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: Hufbauer, Gary Clyde et al Название: Economic Sanctions Reconsidered ISBN: 0881324124 ISBN-13(EAN): 9780881324129 Издательство: Mare Nostrum (Eurospan) Рейтинг: Цена: 4337.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание: Economic sanctions continue to play an important role in the response to terrorism, nuclear proliferation, military conflicts, and other foreign policy crises. This title delves into the rich experience of sanctions in the 20th century to harvest lessons on how to use sanctions more effectively.
Автор: Eyler R. Название: Economic Sanctions ISBN: 1403974632 ISBN-13(EAN): 9781403974631 Издательство: Springer Рейтинг: Цена: 13974.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание: This book looks at economic sanctions, using a political economy foundation. The author investigates the effectiveness of sanctions and the human suffering caused by them from a political and economic vantage, addressing political decisions, case studies, and game theory explanations, as well as discussing the future of sanctions as statecraft.
Автор: Sheng Название: Economic Openness and Territorial Politics in China ISBN: 1107507421 ISBN-13(EAN): 9781107507425 Издательство: Cambridge Academ Рейтинг: Цена: 5069.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание: This book is concerned with the causes and consequences of the evolving political ties that bond the national-level political authorities and their subnational units under growing economic openness, with an empirical focus on post-1978 China.
Автор: Smith, Andy Название: The Politics of economic activity ISBN: 0198788150 ISBN-13(EAN): 9780198788157 Издательство: Oxford Academ Рейтинг: Цена: 13781.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание: This volume examines the fundamental nature of the relationship between politics and economics, and proposes a new definition of politics; the mobilization of values to change or reproduce the institutions that orientate, and indeed make possible, economic activity.
Автор: Acemoglu, Daron Название: Economic Origins of Dictatorship and Democracy ISBN: 0521855268 ISBN-13(EAN): 9780521855266 Издательство: Cambridge Academ Рейтинг: Цена: 12672.00 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: Peter Nijkamp; Aura Reggiani Название: Nonlinear Evolution of Spatial Economic Systems ISBN: 3642784658 ISBN-13(EAN): 9783642784651 Издательство: Springer Рейтинг: Цена: 15372.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание: But despite the myriad of questions on problems of nonlinear evolution, one common trait is evident: in both the natural and the social sciences we are still groping in the dark in areas which are par excellence promising hunting grounds for exploratory and exploratory research, viz.
Автор: C. Ponsard; B.H. Stevens; M. Chevaillier; J.P. Puj Название: History of Spatial Economic Theory ISBN: 3642821278 ISBN-13(EAN): 9783642821271 Издательство: Springer Рейтинг: Цена: 18167.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание: The concept of space has always been a fundamental element in various branches of knowledge. To indicate the founding of Rome, Romulus started by drawing the boundaries, locating its landmarks in a discontinuous space after having cut the limits of a continuous space.
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.
Название: Economic Policy : Theory and Practice ISBN: 0195322738 ISBN-13(EAN): 9780195322736 Издательство: Oxford Academ Рейтинг: Цена: 16236.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание: Written by four recognized experts with senior experience in research and government, this text is the first comprehensive survival kit for students and practitioners of economic policy. It is set to become an indispensable resource for everyone involved or interested in modern economic policy. Academic scholars willing to engage in policy discussions and students at graduate or advanced undergraduate levels will find it an essential bridge to the policy world. What makes the book unique is that it combines like no other, facts-based analysis, state-of-the art theories and models, and insights from first-hand policy experience at national and international levels. The book has grown out of ten years of experience teaching economic policy at the graduate level. It provides an intellectually coherent framework to understand the potentialities and limits of economic policy. It addresses positive dimensions (how do policies impact on modern economies?), normative dimensions (what should policymakers aim to achieve and against what should their action be judged?) and political-economy constraints (which are the limits and obstacles to public intervention?). It fills an important gap by reconciling in each major policy area stylized facts of recent economic history, key questions faced by contemporary policymakers, and essential lessons from theory which are captured and explained in a clear, concise, and self-contained way. All major areas of domestic and international policymaking are covered: fiscal policy, monetary policy, international finance and exchange-rate policy, tax policy, and long-term growth policies. The book concludes with a special chapter on the lessons of the financial crisis. The authors are intellectually non-partisan and they draw examples from various countries and experiences; from emerging markets to developing economies, shedding light when necessary on local specificities such as European Union rules and instruments. Economic Policy: Theory and Practice is the essential guide to economic policy in the new post-crisis context.
Автор: Yasuhide Okuyama; Stephanie E. Chang Название: Modeling Spatial and Economic Impacts of Disasters ISBN: 3642059856 ISBN-13(EAN): 9783642059858 Издательство: Springer Рейтинг: Цена: 29209.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание: In 1993, Barclay organized the first of a series of sessions on "Measuring Regional Economic Effects of Unscheduled Events" at the North American Meetings of the Regional Science Association International (RSAI).
Автор: Chang Michele Название: Economic and Monetary Union ISBN: 1137342935 ISBN-13(EAN): 9781137342935 Издательство: Springer Рейтинг: Цена: 6402.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание: This comprehensive introductory text looks at the economic and monetary integration of the EU. It examines the evolution and developments of the EMU from the Werner Plan in the 1960s to the eurozone crisis and subsequent reforms to financial policy. It includes detailed analysis of EMU institutions and assesses the impact of monetary union.
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