Initial Dynamics of Financial Markets in the Transition Economies in the 1990s and New Critique of the Big Bang Policy: Heterodox Approach

• Published in: Економічний вісник Донбасу
• Date: 2010
• Main Author: Rozmainsky, I.V.
• Format: Article
• Language: English
• Published: Інститут економіки промисловості НАН України 2010
• Subjects: Economic Theory
• Online Access: https://nasplib.isofts.kiev.ua/handle/123456789/24022
• Journal Title: Digital Library of Periodicals of National Academy of Sciences of Ukraine
• Cite this: Initial Dynamics of Financial Markets in the Transition Economies in the 1990s and New Critique of the Big Bang Policy: Heterodox Approach / Rozmainsky I.V. // Економічний вісник Донбасу. — 2010. — № 4(22). — С. 34-42. — Бібліогр.: 45 назв. — англ.

Heterodox — Post Keynesian and Institutionalist — economics proves that expansion of financial sector can be harmful for the real sector. Such conclusion is an effect of account of variability of preferences, planning horizons and degree of rationality in the behavior of economic agents. We suppose...