Merger Waves and the Austrian Business Cycle Theory
This paper identifies merger waves as parts of Austrian-type business cycles. According to Austrian business cycle theory, when loan rates are reduced below their natural level through bank credit expansion, this falsifies the monetary calculation of capitalist-entrepreneurs, and investments are ini...
- Autores:
-
Saravia, Jimmy
- Tipo de recurso:
- Fecha de publicación:
- 2014
- Institución:
- Universidad EAFIT
- Repositorio:
- Repositorio EAFIT
- Idioma:
- eng
- OAI Identifier:
- oai:repository.eafit.edu.co:10784/7624
- Acceso en línea:
- http://hdl.handle.net/10784/7624
- Palabra clave:
- Austrian business cycle
merger waves
Austrian
neoclassical
behavioral
- Rights
- License
- restrictedAccess