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- W2897899008 abstract "Abstract The paper aims to provide a theoretical advancement in the post‐Keynesian debate between horizontalists and structuralists by offering an additional theoretical support to the horizontalist view. Through the newly introduced notion of paradox of illiquidity, a critique to the endogenous money–liquidity preference model is developed, by focusing on the relationship between the volume of loans and the mark‐up. The paradox of illiquidity aims to deny: (a) the idea of a banking sector achieving illiquid position during its lending activities and, consequently, (b) the view of an upward sloping credit supply curve." @default.
- W2897899008 created "2018-10-26" @default.
- W2897899008 creator A5006188520 @default.
- W2897899008 date "2019-08-19" @default.
- W2897899008 modified "2023-09-27" @default.
- W2897899008 title "Post‐Keynesian endogenous money theory: Horizontalists, structuralists and the paradox of illiquidity" @default.
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- W2897899008 doi "https://doi.org/10.1111/meca.12271" @default.
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