{"id":"https://openalex.org/W1542859762","doi":"https://doi.org/10.1080/00213624.1986.11504505","title":"The Evolution of Financial Institutions and the Performance of the Economy","display_name":"The Evolution of Financial Institutions and the Performance of the Economy","publication_year":1986,"publication_date":"1986-06-01","ids":{"openalex":"https://openalex.org/W1542859762","doi":"https://doi.org/10.1080/00213624.1986.11504505","mag":"1542859762"},"language":"en","primary_location":{"id":"doi:10.1080/00213624.1986.11504505","doi":"https://doi.org/10.1080/00213624.1986.11504505","is_oa":false,"landing_page_url":"https://doi.org/10.1080/00213624.1986.11504505","pdf_url":null,"source":{"id":"https://openalex.org/S93666758","display_name":"Journal of Economic Issues","issn_l":"0021-3624","issn":["0021-3624","1946-326X"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-b","anvur-scientific","cwts-core","jufo-1","norway-1","poland-40","russia-white-list-3","vabb-shw"],"host_organization":"https://openalex.org/P4310320547","host_organization_name":"Taylor & Francis","host_organization_lineage":["https://openalex.org/P4310320547","https://openalex.org/P4310320449"],"host_organization_lineage_names":["Taylor & Francis","Informa"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Journal of Economic Issues","raw_type":"journal-article"},"volume":null,"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5114016360","display_name":"Hyman P. Minsky","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I39661318","display_name":"Bard College","ror":"https://ror.org/04yrgt058","country_code":"US","type":"education","lineage":["https://openalex.org/I39661318"]}],"countries":["US"],"is_corresponding":true,"raw_author_name":"Hyman P. Minsky","raw_affiliation_strings":["Bard College"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Bard College","institution_ids":["https://openalex.org/I39661318"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":1,"corresponding_author_ids":["https://openalex.org/A5114016360"],"corresponding_institution_ids":["https://openalex.org/I39661318"],"apc_list":null,"apc_paid":null,"fwci":2.1577,"has_fulltext":false,"cited_by_count":73,"citation_normalized_percentile":{"value":0.88572906,"is_in_top_1_percent":false,"is_in_top_10_percent":false},"cited_by_percentile_year":{"min":89,"max":99},"biblio":{"volume":"20","issue":"2","first_page":"345","last_page":"353"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10007","display_name":"Monetary Policy and Economic Impact","score":0.8223000168800354,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10007","display_name":"Monetary Policy and Economic Impact","score":0.8223000168800354,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11742","display_name":"Economic Theory and Policy","score":0.0869000032544136,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T12137","display_name":"Economic theories and models","score":0.0632999986410141,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/financial-institutions","display_name":"financial institutions","score":0.9810000061988831},{"id":"https://openalex.org/keywords/economic-performance","display_name":"economic performance","score":0.8259999752044678},{"id":"https://openalex.org/keywords/neutrality-of-money","display_name":"monetary neutrality","score":0.5640000104904175},{"id":"https://openalex.org/keywords/monetarism","display_name":"monetarism","score":0.9160000085830688},{"id":"https://openalex.org/keywords/business-cycles","display_name":"business cycles","score":0.6320000290870667},{"id":"https://openalex.org/keywords/real-output","display_name":"real output","score":0.6990000009536743},{"id":"https://openalex.org/keywords/employment","display_name":"employment","score":0.5849999785423279},{"id":"https://openalex.org/keywords/money-supply","display_name":"money supply","score":0.6539999842643738},{"id":"https://openalex.org/keywords/neoclassical-economics","display_name":"neoclassical economics","score":0.7459999918937683},{"id":"https://openalex.org/keywords/friedman","display_name":"Friedman","score":0.44200000166893005},{"id":"https://openalex.org/keywords/lucas","display_name":"LUCAS","score":0.847000002861023},{"id":"https://openalex.org/keywords/labor-market","display_name":"labor market","score":0.4300000071525574}],"concepts":[{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.464504212141037},{"id":"https://openalex.org/C73283319","wikidata":"https://www.wikidata.org/wiki/Q1416617","display_name":"Financial