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.
Автор: Bertola, Luis; Ocampo, Jose Antonio Название: The Economic Development of Latin America since Independence ISBN: 0199662142 ISBN-13(EAN): 9780199662142 Издательство: Oxford Academ Рейтинг: Цена: 8237.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание: A comprehensive and accessible overview of the economic history of Latin America over the two centuries since Independence. It considers its principal problems and the main policy trends and covers external trade, economic growth, and inequality.
Автор: Joshua Hall Название: Explorations in Public Sector Economics ISBN: 3319478265 ISBN-13(EAN): 9783319478265 Издательство: Springer Рейтинг: Цена: 18167.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание: This book is a collection of never-before-published papers from some of the most prominent voices in public economics. Curated by the current director of the Public Choice Society, the papers presented showcase the work of recognized leaders in the field, including a Nobel Laureate (Gary Becker), Past Presidents of the Public Choice Society (Larry Kenny, Edward Lopez), the Past President of the Southern Economic Association (Dwight Lee) and some of the most notable public choice economists (Bruce Benson, Russell Sobel, JR Clark, Art Denzau, Morris Coats, Richard Vedder). Among the broad list of topics covered are voting, education quality, environmental issues, externality theory, and public goods theory. This volume makes an important contribution to the field by making new perspectives on a variety of topics accessible to researchers. This book will be of interest to economists, political scientists, and researchers interested in public policy.
Автор: Acemoglu Daron, Robinson James A. Название: Economic Origins of Dictatorship and Democracy ISBN: 0521671426 ISBN-13(EAN): 9780521671422 Издательство: Cambridge Academ Рейтинг: Цена: 4275.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание: This book is the first to use modern social science methodology systematically to explain why some countries are democracies while others are not. Why does democracy sometimes persist and consolidate while other times it collapses? The treatment shows that whether or not a society becomes democratic depends on several factors.
Автор: W. Leontief Название: Structure, System and Economic Policy ISBN: 052110906X ISBN-13(EAN): 9780521109062 Издательство: Cambridge Academ Рейтинг: Цена: 6018.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание: This is a volume of papers organized by Professor Leontief for the 1976 meeting of the Economics section of the British Association for the Advancement of Science.
Автор: Geoffrey E. Wood Название: Explorations in Economic Liberalism ISBN: 1349249696 ISBN-13(EAN): 9781349249695 Издательство: Springer Рейтинг: Цена: 17468.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание: This book contains a selection of the Wincott lectures, given by eminent economists (including four Nobel laureates). In addition, with economic discourse becoming more and more mathematically formulated, these lectures are a striking example of how important concepts can be communicated simply.
Автор: Vail, Mark I. Название: Liberalism in Illiberal States ISBN: 0190683996 ISBN-13(EAN): 9780190683993 Издательство: Oxford Academ Рейтинг: Цена: 3721.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание: After the end of the Cold War, liberalism emerged as the world's dominant political-economic ideology, and economic liberalism seemed to have achieved global hegemony. In Liberalism in Illiberal States, Mark Vail acknowledges the dominance of economic liberalism, but argues that its implementation in specific countries is always unique and dependent upon powerful historical factors. He focuses on France, Germany, and Italy--countries that many scholars do not view as liberal at all--and contends they have in fact developed distinct forms of national liberalism, of which their postwar models of capitalism were merely one manifestation. Vail argues that these states' political economies have been shaped by centuries-old liberal traditions, which have continued to inform national alternatives to transnational neoliberalism in the contemporary era. He presents case studies that show how nationally-specific interpretations of liberalism are flexible and responsive to local realities, especially in times of economic uncertainty. By demonstrating how variegated the practice of economic liberalism actually is, Liberalism in Illiberal States will reshape our understanding of liberal political economy in the contemporary world.
Описание: This book provides a clear and impartial analysis of the Eurozone crisis and what it means for the politics and economics of the Eurozone and European Union.
Описание: The purpose of this book is to reconsider economic liberalism from the viewpoint of political liberalism. Using an evolutionary perspective on economic liberalism, the book develops new arguments about how economic liberalism can be brought into line with political liberalism.
Автор: Fleurbaey Название: Justice, Political Liberalism, and Utilitarianism ISBN: 0521184290 ISBN-13(EAN): 9780521184298 Издательство: Cambridge Academ Рейтинг: Цена: 7445.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание: The utlitarian economist and Nobel Laureate John Harsanyi and the liberal egalitarian philosopher John Rawls were two of the most eminent scholars writing on problems of social justice in the last century. This volume pays tribute to Harsanyi and Rawls by investigating themes that figure prominently in their work.
Автор: Aranzadi Название: Liberalism against Liberalism ISBN: 0415493579 ISBN-13(EAN): 9780415493574 Издательство: Taylor&Francis Рейтинг: Цена: 7042.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание: In this key volume, an important read for those in the fields of economic theory and political economy, Aranzadi argues that whilst the tradition of Hayek and Mises encourages a humanistic liberalism, the Chicago School proposes a technical humanism.
Автор: Petsoulas Название: Hayek`s Liberalism and Its Origins ISBN: 0415862620 ISBN-13(EAN): 9780415862622 Издательство: Taylor&Francis Рейтинг: Цена: 7654.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание: By exploring the writings of Mandeville, Hume and Smith, this book offers a critique of Hayek`s theory of cultural evolution and explores the roots of his powerful defence of liberalism.
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