Published: 2011-01-21

Editorial

Ola Financiera
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Analysis

The Collapse of monetarism and the irrelevance of the new monetary consensus

James K. Galbraith

1-17

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Financial innovation and the failure of securitization

Alma Chapoy, Alicia Girón

18-33

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The bankruptcy of Fannie Mae and Freddie Mac from the Latin American experience

Wesley Marshall

34-63

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Minsky’s Cushions of Safety: Systemic Risk and the Crisis in the U.S. Subprime Mortgage Market

Jan Kregel

64-98

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Public services and expenditure: Effects of budgetary adjustment

Eugenia Correa

99-129

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Financial capitalism and Democracy: Distribution models

José María Calderón Rodríguez

130-162

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Review

From south to north

María Cristina Rosas

163-171

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Rethinking development theory

Arturo Guillén

172-175

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