Adaptive Efficiency During the Great Recession, Robert Fritzsch
Автор: Braude Jacob, Eckstein Zvi, Fischer Stanley Название: The Great Recession: Lessons for Central Bankers ISBN: 0262018349 ISBN-13(EAN): 9780262018340 Издательство: MIT Press Цена: 5335.00 р. Наличие на складе: Нет в наличии.
In October 2008, as the U.S. economy plunged, the Federal Reserve began paying interest on banks' reserve balances. The resulting switch to a "floor system" of monetary control, in which changes in the interest rate on reserves, rather than reserve creation or destruction, became the Fed's chief tool for influencing economic activity, was to have far-reaching consequences--almost all of them regrettable.
Besides intensifying the downturn by causing banks to hoard reserves, the floor system all but destroyed the market for unsecured interbank loans that had been banks' ordinary "first resort" source of last-minute liquidity. By depriving the Fed's asset purchases of the ability to stimulate investment and spending, it also compelled the Fed to compensate by purchasing assets on an unprecedented scale. All of this resulted in a substantial increase in the Fed's role in allocating scarce credit. Finally, by severing the ordinary connection between the stance of monetary policy and the extent of the Fed's asset holdings, the floor system risks turning the Fed's balance sheet into a fiscal-policy playground.
Floored offers a matchless account of our post-crisis monetary system's history and shortcomings.
Автор: Arestis Название: Emerging Economies During and After the Great Recession ISBN: 113748554X ISBN-13(EAN): 9781137485540 Издательство: Springer Рейтинг: Цена: 15372.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание: The International Papers in Political Economy (IPPE) series explores the latest developments in political economy. This twelfth volume presents a collection of eight papers, examining the origins of the international financial crisis of 2007/2008 and the great recession by focusing on emerging countries.
Автор: Philip Arestis; M. Sawyer Название: Emerging Economies During and After the Great Recession ISBN: 1349559474 ISBN-13(EAN): 9781349559473 Издательство: Springer Рейтинг: Цена: 12157.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание: The International Papers in Political Economy (IPPE) series explores the latest developments in political economy. This twelfth volume presents a collection of eight papers, examining the origins of the international financial crisis of 2007/2008 and the great recession by focusing on emerging countries.
Описание: This book analyzes the status and position of African American men in the U.S. labor market prior to, during, and after the Great Recession. Using a model of occupational crowding, the book outlines how the representation of African American men in major occupational categories almost universally declined during the recent recession even as white non-Hispanic men were able to maintain their occupational representation in the face of staggering job losses. Using US Census Bureau data, this book illustrates how African American men sought to insulate their group from devastating job losses by increasing their educational attainment in a job market where employers exercised more leverage in hiring. However, this strategy was unable to protect this group from disparate job losses as African American men became further marginalized in the workforce during the Great Recession. Policy approaches to address high African American male unemployment are outlined in the final chapter.
Описание: This generation`s economic crisis has truly global reach, with repercussions reverberating throughout nations and across societies. Prabhakar investigates the world-wide depression, using empirical understanding and new data sets on indicator and policy variables.
Автор: Mejorado Название: Profitability and the Great Recession ISBN: 113824239X ISBN-13(EAN): 9781138242395 Издательство: Taylor&Francis Рейтинг: Цена: 7961.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание:
From the mid-1980s, investors in the US increasingly directed capital towards the financial sector at the expense of non-financial sectors, lured by the perception of higher profits. This flow of capital inflated asset prices, creating the stock market and housing bubbles which burst when the imbalance between stagnant incomes and rising debts triggered the banking meltdown. Profitability and the Great Recession analyses these trends in profitability and capital accumulation, which the authors identify as the root cause of the financial crisis, in the context of the US and other major OECD countries.
Drawing on insights from Adam Smith, David Ricardo, John Stuart Mill and Karl Marx, the authors interpret the relationship between capital accumulation and profitability trends through the conceptual lens of classical political economy. The book provides extensive empirical evidence of declining rates of US non-financial corporate accumulations from the mid-1960s and profitability trends in that sector falling from post-war highs. In contrast to this, it is shown that there was a vigorous rise of profitability in the financial sector from a 1982 trough to the early part of the twenty-first century, which led to the bloating of that sector. The authors conclude that the long-term falling accumulation trend in the non-financial corporate sector, highlighted by the bankruptcy of major automobile corporations, stands out as the underlying force that transformed the financial crisis into a fully-fledged Great Recession.
This book will be of interest to students and researchers in the areas of economics, political economy, business and finance.
Автор: Roberts, Michael (department Of Anthropology, Univ Название: Great recession ISBN: 144524408X ISBN-13(EAN): 9781445244082 Издательство: Неизвестно Рейтинг: Цена: 6156.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Автор: Hetzel Название: The Great Recession ISBN: 1107459605 ISBN-13(EAN): 9781107459601 Издательство: Cambridge Academ Рейтинг: Цена: 5069.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание: The 2008-9 recession destroyed the professional consensus about the kinds of models required to understand cyclical fluctuations, reviving credit-cycle explanations of recession that dominated nineteenth- and early twentieth-century thinking. These `market-disorder` views emphasize excessive risk taking in financial markets and the need for government regulation.
The Great Recession and its aftershocks, including the Eurozone banking and debt crisis, add up to the worst global economic crisis since the Great Depression of the 1930s. Although economic explanations for the Great Recession have proliferated, the political causes and consequences of the crisis have received less systematic attention. Politics in the New Hard Times is the first book to focus on the Great Recession as a political crisis, one with both political sources and political consequences.The authors examine variation in crises over time and across countries, rather than treating these events as undifferentiated shocks. Chapters also explore how crisis has forced the redefinition and reinforcement of interests at the level of individual attitudes and in national political coalitions. Throughout, the authors stress that the Great Recession is only the latest in a long history of international economic crises with significant political effects—and that it is unlikely to be the last.Contributors: Suzanne Berger, MIT; J. Lawrence Broz, University of California, San Diego; Peter Cowhey, University of California, San Diego; Peter A. Gourevitch, University of California, San Diego; Stephan Haggard, University of California, San Diego; Peter A. Hall, Harvard University; Miles Kahler, University of California, San Diego; Peter J. Katzenstein, Cornell University; Ikuo Kume, Waseda University; David A. Lake, University of California, San Diego; Megumi Naoi, University of California, San Diego; Stephen C. Nelson, Northwestern University; Pablo Pinto, Columbia University; James Shinn, Princeton University
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