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: Nyborg, K. Название: Collateral Frameworks.The Open Secret of Central Banks ISBN: 1316609545 ISBN-13(EAN): 9781316609545 Издательство: Cambridge Academ Рейтинг: Цена: 6494.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание: This book is for academic monetary and financial economists, as a supplementary text in graduate courses and seminars, and for practitioners in banking and policy-making institutions. It is the first study of the importance of collateral frameworks in monetary policy, focusing on the euro, the euro crisis, and the European Central Bank.
Автор: LeRoy Название: Principles of Financial Economics ISBN: 110767302X ISBN-13(EAN): 9781107673021 Издательство: Cambridge Academ Рейтинг: Цена: 6653.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание: This second edition provides a rigorous yet accessible graduate-level introduction to financial economics, retaining its emphasis on the link between financial economics and equilibrium theory. Updates include more focus on portfolio choice and risk allocations. New chapters address infinite-time security markets, exploring, among other topics, the possibility of price bubbles.
Автор: Paul Mizen et all Название: Macroprudential policy and practice ISBN: 1108419909 ISBN-13(EAN): 9781108419901 Издательство: Cambridge Education Рейтинг: Цена: 21780.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание: Macroprudential policy is perhaps the most important development in central bank policymaking circles since the global financial crisis, and reliance on such policies continues to spread. This is a guide to the latest theoretical developments, showing how they relate to monetary policy, and supported by empirical evidence from many countries.
Автор: Richard Thomas Curtin Название: Consumer Expectations: Micro Foundations and Macro Impact ISBN: 0521181135 ISBN-13(EAN): 9780521181136 Издательство: Cambridge Academ Рейтинг: Цена: 6811.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание: Richard Curtin has directed the University of Michigan`s consumer sentiment surveys for more than four decades. His analyses of recent trends in consumer expectations are regularly covered in the worldwide press. In this book, Curtin presents a new theory of expectations, consistent with both micro data observations and macro environment.
Автор: Krugman Paul, Wells Robin Название: Macroeconomics, 3rd edition ISBN: 1429283432 ISBN-13(EAN): 9781429283434 Издательство: Macmillan Цена: 9312.00 р. Наличие на складе: Поставка под заказ.
Описание: When it comes to explaining current economic conditions, there is no economist readers trust more than New York Times columnist and Nobel laureate Paul Krugman. Term after term, Krugman is earning that same level of trust in the classroom, with more and more instructors introducing students to the fundamental principles of economics via Krugman's signature storytelling style. The new Third Edition of Paul Krugman and Robin Wells's Economics is their most accomplished yet--extensively updated to offer new examples and stories, new case studies from the business world, and expert coverage of the ongoing financial crisis.
Watch a video interview of Paul Krugman here.
Автор: De Vroey Название: A History of Macroeconomics from Keynes to Lucas and Beyond ISBN: 1107584949 ISBN-13(EAN): 9781107584945 Издательство: Cambridge Academ Рейтинг: Цена: 6494.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание: This book retraces the history of macroeconomics from Keynes`s General Theory to the present, especially the contrast between a Keynesian era and a Lucasian - or dynamic stochastic general equilibrium (DSGE) - era. It also examines a few selected works aimed at presenting alternatives to Lucasian macroeconomics.
Автор: de La Grandville Название: Economic Growth ISBN: 110711523X ISBN-13(EAN): 9781107115231 Издательство: Cambridge Academ Рейтинг: Цена: 22018.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание: The second edition of this user-friendly book provides a clear and original introduction to the theory of economic growth. The book has been fully updated to incorporate several important new results and proofs, and offers a new solution to the fundamental question: how much should a nation save and invest?
Автор: Nyborg Название: Collateral Frameworks ISBN: 1107155843 ISBN-13(EAN): 9781107155848 Издательство: Cambridge Academ Рейтинг: Цена: 15682.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание: This book is for academic monetary and financial economists, as a supplementary text in graduate courses and seminars, and for practitioners in banking and policy-making institutions. It is the first study of the importance of collateral frameworks in monetary policy, focusing on the euro, the euro crisis, and the European Central Bank.
Автор: De Vroey Название: A History of Macroeconomics from Keynes to Lucas and Beyond ISBN: 0521898439 ISBN-13(EAN): 9780521898430 Издательство: Cambridge Academ Рейтинг: Цена: 20117.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание: This book retraces the history of macroeconomics from Keynes`s General Theory to the present, especially the contrast between a Keynesian era and a Lucasian - or dynamic stochastic general equilibrium (DSGE) - era. It also examines a few selected works aimed at presenting alternatives to Lucasian macroeconomics.
Название: Exploring the future of russia`s economy and markets ISBN: 1787693988 ISBN-13(EAN): 9781787693982 Издательство: Emerald Рейтинг: Цена: 15476.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание: Based on the 2017 conference "`New Reality` and Russian Markets" held at Harvard University, this book brings together world-renowned thinkers to offer the latest empirical research on recent financial risks, institutional policies, and financial stability.
Описание: Understanding the Ground Rules for the Global EconomyIn this revised and updated edition of A Concise Guide to Macroeconomics, David A. Moss draws on his years of teaching at Harvard Business School to explain important macro concepts using clear and engaging language. This guidebook covers the essentials of macroeconomics and examines, in a simple and intuitive way, the core ideas of output, money, and expectations.
Early chapters leave you with an understanding of everything from fiscal policy and central banking to business cycles and international trade. Later chapters provide a brief monetary history of the United States as well as the basics of macroeconomic accounting. You'll learn why countries trade, why exchange rates move, and what makes an economy grow.
Moss's detailed examples will arm you with a clear picture of how the economy works and how key variables impact business and will equip you to anticipate and respond to major macroeconomic events, such as a sudden depreciation of the real exchange rate or a steep hike in the federal funds rate. Read this book from start to finish for a complete overview of macroeconomics, or use it as a reference when you're confronted with specific challenges, like the need to make sense of monetary policy or to read a balance of payments statement. Either way, you'll come away with a broad understanding of the subject and its key pieces, and you'll be empowered to make smarter business decisions.
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