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  <title>EconStor Community:</title>
  <link rel="alternate" href="https://hdl.handle.net/10419/182377" />
  <subtitle />
  <id>https://hdl.handle.net/10419/182377</id>
  <updated>2026-04-28T11:39:17Z</updated>
  <dc:date>2026-04-28T11:39:17Z</dc:date>
  <entry>
    <title>Banks are different: why bank-based versus market-based lending is a false dichotomy</title>
    <link rel="alternate" href="https://hdl.handle.net/10419/315660" />
    <author>
      <name>Sissoko, Carolyn</name>
    </author>
    <id>https://hdl.handle.net/10419/315660</id>
    <updated>2025-04-25T01:29:14Z</updated>
    <published>2025-01-01T00:00:00Z</published>
    <summary type="text">Title: Banks are different: why bank-based versus market-based lending is a false dichotomy
Authors: Sissoko, Carolyn
Abstract: This paper introduces modern readers to 'banking theory', that is, to the understanding of the banking system that was held by academics and practitioners in the early years of the twentieth century. This theory contrasts with the theoretic framework that views banks as intermediaries that receive deposits and invest deposits in assets. The basic elements of banking theory are related to the modern network effects literature, and a bank-centered view of the financial system is derived: all demand and short-term bank liabilities, including contingent liabilities, are potential money and near-money assets; and any non-bank liabilities that have monetary properties derive them from the banking system. This framework is then used to evaluate modern money markets, and the paper proposes that bank-liability-based measures of the money supply be developed, and that regulators recognize that contingent bank liabilities often function as a substitute for deposits and should be regulated similarly.</summary>
    <dc:date>2025-01-01T00:00:00Z</dc:date>
  </entry>
  <entry>
    <title>Book review of Beker, V.A.: Economic Theory for the Real World</title>
    <link rel="alternate" href="https://hdl.handle.net/10419/315669" />
    <author>
      <name>Jahangir, Junaid</name>
    </author>
    <id>https://hdl.handle.net/10419/315669</id>
    <updated>2025-04-25T01:29:13Z</updated>
    <published>2025-01-01T00:00:00Z</published>
    <summary type="text">Title: Book review of Beker, V.A.: Economic Theory for the Real World
Authors: Jahangir, Junaid</summary>
    <dc:date>2025-01-01T00:00:00Z</dc:date>
  </entry>
  <entry>
    <title>Bank credit, expected inflation rate, and financial dynamics</title>
    <link rel="alternate" href="https://hdl.handle.net/10419/315659" />
    <author>
      <name>Watanabe, Toshio</name>
    </author>
    <id>https://hdl.handle.net/10419/315659</id>
    <updated>2025-04-25T01:29:31Z</updated>
    <published>2025-01-01T00:00:00Z</published>
    <summary type="text">Title: Bank credit, expected inflation rate, and financial dynamics
Authors: Watanabe, Toshio
Abstract: We investigate the effects of debt-capital ratio and expected inflation rate on the stability of the economy using a Minsky model and reconsidering Fisher's debt-deflation theory. We have developed static and dynamic models that formalize an inflation-targeting policy. The static model reveals that an increase in the debt-capital ratio may negatively impact the profit rate and that the Fisher proposition is invalid. Our dynamic model indicates that the economy can become endogenously unstable. When the debt-capital ratio is high and the sensitivity of nominal wage rate to the profit rate is higher than that of bank lending, it may lead to debt-deflation. Finally, we demonstrate that the central bank alone can make only a limited contribution to economic stability.</summary>
    <dc:date>2025-01-01T00:00:00Z</dc:date>
  </entry>
  <entry>
    <title>Variegated Capitalism as an approach for understanding globalisation in the wake of COVID-19</title>
    <link rel="alternate" href="https://hdl.handle.net/10419/315667" />
    <author>
      <name>Handley, Lukas</name>
    </author>
    <author>
      <name>Martin, Anne</name>
    </author>
    <id>https://hdl.handle.net/10419/315667</id>
    <updated>2025-04-25T01:29:15Z</updated>
    <published>2025-01-01T00:00:00Z</published>
    <summary type="text">Title: Variegated Capitalism as an approach for understanding globalisation in the wake of COVID-19
Authors: Handley, Lukas; Martin, Anne
Abstract: The various social and economic crises triggered by COVID-19 have revealed and reflected the many forms of contradictions, interdependencies and power asymmetries that underpin our current form of globalised capitalism. While Comparative Capitalisms approaches can provide useful insights into how national economies mediate crisis and how external forces can lead to shifts within domestic economies, these frameworks struggle with various theoretical and methodological limitations. This paper instead argues that Variegated Capitalism is better suited to analysing the effects of COVID-19 and, importantly, to understanding the COVID-19 crisis at a systemic level, by engaging with and integrating these levels of analysis in a wider examination of capitalism as a hegemonic global system. With this, we also aim to demonstrate that Variegated Capitalism provides an ambitious framework for analysing moments of globalised capitalism beyond the current conjuncture.</summary>
    <dc:date>2025-01-01T00:00:00Z</dc:date>
  </entry>
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