Publications

1711 publications found

• Working Paper No. 93
  May 08, 1993

  Finance and Stability

  Hyman P. Minsky
  Abstract

  Once again the United States economy is facing a crisis, resolution of which first requires the realization that there are many types of capitalism: Solutions implemented in the past, therefore,…more

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• Working Paper No. 92
  May 07, 1993

  The Current State of Banking Reform

  George G. Kaufman
  Abstract

  Banking reform has always been a part of the political agenda, although policy tends to focus on the specific concerns of the public at the time of crisis; as times…more

  Download Working Paper No. 92 PDF (2.58 MB)
• Public Policy Brief No. 6
  May 06, 1993

  A Path to Community Development

  Dimitri B. Papadimitriou, Ronnie J. Phillips, and L. Randall Wray
  Abstract

  Η δημιουργία ενός εθνικού συστήματος τραπεζών κοινοτικής ανάπτυξης θα βοηθούσε να καλυφθεί το χρηματοδοτικό κενό σε περιοχές  που δεν εξυπηρετούνται επαρκώς από τις παραδοσιακές τράπεζες παρά τις απαιτήσεις της Πράξης…more

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• Public Policy Brief No. 6
  May 06, 1993

  A Path to Community Development

  Dimitri B. Papadimitriou, Ronnie J. Phillips, and L. Randall Wray
  Abstract

  The establishment of a system of federally regulated, for-profit community development banks (CDBs) would help to fill the financial gap in areas inadequately served by traditional banks, requirements of the…more

  Download Public Policy Brief No. 6, 1993 PDF (1.88 MB)
• Public Policy Brief No. 5
  May 05, 1993

  The Limits of Prudential Supervision

  Bernard Shull
  Abstract

  According to Bernard Shull, although the recent round of banking legislation—most notably the Financial Institutions Reform, Recovery, and Enforcement Act (FIRREA) and the Federal Deposit Insurance Corporation Improvement Act (FDICIA)—did…more

  Download Public Policy Brief No. 5, 1993 PDF (2.27 MB)
• Working Paper No. 91
  May 01, 1993

  A Comparison of Proposals to Restructure the US Financial System

  R. Alton Gilbert
  Abstract

  This paper illustrates the potential for risk diversification through the common ownership of a hypothetical bank and nonbanking firm. The illustration has several implications for proposals for restructuring the financial…more

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• Working Paper No. 90
  April 10, 1993

  Narrow Banks

  Kenneth Spong
  Abstract

  Recent banking problems have prompted a variety of proposals for reforming deposit insurance and the banking system. Nearly all of these proposals, however, suffer from a common flaw—they would fail…more

  Download Working Paper No. 90 PDF (2.30 MB)
• Working Paper No. 89
  April 01, 1993

  Profits for Economists

  Thomas Karier
  Abstract

  There is no single best estimate of profits because different purposes require measures. For example, profits in national income should be different than profits in financial statements. But given these…more

  Download Working Paper No. 89 PDF (2.26 MB)
• Working Paper No. 88
  March 10, 1993

  Limits of Prudential Supervision

  Bernard Shull
  Abstract

  Bank supervision typically receives little if any attention when banks are operating without difficulty. But when banks fail in large numbers, or large banks fail, and the system itself is…more

  Download Working Paper No. 88 PDF (3.33 MB)
• Working Paper No. 87
  March 09, 1993

  The Psychology of Risk

  Paul B. Andreassen
  Abstract

  Risk is commonly defined in negative terms-the probability of suffering a loss or factors and actions involving uncertain dangers or hazards. On the other hand, the term risk as used…more

  Download Working Paper No. 87 PDF (1.08 MB)
• Working Paper No. 86
  March 08, 1993

  The Origins of Money and the Development of the Modern Financial System

  L. Randall Wray
  Abstract

  The origins of money and banking are explained in nearly every introduction money and banking course, but Wray proposes an alternative approach that emerges from a comparative analysis of economic…more

  Download Working Paper No. 86 PDF (3.65 MB)
• Public Policy Brief No. 4
  March 03, 1993

  Public Infrastructure Investment: A Bridge to Productivity Growth?

