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: Donnelly, Shawn. Название: The regimes of European integration : ISBN: 0199579407 ISBN-13(EAN): 9780199579402 Издательство: Oxford Academ Рейтинг: Цена: 14731.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание: The Regimes of European Integration shows why international regimes get built or not and whether national governments delegate to the international level. It contains case studies in economic and social regulation in Germany, the UK, and within the European Union.
Описание: This book argues that Europeanization`s effect on the politics and institutions of EU states depends on the degree of conflict between European and domestic norms. She examines the relationship between the central state and regions in Germany and Spain, showing how Europeanization has weakened regional powers, but in strikingly different ways.
Автор: Le Galиs Patrick Название: Reconfiguring European States in Crisis ISBN: 0198793375 ISBN-13(EAN): 9780198793373 Издательство: Oxford Academ Рейтинг: Цена: 18612.00 р. Наличие на складе: Поставка под заказ.
Описание: This book examines the changing nature and role of the contemporary European state, and the making of a transnational capitalist member state in Europe.
Описание: This book is open access under a CC BY license. This book presents a study of capacity building and structural funds in public managing authorities for the microcredit sector.
Автор: Fioramonti Название: Regions and Crises ISBN: 0230348785 ISBN-13(EAN): 9780230348783 Издательство: Springer Рейтинг: Цена: 11179.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание: Investigates the intimate relationship between regional governance processes and global crises. Analysing the current turmoil in the European Union, it also looks at regional cooperation and integration in the Arab world, Africa, Asia and Latin America through topical case studies.
Автор: Lorenzo Fioramonti Название: Regions and Crises ISBN: 1349345792 ISBN-13(EAN): 9781349345793 Издательство: Springer Рейтинг: Цена: 11179.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание: Investigates the intimate relationship between regional governance processes and global crises. Analysing the current turmoil in the European Union, it also looks at regional cooperation and integration in the Arab world, Africa, Asia and Latin America through topical case studies.
Название: Dilemmas of European Integration ISBN: 0199556806 ISBN-13(EAN): 9780199556809 Издательство: Oxford Academ Рейтинг: Цена: 6730.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание: This major new statement from a leading European scholar provides a trenchant analysis of the pitfalls and ambiguities of 50 years of European integration, without losing sight of its benefits.
Описание: This book analyzes how the transformation of the European political economiesstretching from the crisis after German re-unification and through the Great Recessionhas influenced the social models, employment, and inequality in Western
Описание: This book assesses the changing nature of the global political economy of energy and the European Union`s response.
Автор: Clark, Gordon L. Название: European Pensions and Global Finance ISBN: 0199253641 ISBN-13(EAN): 9780199253647 Издательство: Oxford Academ Рейтинг: Цена: 4988.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание: This volume argues that state-sponsored social security will not deliver promised retirement incomes for the baby-boom generation. The author considers the future of pensions and in particular the prospects for a pan-European approach to retirement income provision.
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