An examination of Liquidity Crunch in triggering and characterizing financial crises.
Since the subprime mortgage crisis that began in 2007, advanced economies have felt a nagging sense of insecurity. In parallel, the profession has witnessed phenomena that are alien to mainstream macroeconomic models. Financial crises are systemic, occurring simultaneously in different economies. In this book, Guillermo Calvo focuses on liquidity factors as a commonality in financial crises. Specifically, he examines the role of "liquidity crunch" in triggering crises. He also identifies a fundamental (but overlooked) idea in Keynes's General Theory, termed by Calvo the price theory of money, to rationalize the resiliency of the U.S. dollar when other dollar-backed assets suffered a devastating liquidity crunch.
Calvo shows that a sharp focus on liquidity reveals some characteristics of liquid assets that are easy to miss otherwise. He argues for liquidity's centrality, presenting what he calls the Liquidity Approach. He shows that simple extensions of standard monetary models help rationalize the implications of the liquidity crunch, and then examines slightly more technical models that highlight liquidity issues. He explores the empirical effects of liquidity crunch by studying systemic sudden stops (of capital inflows), presuming that they are triggered by liquidity crunch-type phenomena.
Описание: This book explores innovation and economic growth in developing countries on both the macroeconomic and microeconomic levels. It provides theoretical and empirical research with a particular focus on small and medium-sized businesses.
Описание: Examining the policies of the Thatcher governments helps us understand the economic and social conditions in Britain today. The book explores Thatcherite policies on the economy, social welfare, housing, education, crime, families, and social inequality, and examines what can be said about the legacy of Thatcherism for the 21st century.
Описание: Rather than simply retell the story of British economic policymaking since World War II, this book draws upon the literatures on institutional path dependence, economic constructivism and political economy to explain this puzzle.
Автор: P.K. Rao Название: The Architecture of Green Economic Policies ISBN: 3642428452 ISBN-13(EAN): 9783642428456 Издательство: Springer Рейтинг: Цена: 16769.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание: Based on new insights on sustainable development, this book provides pragmatic approaches for economic policies and implementation, in addition to institutional reform. Topics include trade, poverty, recognition and factor limitations.
Описание: In examining alternative economic policies for the EU after the rejection of the European Constitution, this book covers: macroeconomic policy and the European Constitution; EU financial integration; reform of European regional policy; assessment and alternative proposals on European structural policies; and labour market policies in the EU.
Автор: Arestis Название: Economic and Monetary Union Macroeconomic Policies ISBN: 0230232221 ISBN-13(EAN): 9780230232228 Издательство: Springer Рейтинг: Цена: 13974.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание: This book focuses on the construction of the economic policies of the Economic and Monetary Union (EMU) and its institutions. It reviews the faltering economic performance of the EMU countries before and after the onset of the financial crisis.
Автор: Daniels Название: Global Economic Issues and Policies ISBN: 1138244171 ISBN-13(EAN): 9781138244177 Издательство: Taylor&Francis Рейтинг: Цена: 6600.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание:
This introduction to all aspects of international economics, business and finance is the clearest guide available to the economics of the world we live in. Written in a highly engaging style, packed full of up-to-the minute, real-world case studies and pitched at introductory level, the book does an expert job of drawing students in and will leave them equipped with a comprehensive toolkit of methods and essential facts.
Now in its fourth edition, Global Economic Issues and Policies reflects continuing changes in the world economy and in the analysis of international economics. Chapter introductions, pedagogy and data have all been thoroughly updated throughout, including the addition of a new 'Issues & Policies Notebook' feature. Key topics for expansion and revision include:
Evolution of Comparative Advantage
Import Quotas and Subsidies
Services in Regional and Multilateral Trade Agreements
Balance of Payments Accounting
Unconventional Central Bank Policies
Territorial versus Worldwide Taxation and "Tax Inversions"
The role of Foreign Exchange Markets and Exchange-Rate Arrangements
Public Policy Issues in International Money and Finance
The text, which also offers a comprehensive companion website, is suitable for any introductory module in international economics and business, whether taught as part of an economics, business or international studies program. The text is also the ideal MBA level introduction to the global economy.
Автор: Nicos Christodoulakis Название: How Crises Shaped Economic Ideas and Policies ISBN: 3319168703 ISBN-13(EAN): 9783319168708 Издательство: Springer Рейтинг: Цена: 13974.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание: This book explores how successful the various tenets of economic thought have been in prognosticating or remedying economic crises. Examining key episodes in economic history, from famines in antiquity to present-day financial collapse, the author finds that several theories failed to cope with a crisis and lost their academic impact.
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