Change search
CiteExportLink to record
Permanent link

Direct link
Cite
Citation style
  • apa
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf
Boom and Bust Cycles in Financial Markets: Causes and Cures: Multiple Contradictory Functions of Money and Collective Action Problems
Uppsala University, Disciplinary Domain of Humanities and Social Sciences, Faculty of Social Sciences, Department of Sociology. (Welfare and Life Cycle)ORCID iD: 0000-0001-9350-8652
Department of Sociology and Political Science, University of Milano, Italy.
Economy and Society, University of Louvain, Belgium.
2017 (English)In: Theoretical Economics Letters, ISSN 2162-2078, E-ISSN 2162-2086, Vol. 7, no 4, p. 914-928Article in journal (Refereed) Published
Abstract [en]

The aim of this conceptualization article is to formulate propositions about: (1) systemic faults in established money and financial systems, in particular the mechanisms that make for boom-and-bust cycles; and (2) the cognitive and action factors which limit the central banks capabilities to consistently and effectively to regulate or to limit these cycles. Drawing on earlier research (our own as well as that of others), this conceptualization is presented in Section 1. Section 2 identifies a new design and institutional arrangement, which would minimize the boom-and-bust predispositions in money and financial systems. This work builds on earlier research invested in “the Chicago Plan” (from the 1930s) in addition to our own research. Section 3 considers the expected political and ideological constraints on reforming financial systems. Previously operating constraints—including Neo-liberal erosion of New Deal banking arguments and reforms—make for formidable barriers. The paper concludes that reform is necessary—if boom-and-bust cycles on the scale of those since 1929 are to be effectively regulated; but it is suggested that such reform is politically and ideologically difficult if not impossible in the short-run.

Place, publisher, year, edition, pages
2017. Vol. 7, no 4, p. 914-928
National Category
Economics and Business
Research subject
Sociology
Identifiers
URN: urn:nbn:se:uu:diva-338399DOI: 10.4236/tel.2017.74062OAI: oai:DiVA.org:uu-338399DiVA, id: diva2:1172004
Available from: 2018-01-08 Created: 2018-01-08 Last updated: 2018-02-02Bibliographically approved

Open Access in DiVA

fulltext(333 kB)24 downloads
File information
File name FULLTEXT01.pdfFile size 333 kBChecksum SHA-512
25bb07fd0fd1437e09e722c2baf1e334d835d4c811ca46d306f3b60acd4684d8a4a8cf9fc7c02d37cbc72ee1e65a6ed460a5a83cabeefe3ab0d2f8ee1042ac28
Type fulltextMimetype application/pdf

Other links

Publisher's full text

Search in DiVA

By author/editor
Burns, Tom
By organisation
Department of Sociology
In the same journal
Theoretical Economics Letters
Economics and Business

Search outside of DiVA

GoogleGoogle Scholar
Total: 24 downloads
The number of downloads is the sum of all downloads of full texts. It may include eg previous versions that are now no longer available

doi
urn-nbn

Altmetric score

doi
urn-nbn
Total: 15 hits
CiteExportLink to record
Permanent link

Direct link
Cite
Citation style
  • apa
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf