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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
This book, written by an international team of economists, develops concrete, country specific alternatives to inflation targeting, the dominant policy framework of central bank policy that focuses on keeping inflation in the low single digits to the virtual exclusion of other key goals such as...
Persistent link: https://www.econbiz.de/10011851035
those with a particular interest in monetary theory and policy. Economic analysts, commercial banks, financial institutions …
Persistent link: https://www.econbiz.de/10014474165
Financial globalization has made monetary policy formulation in emerging market economies increasingly complicated. This timely set of studies looks at the turmoil in global financial markets, which coupled with volatile inflation poses serious challenges for central banks in these countries....
Persistent link: https://www.econbiz.de/10011851216
Beginning with an assessment of new thinking in macroeconomics and monetary theory, this book suggests that many …
Persistent link: https://www.econbiz.de/10011851789
the Future; The Factual Findings, New York: Twentieth Century Fund. -- Hayek, Friedrich (1933), Monetary Theory and the …Irving Fisher (1933), 'The Debt-Deflation Theory of Great Depressions', Econometrica, 1 (4), October, 337-57 -- James D ….P. (1978), Manias, Panics, and Crashes, New York, NY: Basic Books. -- King, C.P. (1994), 'Debt deflation: theory and evidence …
Persistent link: https://www.econbiz.de/10011852314
Combining critical perspectives with a positive contribution to economic policy, both national and international, this book considers the causes and consequences of recent financial crises presenting cutting-edge material. The editors bring together a number of well-known scholars to offer their...
Persistent link: https://www.econbiz.de/10014474013
"In this incisive fifth edition of Financial Crises and Recession in the Global Economy, Roy E. Allen examines the major financial instabilities, crises, and evolutionary trends since the 1970s and through the recent Covid-19 pandemic. Providing empirical research on the relation between money...
Persistent link: https://www.econbiz.de/10014437075
monetary theory and policy, financial markets, and financial instability coming out of the Post Keynesian school of thought …
Persistent link: https://www.econbiz.de/10011850557
Recurrent instability has characterized the global financial system since the 1980s, eventually leading to the current global financial crisis. This instability and the resultant disruptions - sovereign debt defaults, exchange rate misalignments, financial market illiquidity and asset price...
Persistent link: https://www.econbiz.de/10011850688