Subscribe to this fee journal for more curated articles on this topic Please disable your adblock and script blockers to view this page Subscribe to this fee journal for more curated articles on this topic Subscribe to this free journal for more curated articles on this topic li.8935@osu.edu 2100 Neil Ave, Columbus Phone: (+1) 646-620-8178 OH 43210, USA Academic Appointment The Ohio State University, Fisher College of Business Assistant Professor of … 2018-19Intangible capital creates endogenous financial risk by inducing self-perpetuating savings gluts. Firms save for investments in intangibles that are unpledgeable but essential for the creation of new assets.

Subscribe to this fee journal for more curated articles on this topic Subscribe to this fee journal for more curated articles on this topic Subscribe to this fee journal for more curated articles on this topic Charles A. 2017-03-24, Columbia Business School Research Paper No. Introducing outside money (government debt) to alleviate liquidity shortage can be counterproductive, because its competition with inside money destabilizes the banking sector. Li, Ye, Fragile New Economy: The Rise of Intangible Capital and Financial Instability (April 27, 2019). The bubbly value in turn stimulates firms’ asset creation and savings for intangibles. Ye Xia, Carloalberto Petti, Mark William, Seth Debolt (2014). Subscribe to this fee journal for more curated articles on this topic Subscribe to this fee journal for more curated articles on this topic Subscribe to this free journal for more curated articles on this topic lee.355@osu.edu Curriculum Vitae Education PhD - University of Toronto, 1995 - Social Work MSW - University of California, Los Angeles, 1989 - Social Work BSS - University of Hong Kong, 1983 - Social work Areas of Expertise Subscribe to this fee journal for more curated articles on this topic Li, Ye, Procyclical Finance: The Money View (November 19, 2017). Subscribe to this free journal for more curated articles on this topic Find and download the best osu skins of all time. By highlighting the interaction between banks and firms in the money market, this paper offers a theory of procyclical inside money creation and the resulting instability.

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