INTERREGIONAL ARBITRAGE AND THE SUPPLY OF LOANABLE FUNDS: A MODEL OF INTERMEDIATE FINANCIAL CAPITAL MOBILITY*

ABSTRACT This paper develops a model of regional financial markets which can encompass different degrees of spatial financial integration. The behavior of the system is analyzed under alternative assumptions about the time frame of analysis and the extent of the flexibility of interest rates. It is argued that links may exist between regional real and financial sectors even in the short run and that such links must, through the regional balance of payments, exist in the long run, even where there is perfect financial spatial integration. It is observed that these relationships have generally been ignored by regional economic model builders.     

Romantische Naturkunde - Die Doppelsinnigkeit der Naturbildung des Bernhard Heinrich Blasche (1766-1832)

Naturbildung, written by B. H. Blasche in 1815, seems a typical philanthropic study about science education private organized. But it also demonstrates romantic philosophy influences, which led at least from describing natural history to biology. There was no success in Blasche's reformatory efforts: first reason because the idea of private education-institution was out of discussion. Second reason was, on the way to stateorganized schoolsystem in Germany classic philology dominated and repressed deeply science education.     

Rowley on the aboriginal condition

C. D. Rowley, Aboriginal Policy and Practice, Australian National University Press, Canberra, 1970–71: Volume I, The Destruction of Aboriginal Society, pp. xii + 430; Volume II, Outcasts in White Australia, pp. xiv + 472; Volume III, The Remote Aborigines, pp. vii + 379. $6.50 per volume. All three also in Penguin, Melbourne, 1972, at $2.50 per volume.