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: Hozic Aida A., True Jacqui Название: Scandalous Economics: Gender and the Politics of Financial Crises ISBN: 0190204249 ISBN-13(EAN): 9780190204242 Издательство: Oxford Academ Рейтинг: Цена: 5463.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание: While feminist economists and movements such as Occupy Wall Street have pointed to the distributional inequalities that are an effect of financial deregulation, scholars haven`t really grappled with the representational inequalities inherent in the way we view the politics of the market. Scandalous Economics breaks new ground by doing precisely this.
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.
Описание: Sustainable livelihoods and ecosystems are far-reaching and burning issues in the wake of high growth of population, low production and per ha yield of crops and depletion of biodiversity resources.
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.
Описание: This book builds on the recent publications on cities and climate change, resilient cities and coasts, and sustainable cities, and looks at the ways in which current planning approaches will need to be adapted to embrace concepts including green growth, planetary boundaries, healthy cities and longer-term sustainability.
Название: Regions, Globalization and the Knowledge-Based Economy ISBN: 0199250014 ISBN-13(EAN): 9780199250011 Издательство: Oxford Academ Рейтинг: Цена: 16236.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание: How can we explain the paradox of growing transnationalization of the production of goods and services and the tendency for certain kinds of activities to be concentrated or clustered in one place? In today`s changing economic environment how do firms make decisions about location and the development and deployment of their capabilities?
Автор: Kjell Ostrom; Dudley Seers Название: The Crises of the European Regions ISBN: 1349065900 ISBN-13(EAN): 9781349065905 Издательство: Springer Рейтинг: Цена: 9781.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание: Why are banking systems unstable in so many countries--but not in others? The United States has had twelve systemic banking crises since 1840, while Canada has had none. The banking systems of Mexico and Brazil have not only been crisis prone but have provided miniscule amounts of credit to business enterprises and households. Analyzing the politic
Автор: Bilginsoy Название: A History of Financial Crises ISBN: 041568725X ISBN-13(EAN): 9780415687256 Издательство: Taylor&Francis Рейтинг: Цена: 9798.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание:
"Once-in-a-lifetime" financial crises have been a recurrent part of life in the last three decades. It is no longer possible to dismiss or ignore them as aberrations in an otherwise well-functioning system. Nor are they peculiar to recent times. Going back in history, asset price bubbles and bank-runs have been an endemic feature of the capitalist system over the last four centuries. The historical record offers a treasure trove of experience that may shed light on how and why financial crises happen and what can be done to avoid them - provided we are willing to learn from history.
This book interweaves historical accounts with competing economic crisis theories and reveals why commentaries are often contradictory. First, it presents a series of episodes from tulip mania in the 17th century to the subprime mortgage meltdown. In order to tease out their commonalities and differences, it describes political, economic, and social backgrounds, identifies the primary actors and institutions, and explores the mechanisms behind the asset price bubbles, crashes, and bank-runs. Second, it starts with basic economic concepts and builds five competing theoretical approaches to understanding financial crises. Competing theoretical standpoints offer different interpretations of the same event, and draw dissimilar policy implications.
This book analyses divergent interpretations of the historical record in relation to how markets function, the significance of market imperfections, economic decision-making process, the role of the government, and evolutionary dynamics of the capitalist system. Its diverse theoretical and historical content of this book complements economics, history and political science curriculum.
Описание: This book explains why governments respond differently to macroeconomic problems and why necessary reforms are sometimes delayed until a serious financial crisis erupts. Empirical analyses at both the individual level across a broad range of countries and case studies of national policy responses to financial and economic crises in Asia and Eastern Europe support the argument.
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