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speculative explanation of stock market fluctuations with the conventional efficient markets hypothesis. After summarising … explanations of stock price fluctuations. They examine in detail the mainstream neo-classical theory with its emphasis on the … efficient markets hypothesis. They then compare this with the theories of Veblen, Galbraith and Keynes who consider markets as …
Persistent link: https://www.econbiz.de/10014473973
The amount of physical matter in the world is fixed and improvements to people's material circumstances are only created by their ability to reconfigure this matter. What distinguishes labour, and subsequently what allows for differing increments of value, are our capabilities, skills and...
Persistent link: https://www.econbiz.de/10014473855
adding to the existing thought in this area, with insights from game theory, rational choice under uncertainty and new …
Persistent link: https://www.econbiz.de/10014473863
Monetary History, Exchange Rates and Financial Markets is an impressive collection of original papers in honour of …. Exchange rate regimes in theory and practice -- 5. Is foreign exchange intervention effective? : the japanese experiences in … costs in spot FX markets -- 8. Competition and stability : what's special about banking? -- 9. Is there a Goodhart's law in …
Persistent link: https://www.econbiz.de/10011850618
possibility that volatile financial markets in the future will have real impacts on whole industries and national economic systems … markets, liquidity and fast exits -- 7. Planned investment, planned savings, liquidity and economic growth -- 8. Complicating … liquidity and exchange rate stability -- 11. If markets are efficient why has there been so much volatility in financial markets …
Persistent link: https://www.econbiz.de/10011851209
During his lifetime Hyman Minsky made a seminal contribution to the development of financial Keynesianism. In this book, leading academics celebrate his work and explore his economic legacy. Special attention is paid to his work on contemporary economic method, the Great Depression, the European...
Persistent link: https://www.econbiz.de/10011851430
Nobel Prize winner James Tobin has made outstanding contributions to modern macroeconomics. In this final collection of his work he examines the economic policies of the United States and its relations with other major economies after 1990. In James Tobin's view, the welfare of populations...
Persistent link: https://www.econbiz.de/10011851797
The achievement of financial stability is one of the most pressing issues today. This timely and innovative book provides an analytical framework to assess financial (in)stability as an equilibrium phenomenon compatible with the orderly functioning of a modern market economy. The authors...
Persistent link: https://www.econbiz.de/10014474044
discover why emerging markets are so susceptible to financial crises. The author first provides a brief introduction of the … between crises in emerging markets, such as that of the crises in Russia and Brazil in 1998-1999, is explicable, despite the …
Persistent link: https://www.econbiz.de/10014474085
the growth of cities by the use of endogenous growth theory …
Persistent link: https://www.econbiz.de/10012419981