging from less to more internal integration of financial market structures are compared and assessed. Finally, the symbiosis between manufacturing and financial structures is discussed.

Language
Englisch

Bibliographic citation
Series: Quaderni - Working Paper DSE ; No. 158

Classification
Wirtschaft

Event
Geistige Schöpfung
(who)
Kregel, Jan A.
Event
Veröffentlichung
(who)
Alma Mater Studiorum - Università di Bologna, Dipartimento di Scienze Economiche (DSE)
(where)
Bologna
(when)
1993

DOI
doi:10.6092/unibo/amsacta/5199
Handle
Last update
10.03.2025, 11:43 AM CET

Data provider

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Object type

  • Arbeitspapier

Associated

  • Kregel, Jan A.
  • Alma Mater Studiorum - Università di Bologna, Dipartimento di Scienze Economiche (DSE)

Time of origin

  • 1993

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