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: Feenstra Robert C Название: International Macroeconomics ISBN: 1429278439 ISBN-13(EAN): 9781429278430 Издательство: Springer Рейтинг: Цена: 65210.00 T Наличие на складе: Поставка под заказ. Описание: Feenstra/Taylor offers the right amount of book for your course. International Macroeconomics is available as a separate volume for the international finance module. The text seamlessly integrates established core content with topic areas and ideas that have emerged from recent empirical studies.
Автор: Romer David Название: Advanced Macroeconomics 4 edition ISBN: 0073511374 ISBN-13(EAN): 9780073511375 Издательство: McGraw-Hill Рейтинг: Цена: 74350.00 T Наличие на складе: Невозможна поставка. Описание: David Romer`s Advanced Macroeconomics, 4e, continues its tradition as the standard text and the starting point for graduate macroeconomic courses and helps lay the groundwork for students to begin doing research in macroeconomics and monetary economics. This well-respected and well-known text is unique in the marketplace.
Автор: Hoover Название: Applied Intermediate Macroeconomics ISBN: 1107436826 ISBN-13(EAN): 9781107436824 Издательство: Cambridge Academ Рейтинг: Цена: 49630.00 T Наличие на складе: Есть у поставщика Поставка под заказ. Описание: This textbook offers a complete course in applied macroeconomics at the intermediate level that emphasizes the application of economic theory to real-world data and policy. The text is unique in developing a detailed toolkit of elementary statistics and graphical techniques for economic data.
Автор: A.B. Atkinson Название: Handbook of Income Distribution,1 ISBN: 0444816313 ISBN-13(EAN): 9780444816313 Издательство: Elsevier Science Рейтинг: Цена: 120150.00 T Наличие на складе: Поставка под заказ. Описание: It has become common to have income distribution variables playing a pivotal role in economic models. The interest in the relationship between growth and distribution is a good example of this. This handbook provides a multi-faceted view for a deep understanding of most issues in the field of distribution.
Автор: Blanchard, Olivier Jean Fischer, Stanley Название: Lectures on macroeconomics ISBN: 0262022834 ISBN-13(EAN): 9780262022835 Издательство: MIT Press Рейтинг: Цена: 112860.00 T Наличие на складе: Нет в наличии. Описание:
The main purpose of Lectures on Macroeconomics is to characterize and explain fluctuations in output, unemployment and movement in prices.
Lectures on Macroeconomics provides the first comprehensive description and evaluation of macroeconomic theory in many years. While the authors' perspective is broad, they clearly state their assessment of what is important and what is not as they present the essence of macroeconomic theory today.The main purpose of Lectures on Macroeconomics is to characterize and explain fluctuations in output, unemployment and movement in prices. The most important fact of modern economic history is persistent long term growth, but as the book makes clear, this growth is far from steady. The authors analyze and explore these fluctuations.
Topics include consumption and investment; the Overlapping Generations Model; money; multiple equilibria, bubbles, and stability; the role of nominal rigidities; competitive equilibrium business cycles, nominal rigidities and economic fluctuations, goods, labor and credit markets; and monetary and fiscal policy issues. Each of chapters 2 through 9 discusses models appropriate to the topic. Chapter 10 then draws on the previous chapters, asks which models are the workhorses of macroeconomics, and sets the models out in convenient form. A concluding chapter analyzes the goals of economic policy, monetary policy, fiscal policy, and dynamic inconsistency.
Written as a text for graduate students with some background in macroeconomics, statistics, and econometrics, Lectures on Macroeconomics also presents topics in a self contained way that makes it a suitable reference for professional economists.
Автор: Joseph E. Stiglitz Название: Contemporary Issues in Macroeconomics ISBN: 1137529571 ISBN-13(EAN): 9781137529572 Издательство: Springer Рейтинг: Цена: 125770.00 T Наличие на складе: Есть у поставщика Поставка под заказ. Описание: The book discusses a set of key lessons for macroeconomic theory following the recent global financial crisis and explores unconventional monetary policy in a post-crisis world.This volume is divided into five parts. Part one focuses on macroeconomic theory for understanding macroeconomic fluctuations and crises.
Автор: Stiglitz Joseph E Название: Contemporary Issues in Macroeconomics ISBN: 1137579331 ISBN-13(EAN): 9781137579331 Издательство: Springer Рейтинг: Цена: 37260.00 T Наличие на складе: Есть у поставщика Поставка под заказ. Описание: The book discusses a set of key lessons for macroeconomic theory following the recent global financial crisis and explores unconventional monetary policy in a post-crisis world.This volume is divided into five parts. Part one focuses on macroeconomic theory for understanding macroeconomic fluctuations and crises.
Автор: S. Onyeiwu Название: Emerging Issues in Contemporary African Economies ISBN: 1349486728 ISBN-13(EAN): 9781349486724 Издательство: Springer Рейтинг: Цена: 88500.00 T Наличие на складе: Есть у поставщика Поставка под заказ. Описание: Onyeiwu focuses on how events of the twenty-first century are shaping key sectors of African economies and societies. He suggests that, compared to East Asia and Latin America, Africa still has a long way to go, despite recent improvements in performance.
Автор: H. Wolf Название: Contemporary Economic Issues ISBN: 1349260746 ISBN-13(EAN): 9781349260744 Издательство: Springer Рейтинг: Цена: 74530.00 T Наличие на складе: Есть у поставщика Поставка под заказ. Описание: This volume contains chapters on a range of topics which include economic methodology in macroeconomics, central bank independence, policy signalling, public policy as second best analysis, the determinants of economic growth, a continuum approach to unemployment policy, and pensions.
Автор: C. Harvie Название: Contemporary Developments and Issues in China`s Economic Transition ISBN: 0333746171 ISBN-13(EAN): 9780333746172 Издательство: Springer Рейтинг: Цена: 139750.00 T Наличие на складе: Есть у поставщика Поставка под заказ. Описание: As a prospective economic giant in the next century, developments in the Chinese economy are of significance to the global economy.
Автор: Y. Mundlak Название: Contemporary Economic Issues ISBN: 0333698061 ISBN-13(EAN): 9780333698068 Издательство: Springer Рейтинг: Цена: 125770.00 T Наличие на складе: Есть у поставщика Поставка под заказ. Описание: An overview of many currently topical issues around food and agriculture, with particular emphasis on their implications for development. These include Nobel Laureate Robert Fogel`s discussion of nutritional standards and the implications of new theories of evolution in assessing the extent of malnutrition.
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