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Financial Equilibrium in the Presence of Technological Change

Journal of Economics Library

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Title Financial Equilibrium in the Presence of Technological Change
 
Creator WASNIEWSKI, Krzysztof; The AndrzejFrycz – ModrzewskiKraków University, Faculty of Management and Communication Sciences, Kraków, Poland
 
Subject Money; Financial markets; Technological change.
E10; E30.
 
Description Abstract. This article explores the issue of observable instability in financial markets interpreted as a long-term process of adaptation to demand for money, which, in turn, is based on the expected depreciation of fixed assets. Exploration is based on verifying empirically the hypothesis that the velocity of money is significantly, negatively correlated with the pace of technological change. The purpose of exploration is to assess the well-founded of policies, which use financial and monetary tools, rather than the straightforwardly fiscal ones, to stimulate technological change. Empirical research suggests that aggregate depreciation of fixed assets is a significant factor inducing slower a circulation of money.Keywords. Money, Financial markets, Technological change.JEL. E10, E30.
 
Publisher Journal of Economics Library
 
Contributor —
 
Date 2017-07-13
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
 
Format application/pdf
 
Identifier http://www.kspjournals.org/index.php/JEL/article/view/1294
10.1453/jel.v4i2.1294
 
Source Journal of Economics Library; Vol 4, No 2 (2017): June; 160-171
2149-2379
 
Language eng
 
Relation http://www.kspjournals.org/index.php/JEL/article/view/1294/1278
 
Rights Copyright (c) 2017 Journal of Economics Library
http://creativecommons.org/licenses/by-nc/4.0