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dc.contributor.authorTremblay, Rodrigue
dc.date.accessioned2008-02-04T15:35:27Z
dc.date.available2008-02-04T15:35:27Z
dc.date.issued1987
dc.identifier.urihttp://hdl.handle.net/1866/2144
dc.format.extent1185777 bytes
dc.format.mimetypeapplication/pdf
dc.publisherUniversité de Montréal. Département de sciences économiques.fr
dc.subjectBusiness Cyclesen
dc.subjectInternational Monetary Relationsen
dc.subjectInflationen
dc.titleThe Discipline of Economics and Economic Cyclesen
dc.typeArticle
dcterms.abstractIn This Article, It Is Argued That the Long International, Financial and Economic Cycle (50-60 Years) Is More Than a Statistical Aberration, and Is the Result of Institutional Political, Financial and Economic Conditions Which Are Recurrent. It Is Proposed As an Hypothesis That the Breakdown of International Monetary Systems Is At the Origin of Hte Financial and Economic Long Cycle. Such a Breakdown Starts a Process of Unexpected Inflation, of Balance of Payments Imbalances and of International Indebtedness in a Key-Currency. the Last Stage of This Process Is Characterized by Disinflation, a Speculative Stock Market Boom and a Period of Debt-Liquidation Which Negatively Affect the Real Side of the Economy. Without an International and Automatic Mechanism to Correct the Financial and Economic International Imbalances, the World Economy Runs the Risk of Getting More and More Unstable Until the Turning Point. International Monetary Cooperation Could Contribute in Alleviating the Negative Spillovers Accompanying Hte Adjustment of These Imbalances.en
dcterms.bibliographicCitationCahier de recherche ; #8732
dcterms.isPartOfurn:ISSN:0709-9231
dcterms.languageengen
UdeM.VersionRioxxVersion publiée / Version of Record


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