Alberto Botta
Biographic Data
| ID | 3654784 |
|---|---|
| NAME | Alberto Botta |
| GIVEN NAMES | Alberto |
| FAMILY NAME | Botta |
| SIGNATURE | BOTTA A |
| AFFILIATIONS | University of Greenwich |
| ORCID | 0000-0001-9464-8251 |
| VERIFIED | Yes |
| TOTAL WORKS | 8 |
| TOTAL CITATIONS | 18 |
| AUTHOR COUNT | 8 |
| EDITOR COUNT | 0 |
| FIRST PUBLICATION YEAR | 2012 |
| LATEST PUBLICATION YEAR | 2025 |
| H-INDEX | 3 |
The Monetary Circuit in a Financialized Economy. From Credit Creation to Profit Realization
In this paper, we analyze the role of financialization, namely securitization and the production of structured financial products, within the functioning of a monetary capitalist economy of production. We do this by embedding such ‘financial innovations’ in an extended financialized monetary circuit. We complement this theoretical analysis with data about the evolution of the commercial banks in the US economy since the end of World War II. We sh…
Households’ Liquidity Preference, Banks’ Capitalization and the Macroeconomy
In this paper, we build a simple model on the role of households’ liquidity preference in the determination of economic performance. We postulate, for the sake of the argument, a purely ‘horizontalist’ environment, i.e., a world of endogenous money where the central bank is able to fix the interest rate(s) at a level of its own willing. We show that even in such a framework liquidity preference, while obviously not constituting anymore a theory f…
Financial and Capital Account Liberalization, Financial Development and Economic Development
This article presents a review of some recent contributions on the relation between global finance and economic development in emerging economies. It first, stresses the growing consensus among economists on the financial instability that financial and capital account liberalization can possibly cause in emerging economies. It then outlines and compares two alternative strategies to tame such instability. The comparison is between the “good-insti…
Dutch Disease-cum-financialization Booms and External Balance Cycles in Developing Countries
We formally investigate the medium-to-long-run dynamics emerging out of a Dutch disease-cum-financialization phenomenon. We take inspiration from the most recent Colombian development pattern. The "pure" Dutch disease first causes deindustrialization by permanently appreciating the economy's exchange rate in the long run. Financialization, i.e., booming capital inflows taking place in a climate of natural resource-led financial overoptimism, caus…
Finance, foreign (direct) investment and dutch disease
The Complex Inequality–Innovation–Public Investment Nexus
In this paper, we deal with the complex relationship connecting inequality to innovation, and the ways through which public investment can affect it. We first stress that inequality and innovation may interact in many different ways. The positive relation that part of the economic theory often assumes to exist between (initially) rising inequality and improving innovation performances emerges as only one among many other far less virtuous dynamic…
Financial–Real-Side Interactions in an Extended Monetary Circuit with Shadow Banking
Monetary circuit (MC) theory is one of the most interesting attempts to formally describe the functioning of a monetary production economy as centered on the concept of the flux–reflux of money. Endogenous money creation by commercial banks allows the circuit to open and firms to implement production processes. Financial markets “passively” close the circuit by intermediating savings via bond and equity issuance. Despite its natural focus on fina…
A Post-Keynesian Model of the Palestinian Economy
The 60-year-old Israeli-Palestinian conflict has deeply influenced the evolution of the Palestinian economy. In the last two decades political instability and the Israeli closure policy have generated protracted economic stagnation and poor capital formation. The paper describes the consequences on the Palestinian economy of existing high transaction costs and market fragmentation. We propose a simple one-sector Post-Keynesian model that describe…
Financial–Real-Side Interactions in an Extended Monetary Circuit with Shadow Banking
Monetary circuit (MC) theory is one of the most interesting attempts to formally describe the functioning of a monetary production economy as centered on the concept of the flux–reflux of money. Endogenous money creation by commercial banks allows the circuit to open and firms to implement production processes. Financial markets “passively” close the circuit by intermediating savings via bond and equity issuance. Despite its natural focus on fina…
Dutch Disease-cum-financialization Booms and External Balance Cycles in Developing Countries
We formally investigate the medium-to-long-run dynamics emerging out of a Dutch disease-cum-financialization phenomenon. We take inspiration from the most recent Colombian development pattern. The "pure" Dutch disease first causes deindustrialization by permanently appreciating the economy's exchange rate in the long run. Financialization, i.e., booming capital inflows taking place in a climate of natural resource-led financial overoptimism, caus…