system","level":1,"score":0.42756617069244385},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.4241368770599365}],"mesh":[],"locations_count":2,"locations":[{"id":"doi:10.1080/00213624.1986.11504505","doi":"https://doi.org/10.1080/00213624.1986.11504505","is_oa":false,"landing_page_url":"https://doi.org/10.1080/00213624.1986.11504505","pdf_url":null,"source":{"id":"https://openalex.org/S93666758","display_name":"Journal of Economic Issues","issn_l":"0021-3624","issn":["0021-3624","1946-326X"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-b","anvur-scientific","cwts-core","jufo-1","norway-1","poland-40","russia-white-list-3","vabb-shw"],"host_organization":"https://openalex.org/P4310320547","host_organization_name":"Taylor & Francis","host_organization_lineage":["https://openalex.org/P4310320547","https://openalex.org/P4310320449"],"host_organization_lineage_names":["Taylor & Francis","Informa"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Journal of Economic Issues","raw_type":"journal-article"},{"id":"pmh:oai:RePEc:mes:jeciss:v:20:y:1986:i:2:p:345-353","doi":null,"is_oa":false,"landing_page_url":"http://hdl.handle.net/10.1080/00213624.1986.11504505","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"article"}],"best_oa_location":null,"sustainable_development_goals":[{"display_name":"Decent work and economic growth","score":0.5078999996185303,"id":"https://metadata.un.org/sdg/8"}],"study_designs":[],"awards":[],"funders":[],"has_content":{"grobid_xml":false,"pdf":false},"content_urls":null,"referenced_works_count":7,"referenced_works":["https://openalex.org/W40048283","https://openalex.org/W1496557982","https://openalex.org/W1537543935","https://openalex.org/W2013860961","https://openalex.org/W2095169544","https://openalex.org/W2323266160","https://openalex.org/W2345335135"],"related_works":["https://openalex.org/W2504653998","https://openalex.org/W1572321148","https://openalex.org/W2494516733","https://openalex.org/W7051160382","https://openalex.org/W2174385590","https://openalex.org/W3124468693","https://openalex.org/W7099668294","https://openalex.org/W1524632916","https://openalex.org/W4361734176","https://openalex.org/W97041692"],"abstract_inverted_index":{"Jack":[0],"Gurley":[1],"punctured":[2],"the":[3,26,35,47,52,68,79,87,90,97,110,114,129,137,178,190],"pretensions":[4],"of":[5,37,58,70,89,113,136,185],"Friedmanian":[6],"monetary":[7,44],"theory":[8,75],"some":[9],"twenty-five":[10],"years":[11],"ago":[12],"when":[13,25],"he":[14],"characterized":[15],"it":[16],"as":[17],"holding":[18],"that":[19,43,63,72,81],"6money":[20],"is":[21,40,65,107,117],"a":[22,118],"veil,":[23],"but":[24,42],"veil":[27],"flutters,":[28],"real":[29,53,138,198],"output":[30],"sputters.'":[31],"Gurley's":[32,94],"words":[33],"exposed":[34],"contradiction":[36],"monetarism-that":[38],"money":[39,64,82,179,191],"neutral":[41,66],"changes":[45,57,166,176,188,196],"are":[46,76,134,173],"main":[48],"causal":[49],"factors":[50],"in":[51,84,127,177,181,189,197],"income":[54],"and":[55,67,124,140,143,155,164,171],"employment":[56],"business":[59],"cycles.":[60],"The":[61],"proposition":[62],"axiom":[69],"reals":[71],"underlie":[73],"neoclassical":[74,115],"inconsistent":[77],"with":[78],"view":[80],"matters":[83],"anything":[85],"besides":[86],"determination":[88],"nominal":[91,162],"price":[92,163],"level.2":[93],"paradox":[95],"was":[96],"inspiration":[98],"for":[99],"Robert":[100],"E.":[101],"Lucas's":[102],"key":[103],"neutrality-of-money":[104],"paper.":[105],"As":[106],"well":[108],"known,":[109],"fundamental":[111],"construct":[112,148],"tradition":[116],"labor":[119],"market":[120],"represented":[121],"by":[122,150],"supply":[123,154,192],"demand":[125],"curves":[126],"which":[128,151],"quantities":[130],"supplied":[131],"or":[132,160],"demanded":[133],"functions":[135],"wage":[139,165],"employment.":[141],"Lucas,":[142],"Milton":[144],"Friedman":[145,172],"before":[146],"him,":[147],"mechanisms":[149],"those":[152,156],"who":[153,157],"demand,":[158],"interpret,":[159],"perceive":[161],"(which":[167],"to":[168,175,195],"both":[169],"Lucas":[170],"due":[174],"supply)":[180],"different":[182],"ways.":[183],"Because":[184],"these":[186],"imperfections,":[187],"will":[193],"lead":[194],"output.":[199],"In":[200],"Lu":[201]},"counts_by_year":[{"year":2026,"cited_by_count":6},{"year":2025,"cited_by_count":4},{"year":2024,"cited_by_count":4},{"year":2023,"cited_by_count":1},{"year":2022,"cited_by_count":5},{"year":2021,"cited_by_count":2},{"year":2020,"cited_by_count":1},{"year":2019,"cited_by_count":3},{"year":2018,"cited_by_count":3},{"year":2017,"cited_by_count":1},{"year":2016,"cited_by_count":3},{"year":2015,"cited_by_count":4},{"year":2014,"cited_by_count":3},{"year":2013,"cited_by_count":4},{"year":2012,"cited_by_count":3}],"updated_date":"2026-10-07T09:51:55.459714","created_date":"2016-06-24T00:00:00"}
