On “open-economy macroeconomics using models of closed systems”
International macroeconomic crises occur because of the enlargement of the dimension of the state space within which economies operate. Our focus is the recent financial turbulence worldwide in which (i) banks had a role to play and (ii) whole systems collapsed. We validate these propositions in the...
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| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
Wiley
2001-01-01
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| Series: | Discrete Dynamics in Nature and Society |
| Subjects: | |
| Online Access: | http://dx.doi.org/10.1155/S102602260100022X |
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| _version_ | 1850223972086448128 |
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| author | Romar Correa Shubhada Damle |
| author_facet | Romar Correa Shubhada Damle |
| author_sort | Romar Correa |
| collection | DOAJ |
| description | International macroeconomic crises occur because of the enlargement of the dimension of the state space within which economies operate. Our focus is the recent financial turbulence worldwide in which (i) banks had a role to play and (ii) whole systems collapsed. We validate these propositions in the context of the qualitative theory of differential equations. The economic framework used is that of Wynne Godley. |
| format | Article |
| id | doaj-art-54516f694b3c40da8bef5544b6b507dd |
| institution | OA Journals |
| issn | 1026-0226 1607-887X |
| language | English |
| publishDate | 2001-01-01 |
| publisher | Wiley |
| record_format | Article |
| series | Discrete Dynamics in Nature and Society |
| spelling | doaj-art-54516f694b3c40da8bef5544b6b507dd2025-08-20T02:05:46ZengWileyDiscrete Dynamics in Nature and Society1026-02261607-887X2001-01-016320721210.1155/S102602260100022XOn “open-economy macroeconomics using models of closed systems”Romar Correa0Shubhada Damle1Department of Economics, University of Mumbai, Vidyanagari, Mumbai 400 098, IndiaDepartment of Economics, University of Mumbai, Vidyanagari, Mumbai 400 098, IndiaInternational macroeconomic crises occur because of the enlargement of the dimension of the state space within which economies operate. Our focus is the recent financial turbulence worldwide in which (i) banks had a role to play and (ii) whole systems collapsed. We validate these propositions in the context of the qualitative theory of differential equations. The economic framework used is that of Wynne Godley.http://dx.doi.org/10.1155/S102602260100022XQualitative differential equations; Open-economy macroeconomics. |
| spellingShingle | Romar Correa Shubhada Damle On “open-economy macroeconomics using models of closed systems” Discrete Dynamics in Nature and Society Qualitative differential equations; Open-economy macroeconomics. |
| title | On “open-economy macroeconomics using models of closed systems” |
| title_full | On “open-economy macroeconomics using models of closed systems” |
| title_fullStr | On “open-economy macroeconomics using models of closed systems” |
| title_full_unstemmed | On “open-economy macroeconomics using models of closed systems” |
| title_short | On “open-economy macroeconomics using models of closed systems” |
| title_sort | on open economy macroeconomics using models of closed systems |
| topic | Qualitative differential equations; Open-economy macroeconomics. |
| url | http://dx.doi.org/10.1155/S102602260100022X |
| work_keys_str_mv | AT romarcorrea onopeneconomymacroeconomicsusingmodelsofclosedsystems AT shubhadadamle onopeneconomymacroeconomicsusingmodelsofclosedsystems |