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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
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
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
"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
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
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
In the past thirty years the financial sector has seen unparalleled growth and has exerted increased economic and political influence and significance. This growth has come hand-in-hand with several serious economic crises and greater monetary instability. Set against this background, this...
Persistent link: https://www.econbiz.de/10011851992
, D. and Tversky, A. (1979), 'Prospect theory: An analysis of decision under risk', Econometrica, 46, 263-91. -- Keynes, J ….M. (1936), The General Theory of Employment, Interest and Prices, London: Macmillan. -- Knabe, A., Rätzel, S., Schöb, R. and … United Kingdom, 1861-1957', Economica, 25, 283-99. -- Robinson, J. (1937), Essays in the Theory of Employment, Oxford …
Persistent link: https://www.econbiz.de/10011852162
deflation -- 6. John maynard keynes's financial theory of under-investment i: Towards doubt -- 7. John maynard keynes …'s financial theory of under-investment ii: Towards uncertainty -- Part III: Critical theories of finance in the twentieth century …-steindl theory of financial fragility -- Part IV: Critical theories of finance in the twentieth century: The financial instability …
Persistent link: https://www.econbiz.de/10012294240