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: Johan A. Lybeck Название: The Future of Financial Regulation ISBN: 1107106850 ISBN-13(EAN): 9781107106857 Издательство: Cambridge Academ Рейтинг: Цена: 107710.00 T Наличие на складе: Есть у поставщика Поставка под заказ. Описание: Johan A. Lybeck uses European and American case studies to review thirty bank resolutions from the last financial crisis and to outline the requirements for successful bank resolutions in the future. Via in-depth analysis of recent legislation, he emphasizes the need for taxpayer-funded bail-outs to create a viable banking system.
Автор: Nyborg, K. Название: Collateral Frameworks.The Open Secret of Central Banks ISBN: 1316609545 ISBN-13(EAN): 9781316609545 Издательство: Cambridge Academ Рейтинг: Цена: 43290.00 T Наличие на складе: Есть у поставщика Поставка под заказ. Описание: This book is for academic monetary and financial economists, as a supplementary text in graduate courses and seminars, and for practitioners in banking and policy-making institutions. It is the first study of the importance of collateral frameworks in monetary policy, focusing on the euro, the euro crisis, and the European Central Bank.
Автор: Daron Acemoglu Название: Advances in Economics and Econometrics, vol.3 ISBN: 1107627311 ISBN-13(EAN): 9781107627314 Издательство: Cambridge Academ Рейтинг: Цена: 46470.00 T Наличие на складе: Есть у поставщика Поставка под заказ. Описание: The third of three volumes containing edited versions of papers and commentaries presented at invited symposium sessions of the Tenth World Congress of the Econometric Society 2010. The papers interpret key developments in economics and econometrics, and discuss future directions for a variety of topics, covering both theory and application.
Автор: Sheffrin, Steven M. Название: Tax Fairness and Folk Justice ISBN: 0521148057 ISBN-13(EAN): 9780521148054 Издательство: Cambridge Academ Рейтинг: Цена: 25350.00 T Наличие на складе: Есть у поставщика Поставка под заказ. Описание: Much of the discussion of tax fairness today focuses on distribution - who gets what. But this is too limited a focus. This book demonstrates how an understanding of `folk justice` can deepen our understanding of how tax systems actually work and how they might potentially be reformed.
Автор: Eitrheim, Oyvind and Jan Tore Klovland Название: A Monetary History of Norway, 1816–2016 ISBN: 110715040X ISBN-13(EAN): 9781107150409 Издательство: Cambridge Academ Рейтинг: Цена: 162630.00 T Наличие на складе: Есть у поставщика Поставка под заказ. Описание: This book provides a broad overview of monetary developments in Norway over the past 200 years, using a rich variety of graphical illustrations based on a unique data set of historical monetary statistics, which will be documented and made available on the Norges Bank website (in English) at http://www.norges-bank.no/en.
Автор: Acocella Название: Macroeconomic Paradigms and Economic Policy ISBN: 1107117720 ISBN-13(EAN): 9781107117723 Издательство: Cambridge Academ Рейтинг: Цена: 116160.00 T Наличие на складе: Есть у поставщика Поставка под заказ. Описание: This examination of macroeconomic policies and institutions from the pre-Great Depression era to the Financial Crisis of 2007-11 focuses on the relationship between free-market and government intervention. It is suited to graduates and undergraduates studying macroeconomic policy, monetary policy and the history of economic thought.
Автор: de La Grandville Название: Economic Growth ISBN: 110711523X ISBN-13(EAN): 9781107115231 Издательство: Cambridge Academ Рейтинг: Цена: 146790.00 T Наличие на складе: Есть у поставщика Поставка под заказ. Описание: The second edition of this user-friendly book provides a clear and original introduction to the theory of economic growth. The book has been fully updated to incorporate several important new results and proofs, and offers a new solution to the fundamental question: how much should a nation save and invest?
Автор: Paul Mizen et all Название: Macroprudential policy and practice ISBN: 1108419909 ISBN-13(EAN): 9781108419901 Издательство: Cambridge Education Рейтинг: Цена: 145200.00 T Наличие на складе: Есть у поставщика Поставка под заказ. Описание: Macroprudential policy is perhaps the most important development in central bank policymaking circles since the global financial crisis, and reliance on such policies continues to spread. This is a guide to the latest theoretical developments, showing how they relate to monetary policy, and supported by empirical evidence from many countries.
Название: Exploring the future of russia`s economy and markets ISBN: 1787693988 ISBN-13(EAN): 9781787693982 Издательство: Emerald Рейтинг: Цена: 103170.00 T Наличие на складе: Есть у поставщика Поставка под заказ. Описание: Based on the 2017 conference "`New Reality` and Russian Markets" held at Harvard University, this book brings together world-renowned thinkers to offer the latest empirical research on recent financial risks, institutional policies, and financial stability.
Автор: Moss David A. Название: A Concise Guide to Macroeconomics, Second Edition: What Managers, Executives, and Students Need to Know ISBN: 1625271964 ISBN-13(EAN): 9781625271969 Издательство: TBS/GBS Рейтинг: Цена: 33000.00 T Наличие на складе: Есть у поставщика Поставка под заказ. Описание: Understanding the Ground Rules for the Global EconomyIn this revised and updated edition of A Concise Guide to Macroeconomics, David A. Moss draws on his years of teaching at Harvard Business School to explain important macro concepts using clear and engaging language. This guidebook covers the essentials of macroeconomics and examines, in a simple and intuitive way, the core ideas of output, money, and expectations.
Early chapters leave you with an understanding of everything from fiscal policy and central banking to business cycles and international trade. Later chapters provide a brief monetary history of the United States as well as the basics of macroeconomic accounting. You'll learn why countries trade, why exchange rates move, and what makes an economy grow.
Moss's detailed examples will arm you with a clear picture of how the economy works and how key variables impact business and will equip you to anticipate and respond to major macroeconomic events, such as a sudden depreciation of the real exchange rate or a steep hike in the federal funds rate. Read this book from start to finish for a complete overview of macroeconomics, or use it as a reference when you're confronted with specific challenges, like the need to make sense of monetary policy or to read a balance of payments statement. Either way, you'll come away with a broad understanding of the subject and its key pieces, and you'll be empowered to make smarter business decisions.
Автор: William Mitchell, L. Randall Wray Название: Macroeconomics ISBN: 1137610662 ISBN-13(EAN): 9781137610669 Издательство: Springer Рейтинг: Цена: 58690.00 T Наличие на складе: Нет в наличии. Описание: This groundbreaking new core textbook encourages students to take a more critical approach to the prevalent assumptions around the subject of macroeconomics, by comparing and contrasting heterodox and orthodox approaches to theory and policy. The first such textbook to develop a heterodox model from the ground up, it is based on the principles of Modern Monetary Theory (MMT) as derived from the theories of Keynes, Kalecki, Veblen, Marx, and Minsky, amongst others. The internationally-respected author team offer appropriate fiscal and monetary policy recommendations, explaining how the poor economic performance of most of the wealthy capitalist countries over recent decades could have been avoided, and delivering a well-reasoned practical and philosophical argument for the heterodox MMT approach being advocated. The book is suitable for both introductory and intermediate courses, offering a thorough overview of the basics, while covering everything needed for more advanced courses. Issues are explained conceptually, with the more technical, mathematical material in chapter appendices, offering greater flexibility of lecturer use.
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