Puzzling over the Anatomy of Crises :


The paper claims that conventional monetary theory obliterates the central role played by media of exchange in the workings and instability of capitalist economies; and that a significant part of the financial system depends on the resiliency of paper currency and liquid assets that have been built on top of it. The resilience of the resulting financial… (More)


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@inproceedings{Calvo2013PuzzlingOT, title={Puzzling over the Anatomy of Crises :}, author={Guillermo Calvo}, year={2013} }