The Monetary Circuit in a Financialized Economy. From Credit Creation to Profit Realization
In this paper, we analyze the role of financialization, namely securitization and the production of structured financial products, within the functioning of a monetary capitalist economy of production. We do this by embedding such ‘financial innovations’ in an extended financialized monetary circuit. We complement this theoretical analysis with data about the evolution of the commercial banks in the US economy since the end of World War II. We sh…
Finance, foreign (direct) investment and dutch disease
Households’ Liquidity Preference, Banks’ Capitalization and the Macroeconomy
In this paper, we build a simple model on the role of households’ liquidity preference in the determination of economic performance. We postulate, for the sake of the argument, a purely ‘horizontalist’ environment, i.e., a world of endogenous money where the central bank is able to fix the interest rate(s) at a level of its own willing. We show that even in such a framework liquidity preference, while obviously not constituting anymore a theory f…
A Post-Keynesian Model of the Palestinian Economy
The 60-year-old Israeli-Palestinian conflict has deeply influenced the evolution of the Palestinian economy. In the last two decades political instability and the Israeli closure policy have generated protracted economic stagnation and poor capital formation. The paper describes the consequences on the Palestinian economy of existing high transaction costs and market fragmentation. We propose a simple one-sector Post-Keynesian model that describe…
Financial–Real-Side Interactions in an Extended Monetary Circuit with Shadow Banking
Monetary circuit (MC) theory is one of the most interesting attempts to formally describe the functioning of a monetary production economy as centered on the concept of the flux–reflux of money. Endogenous money creation by commercial banks allows the circuit to open and firms to implement production processes. Financial markets “passively” close the circuit by intermediating savings via bond and equity issuance. Despite its natural focus on fina…
Finance, foreign (direct) investment and dutch disease
The Complex Inequality–Innovation–Public Investment Nexus
In this paper, we deal with the complex relationship connecting inequality to innovation, and the ways through which public investment can affect it. We first stress that inequality and innovation may interact in many different ways. The positive relation that part of the economic theory often assumes to exist between (initially) rising inequality and improving innovation performances emerges as only one among many other far less virtuous dynamic…
Dutch Disease-cum-financialization Booms and External Balance Cycles in Developing Countries
We formally investigate the medium-to-long-run dynamics emerging out of a Dutch disease-cum-financialization phenomenon. We take inspiration from the most recent Colombian development pattern. The "pure" Dutch disease first causes deindustrialization by permanently appreciating the economy's exchange rate in the long run. Financialization, i.e., booming capital inflows taking place in a climate of natural resource-led financial overoptimism, caus…
Financial and Capital Account Liberalization, Financial Development and Economic Development
This article presents a review of some recent contributions on the relation between global finance and economic development in emerging economies. It first, stresses the growing consensus among economists on the financial instability that financial and capital account liberalization can possibly cause in emerging economies. It then outlines and compares two alternative strategies to tame such instability. The comparison is between the “good-insti…
Households’ Liquidity Preference, Banks’ Capitalization and the Macroeconomy
In this paper, we build a simple model on the role of households’ liquidity preference in the determination of economic performance. We postulate, for the sake of the argument, a purely ‘horizontalist’ environment, i.e., a world of endogenous money where the central bank is able to fix the interest rate(s) at a level of its own willing. We show that even in such a framework liquidity preference, while obviously not constituting anymore a theory f…
The Monetary Circuit in a Financialized Economy. From Credit Creation to Profit Realization
In this paper, we analyze the role of financialization, namely securitization and the production of structured financial products, within the functioning of a monetary capitalist economy of production. We do this by embedding such ‘financial innovations’ in an extended financialized monetary circuit. We complement this theoretical analysis with data about the evolution of the commercial banks in the US economy since the end of World War II. We sh…
Economics (8 works) · Economic Theory and Policy (7 works) · Macroeconomics (6 works) · Monetary economics (6 works) · Finance (5 works) · Market economy (5 works) · Economic theories and models (4 works) · Financial system (3 works) · Financialization (3 works) · Investment (military (3 works)