Full text: Eurosclerosis

Lois: my as view that banks ( financial institutions)
were induced by the lack of outlets
in industry to look for new types of ?
--would imply that banks
were very liquid + that would
? lead to low interest !!
[all right, and that policy overriding this tendency!]
Once the new markets are opened this is
like an institutional change!
Can it last? The crucial theory is the ? use of rentiers
income ? for consumption
which explains why it matters as a long term

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