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: DALE W. JORGENSON Название: MEASURING ECONOMIC SUSTAINABILITY AND PROGRESS ISBN: 022612133X ISBN-13(EAN): 9780226121338 Издательство: Wiley Рейтинг: Цена: 118270.00 T Наличие на складе: Поставка под заказ. Описание: The latest in the NBER`s influential Studies in Income and Wealth series, which has played a key role in the development of national account statistics in the United States and other nations, this book explores collaborative solutions between academics, policy researchers, and official statisticians to economic measurement challenges.
Автор: Chang Michele Название: Economic and Monetary Union ISBN: 1137342935 ISBN-13(EAN): 9781137342935 Издательство: Springer Рейтинг: Цена: 42680.00 T 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.
Автор: Smith, Andy Название: The Politics of economic activity ISBN: 0198788150 ISBN-13(EAN): 9780198788157 Издательство: Oxford Academ Рейтинг: Цена: 91870.00 T 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: 84480.00 T 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: Youngmi Kim Название: Korea`s Quest for Economic Democratization ISBN: 331957065X ISBN-13(EAN): 9783319570655 Издательство: Springer Рейтинг: Цена: 111790.00 T Наличие на складе: Есть у поставщика Поставка под заказ. Описание: The contributions offer perspectives on this wide-ranging socio-political change by examining the transformation of organized labour, civil society, the emergence of new cleavages in society, and the growing ethnic diversity of Korea`s population.
Автор: Dyson, Kenneth H. F. Название: European economic governance and policies ISBN: 019959452X ISBN-13(EAN): 9780199594528 Издательство: Oxford Academ Рейтинг: Цена: 176880.00 T Наличие на складе: Невозможна поставка. Описание: European Economic Governance and Policies brings together for the first time - and offers analytical commentary on - the classic documents relevant to the process of constructing and developing European economic governance based on Economic and Monetary Union.
Автор: Robert Castley Название: Korea`s Economic Miracle ISBN: 0333644565 ISBN-13(EAN): 9780333644560 Издательство: Springer Рейтинг: Цена: 172350.00 T Наличие на складе: Есть у поставщика Поставка под заказ. Описание: This book examines therefore in detail the impact of Japan`s economic growth on the Korean economy, in particular the stimulating effects of trade, sub-contracting, relocation of industry, investment, loans and technology transfer.
Автор: Robert Castley Название: Korea`s Economic Miracle ISBN: 1349258350 ISBN-13(EAN): 9781349258352 Издательство: Springer Рейтинг: Цена: 163040.00 T Наличие на складе: Есть у поставщика Поставка под заказ. Описание: This book examines therefore in detail the impact of Japan`s economic growth on the Korean economy, in particular the stimulating effects of trade, sub-contracting, relocation of industry, investment, loans and technology transfer.
Автор: Haggard Название: Economic Crisis and Corporate Restructuring in Korea ISBN: 0521131715 ISBN-13(EAN): 9780521131711 Издательство: Cambridge Academ Рейтинг: Цена: 35910.00 T Наличие на складе: Есть у поставщика Поставка под заказ. Описание: In a comprehensive and broad-ranging volume, leading scholars in economics and political science consider the problem of Korean business conglomerates - or chaebol as they are known - in the wake of the Asian financial crisis. They analyse the government`s response to the crisis, and outline an agenda for long-term reform.
Автор: Euijune Kim; Brian H. S. Kim Название: Quantitative Regional Economic and Environmental Analysis for Sustainability in Korea ISBN: 9811002983 ISBN-13(EAN): 9789811002984 Издательство: Springer Рейтинг: Цена: 107130.00 T Наличие на складе: Есть у поставщика Поставка под заказ. Описание: This book focuses on the application of newly innovated analytical tools for sustainable development on regional economic and environmental issues in Korea. With a range of case studies, the authors explore a series of theoretical models and empirical methods including spatial CCE Model, multiregional Input-Output and econometric analysis, logit model, contingent valuation method, GIS, sample selection model, machine learning technique, stochastic frontier analysis, and panel analysis. These models and methods are tailored to spatial development issues such as agglomeration, clustering and industrial innovation, human capital and labor market, education and R&D investments and economic resilience for regional economies and unexpected disaster, and natural resources for environmental markets. Quantitative Regional Economic and Environmental Analysis for Sustainability in Korea is of particular interest to policy makers and practitioners, as well as research scholars active in sustainability science.
Автор: Kim Woo-Jin Название: Economic Growth, Low Income and Housing in South Korea ISBN: 0333660994 ISBN-13(EAN): 9780333660997 Издательство: Springer Рейтинг: Цена: 139750.00 T Наличие на складе: Есть у поставщика Поставка под заказ. Описание: This work argues that just as housing has played a central part in the development - and more recent slowdown - of Korea`s economy, housing policies may contribute to resisting the destructive forces that the probable reunification of North and South will bring, and create hope for the future.
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