Showing 1 - 10 of 30
Financial systems are crucial to the allocation of resources in a modern economy. They channel household savings to the corporate sector and allocate investment funds among firms; they allow intertemporal smoothing of consumption by households and expenditures by firms; and they enable...
Persistent link: https://www.econbiz.de/10004973094
These studies of the cost of capital will inspire and guide policy-makers who share the goal of making the allocation of capital in a market economy more efficient. Volume 1 presents pioneering studies of the cost of capital as a determinant of investment expenditures. The cost of capital...
Persistent link: https://www.econbiz.de/10004973156
Introduction to the Economics and Mathematics of Financial Markets fills the longstanding need for an accessible yet serious textbook treatment of financial economics. The book provides a rigorous overview of the subject, while its flexible presentation makes it suitable for use with different...
Persistent link: https://www.econbiz.de/10004973190
Winner of the Nobel Prize in 1981, James Tobin is one of the principle figures in contemporary Economics. These original contributions by such noted economists as Robert Solow, Paul Samuelson, Richard Cooper, and Edmund Phelps celebrate and extend Tobin's contributions to macroeconomics,...
Persistent link: https://www.econbiz.de/10004973237
In The Political Economy of Japanese Monetary Policy, Cargill, Hutchison, and Takatoshi investigate the formulation and execution of monetary and financial policies in Japan within a broad technical, political, and institutional context. Their emphasis is on the period since the collapse of the...
Persistent link: https://www.econbiz.de/10004973275
This book updates and advances the theory of expected utility as applied to risk analysis and financial decision making. Von Neumann and Morgenstern pioneered the use of expected utility theory in the 1940s, but most utility functions used in financial management are still relatively simplistic...
Persistent link: https://www.econbiz.de/10005237357
Over the last few years, the financial sector has experienced its worst crisis since the 1930s. The collapse of major firms, the decline in asset values, the interruption of credit flows, the loss of confidence in firms and credit market instruments, the intervention by governments and central...
Persistent link: https://www.econbiz.de/10008919678
Why do financial institutions, industrial companies, and households hold low-yielding money balances, Treasury bills, and other liquid assets? When and to what extent can the state and international financial markets make up for a shortage of liquid assets, allowing agents to save and share risk...
Persistent link: https://www.econbiz.de/10008919689
Stephen Axilrod is the ultimate Federal Reserve insider. He worked at the Fed’s Board of Governors for more than thirty years and after that in private markets and as a consultant on monetary policy. With Inside the Fed, he offers his unique perspective on the inner workings of the Federal...
Persistent link: https://www.econbiz.de/10008919694
Japan's financial institutions and policy underwent remarkable change in the past decade. The country began the 1990s with a heavily regulated financial system managed by an unchallenged Ministry of Finance and ended the decade with a Big Bang financial market reform, a complete restructuring of...
Persistent link: https://www.econbiz.de/10005034441