  David Alan Aschauer and Douglas Holtz-Eakin
  Abstract

  This brief presents contrasting views on the effects of public infrastructure investment on private sector productivity. David Alan Aschauer states that the slower rate of productivity growth since the early…more

  Download Public Policy Brief No. 4, 1993 PDF (8.87 MB)
• Working Paper No. 85
  February 10, 1993

  The Relationship between Public and Private Investment

  Sharon J. Erenburg
  Abstract

  The relationship between government spending and aggregates such as output, employment, and prices has been the subject of many theoretical and empirical studies. Recently, however, interest has shifted to government…more

  Download Working Paper No. 85 PDF (1.70 MB)
• Working Paper No. 84
  February 07, 1993

  Migration of Talent

  Milind Rao
  Abstract

  In this paper, Rao tackles the reasons behind the increasing number and share of foreign students enrolled in Ph.D. economics programs in the U.S. The conventional argument of comparative advantage…more

  Download Working Paper No. 84 PDF (942.92 KB)
• Public Policy Brief No. 3
  January 01, 1993

  Τραπεζικό σύστημα κοινοτικής ανάπτυξης

  Hyman P. Minsky, Dimitri B. Papadimitriou, Ronnie J. Phillips, and L. Randall Wray
  Abstract

  Το κείμενο προτείνει την εγκαθίδρυση ενός εθνικού συστήματος τραπεζών κοινοτικής ανάπτυξης για την προώθηση της κεφαλαιακής ανάπτυξης της οικονομίας. Η πρόταση βασίζεται στην άποψη ότι η υπάρχουσα χρηματοπιστωτική δομή είναι…more

  Download Κείμενο Δημόσιας Πολιτικής Νο. 3 PDF (558.90 KB)
• Public Policy Brief No. 3
  January 01, 1993

  Community Development Banking

  Hyman P. Minsky, Dimitri B. Papadimitriou, Ronnie J. Phillips, and L. Randall Wray
  Abstract

  This brief proposes that the establishment of a nationwide system of community development banks (CDBs) would advance the capital development of the economy. The proposal is based on the notion…more

  Download Public Policy Brief No. 3, 1993 PDF (98.53 KB)
• Working Paper No. 83
  December 01, 1992

  Community Development Banks

  Hyman P. Minsky, Dimitri B. Papadimitriou, Ronnie J. Phillips, and L. Randall Wray
  Abstract

  The Clinton/Gore proposal for the creation of a network of 100 community development banks (CDBs) to revitalize communities is bold, and will contribute to the success of the U.S. economy….more

• Working Paper No. 82
  December 01, 1992

  Job Quality and Labor Market Segmentation in the 1980s

  Maury Gittleman and David R. Howell
  Abstract

  The authors examine the effects of employment restructuring in the 1980s on white, black, and Hispanic men and women within a labor market segmentation framework. Cluster analysis is used to…more

• Book Series
  November 01, 1992

  Financial Conditions and Macroeconomic Performance

  Steven M. Fazzari and Dimitri B. Papadimitriou
  Abstract

  This collection of papers on financial instability and its impact on macroeconomic performance honors Hyman P. Minsky and his lifelong work. The papers consider the clear and disturbing sequence of…more

• Public Policy Brief No. 2
  September 10, 1992

  An Economic Assessment: Contained Depression or the Foothills of Recovery?

  Robert J. Barbera and David A. Levy
  Abstract

  Robert Barbera and David A. Levy offer contrasting assessments of the United States’ economy during the late 1980s and early 1990s. Barbera suggests that the behavior of the economy was…more

  Download Public Policy Brief No. 2, 1992 PDF (17.09 MB)
• Working Paper No. 81
  September 10, 1992

  The Impact of Profitability, Financial Fragility, and Competitive Regime Shifts on Investment Demand

  James R. Crotty and Jonathan A. Goldstein
  Abstract

  Crotty and Goldstein have developed a hybrid post-Keynesian/ neo-Schumpeterian theory of investment demand. In this micro-founded theory of accumulation, the optimal investment decision depends on the level of expected profitability,…more

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• Working Paper No. 80
  September 09, 1992

  Growth and Structural Change in China-US Trade

  Hong Wang
  Abstract

  Since the resumption of China-U.S. trade in 1972, and in particular since the establishment of diplomatic relations in early 1979, trade between the two countries has increased dramatically. By 1990,…more

  Download Working Paper No. 80 PDF (327.08 KB)
• Working Paper No. 79
  September 04, 1992

  The Investment Decision of the Post Keynesian Firm

  James R. Crotty and Jonathan A. Goldstein
  Abstract

  In this paper, Crotty and Goldstein undertake the formulation of a model of enterprise investment decision that can provide a microeconomic foundation for the Keynes-Minsky macromodels developed by Delli Gatti…more

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• Working Paper No. 78
  August 10, 1992

  The Predication Semantics Model

  Bruce K. Britton, Deborah McCutchen, and Paul B. Andreassen
  Abstract

  This paper presents and tests the predication semantics model, a computational model of text comprehension. It goes beyond previous case grammar approaches to text comprehension in employing a propositional rather…more

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