Looking Back at Macroeconomics 101: A Ringside View of the Global Financial Crisis from Asia in Real Time, Alok Sheel

Автор: Laurent Ferrara; Ignacio Hernando; Daniela Marconi
Название: International Macroeconomics in the Wake of the Global Financial Crisis
ISBN: 3030077209 ISBN-13(EAN): 9783030077204
Издательство: Springer
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Цена: 111790.00 T
Наличие на складе: Поставка под заказ.
Описание: This book collects selected articles addressing several currently debated issues in the field of international macroeconomics. They focus on the role of the central banks in the debate on how to come to terms with the long-term decline in productivity growth, insufficient aggregate demand, high economic uncertainty and growing inequalities following the global financial crisis. Central banks are of considerable importance in this debate since understanding the sluggishness of the recovery process as well as its implications for the natural interest rate are key to assessing output gaps and the monetary policy stance. The authors argue that a more dynamic domestic and external aggregate demand helps to raise the inflation rate, easing the constraint deriving from the zero lower bound and allowing monetary policy to depart from its current ultra-accommodative position. Beyond macroeconomic factors, the book also discusses a supportive financial environment as a precondition for the rebound of global economic activity, stressing that understanding capital flows is a prerequisite for economic-policy decisions.

Автор: Ferrara
Название: International Macroeconomics in the Wake of the Global Financial Crisis
ISBN: 3319790749 ISBN-13(EAN): 9783319790749
Издательство: Springer
Рейтинг:
Цена: 111790.00 T
Наличие на складе: Есть у поставщика Поставка под заказ.
Описание: This book collects selected articles addressing several currently debated issues in the field of international macroeconomics. They focus on the role of the central banks in the debate on how to come to terms with the long-term decline in productivity growth, insufficient aggregate demand, high economic uncertainty and growing inequalities following the global financial crisis. Central banks are of considerable importance in this debate since understanding the sluggishness of the recovery process as well as its implications for the natural interest rate are key to assessing output gaps and the monetary policy stance. The authors argue that a more dynamic domestic and external aggregate demand helps to raise the inflation rate, easing the constraint deriving from the zero lower bound and allowing monetary policy to depart from its current ultra-accommodative position. Beyond macroeconomic factors, the book also discusses a supportive financial environment as a precondition for the rebound of global economic activity, stressing that understanding capital flows is a prerequisite for economic-policy decisions.

Автор: Graeme Baber
Название: European Union & the Global Financial Crisis: A View from 2016
ISBN: 1634850262 ISBN-13(EAN): 9781634850261
Издательство: Nova Science
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Цена: 257650.00 T
Наличие на складе: Невозможна поставка.
Описание: The European Union banking and securities legislation immediately before the global financial crisis is described in detail. Two significant inputs to the post-crisis legislation are considered in this book the international regulatory response through the Group of Twenty (G20) countries and the Financial Services Board, and the European Supervisory Authorities which comprise the European Banking Authority, a European Securities and Markets Authority and a European Insurance and Occupational Pensions Authority. Aspects of the post-crisis securities and banking legislation are described with a comparison made with the pre-crisis legislation, in places in which this is possible. The securities legislation, in particular, has shown a considerable increase in its volume and contents in the last few years, and some of these provisions are reported and discussed. The final chapter considers the European Commissions plans for the completion of the Economic and Monetary Union, from the British perspective in light of the speech made by the then British Prime Minister, the Right Honourable Margaret Thatcher MP, at Bruges in September 1988. The global financial crisis exposed vulnerabilities in the Economic and Monetary Union, which the Commission is attempting to address with plans for further integration. It is not clear that this is wholly in the interests of Europes citizens.