This vital new Handbook is an authoritative volume presenting key issues in finance that have been widely discussed in the financial markets but have been neglected in textbooks and the usual compilations of conventional academic wisdom.

Joseph A. Schumpeter advocated a corporatist principle of economic organization enunciated by Pius XI in the encyclical Quadragesimo Anno. Schumpeter insisted that a corporatism of associations could provide social leadership and economic co-ordination to ensure a stable, high employment...

Purpose The purpose of this paper is to develop an analysis of the improbable events of housing market bubbles occurring in a period when US and UK central bankers were responding to perceived risks of a new deflation. Design/methodology/approach The methodology focuses on how the anti-deflation...

Purpose – The role of debt in episodes of financial stability is a topic of increasing important as the global economy struggles to recover from the worst crisis since the Great Depression of the 1930s. The purpose of this paper is to examine the mortgage finance booms of the 1920s and 2000s...

Joseph A. Schumpeter advocated a corporatist principle of economic organization enunciated by Pius XI in the encyclical Quadragesimo Anno . Schumpeter insisted that a corporatism of associations could provide social leadership and economic co‐ordination to ensure a stable, high employment...

Purpose – The purpose of the paper is further clarify Veblen's views on globalization with insights derived from international trade in the alternative socio‐economic order envisioned in Bellamy's utopian novel Looking Backward . Design/methodology/approach – After reviewing the...

Purpose – At the 2009 Devos economic forum on the global financial crisis, David Cameron, then leader of the British Conservative Party and now Britain's Prime Minister, called for embracing a “moral capitalism.” The purpose of this paper is to consider the insights into a moral framework...

Purpose – During the Greenspan‐Bernanke era, the responses of Federal Reserve officials to financial crises resulted in an extraordinary involvement of the US central bank in the non‐banking financial sector. The purpose of this paper is to examine the informal and evolving conceptual...