タイトル(掲載誌)滋賀大学経済学部Working Paper Series
一般注記type:Technical Report
A lot of economists have pointed out 1) fixed exchenge rate system (doll peg system) 2) financial fragility in domestic economy and 3) capital flight as factors of Asian monetary crises.On the other hand,Minsky has emphasized the debt burden for the financial instability. In this paper,we will examine how the degrees of international capital mobility and the financial factors affect the dynamic of fixed exchange rate in which we consider the dynamic of debt burden.The main result of this papers is that there is a closed on the model of this paper by applying Hopf-bifurcation theorem.In this paper,the dynamic of debt burden is a crucial role for the cycle.This feature is different from the Kaldorian Dynamic that does not consider the dynamic of debt burden.
identifier:滋賀大学経済学部Working Paper Series, No. 73, pp. 1-17
連携機関・データベース国立情報学研究所 : 学術機関リポジトリデータベース(IRDB)(機関リポジトリ)