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.
Название: Dilemmas of European Integration ISBN: 0199556806 ISBN-13(EAN): 9780199556809 Издательство: Oxford Academ Рейтинг: Цена: 44870.00 T Наличие на складе: Есть у поставщика Поставка под заказ. Описание: This major new statement from a leading European scholar provides a trenchant analysis of the pitfalls and ambiguities of 50 years of European integration, without losing sight of its benefits.
Автор: Borzel Tanja A. Название: States and Regions in the European Union: Institutional Adaptation in Germany and Spain ISBN: 0521008603 ISBN-13(EAN): 9780521008600 Издательство: Cambridge Academ Рейтинг: Цена: 33790.00 T Наличие на складе: Есть у поставщика Поставка под заказ. Описание: This book argues that Europeanization`s effect on the politics and institutions of EU states depends on the degree of conflict between European and domestic norms. She examines the relationship between the central state and regions in Germany and Spain, showing how Europeanization has weakened regional powers, but in strikingly different ways.
Автор: Fioramonti Название: Regions and Crises ISBN: 0230348785 ISBN-13(EAN): 9780230348783 Издательство: Springer Рейтинг: Цена: 74530.00 T 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.
Автор: Lorenzo Fioramonti Название: Regions and Crises ISBN: 1349345792 ISBN-13(EAN): 9781349345793 Издательство: Springer Рейтинг: Цена: 74530.00 T 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.
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: Dоlvik Jon Название: European Social Models From Crisis to Crisis: Employment and Inequality in the Era of Monetary Integration ISBN: 0198717962 ISBN-13(EAN): 9780198717966 Издательство: Oxford Academ Рейтинг: Цена: 93990.00 T Наличие на складе: Есть у поставщика Поставка под заказ. Описание: This book analyzes how the transformation of the European political economiesstretching from the crisis after German re-unification and through the Great Recessionhas influenced the social models, employment, and inequality in Western
Автор: Le Galиs Patrick Название: Reconfiguring European States in Crisis ISBN: 0198793375 ISBN-13(EAN): 9780198793373 Издательство: Oxford Academ Рейтинг: Цена: 124080.00 T Наличие на складе: Поставка под заказ. Описание: This book examines the changing nature and role of the contemporary European state, and the making of a transnational capitalist member state in Europe.
Автор: Donnelly, Shawn. Название: The regimes of European integration : ISBN: 0199579407 ISBN-13(EAN): 9780199579402 Издательство: Oxford Academ Рейтинг: Цена: 98210.00 T Наличие на складе: Есть у поставщика Поставка под заказ. Описание: The Regimes of European Integration shows why international regimes get built or not and whether national governments delegate to the international level. It contains case studies in economic and social regulation in Germany, the UK, and within the European Union.
Автор: Clark, Gordon L. Название: European Pensions and Global Finance ISBN: 0199253641 ISBN-13(EAN): 9780199253647 Издательство: Oxford Academ Рейтинг: Цена: 33250.00 T Наличие на складе: Есть у поставщика Поставка под заказ. Описание: This volume argues that state-sponsored social security will not deliver promised retirement incomes for the baby-boom generation. The author considers the future of pensions and in particular the prospects for a pan-European approach to retirement income provision.
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