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Ingo Klein Eugeniusz Michalski, Prof. MWSE dr hab. Ingo Klein, Prof. Michael Olbrich, Prof. Redakcja Wydawnictw AGH al. Macroeconomic Data Announcements Dembinski . Their model for pricing derivatives, focusing on long term contracts, was to help investors minimize investment risk. Michalski USD 4. It also indicates that studies limited to direct causes of financialization and its impact on financial crises are inadequate.
By contrast, Song Hongbing [9, 10] does not focus his research on causes, manifestations and direct consequences of financialization but on its sources. Hence, both public and private debt continues to grow. It is noteworthy that president Kennedy was determined to keep this right as stated by Song Hongbing based on reliable U. Lindbergh, were able to publicly point out its flaws. Lindbergh, Speech in Congress, December 23, , quoted by [9, pp.
Senator Aldrich also noted significant flaws in this act. Our system of credit is concentrated. It will pay off debts and be without debt. See your congressman at once and engage him to support our interest that we may control legislation. Sikler, Abraham Lincoln and J. Although many U.
In its activities, none of these banks were motivated by profit. Additionally, loans were easily accessible for all types of investments, i. Skalniak . Low credit prices favored investments. Moreover, loans from Polish state-owned banks sold to foreign investors are very difficult to get.
This not conducive to investing, nor creating and maintaining jobs. Michalski 4. First, banks relax their lending policies. They offer various forms of cheap credit, even nag their customers to borrow money, which ultimately inflates a speculative bubble. There is a sudden drop in prices of fixed and various other assets. This was done in three stages.
First, gold was eliminated from U. They decide when to loosen monetary policy, and when you tighten it.
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