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Towards a New Paradigm in Monetary Economics

Door Joseph E. Stiglitz e.a.

Categorie
Economie & Management
Boeknummer
#352387-ZC4
Titel
Towards a New Paradigm in Monetary Economics
Auteur
Stiglitz, Joseph E. & Bruce Greenwald
Boektype
Paperback
Uitgeverij
Cambridge University Press
Jaar van uitgave
2003
ISBN10
0521008050
ISBN13
9780521008051
Taal
Engels
Beschrijving
Paperback, 8vo.
Samenvatting
Written out of the authors' thoughts and empirical observations while serving in some renowned economic organizations, the book provides a treatment of critical topics in monetary economics and policy implications, among which are the 1991 US recession, the liberalization of financial markets, and the East Asian Crisis.
Towards a New Paradigm for Monetary Economics presents a pioneer treatment of critical topics in monetary economics. Unlike the prevailing monetary theory, this book focuses not on the role of money in facilitating transactions, but on the role of credit in facilitating economic activities more broadly. The 'new paradigm' emphasizes the demand and supply of loanable funds, which in turn requires the understanding of the imperfections of information and the role of banks. O... (Lees verder)ne enlightening view is that credit is quite different from other commodities in the sense that the former is based on information and default risk. The book consists of two parts. The first part develops a basic model of credit based on banks' portfolio choices. The second part is dedicated to the policy implications, among which are the liberalization of financial markets, the East Asian Crisis, the 1991 US recession and the subsequent recovery.
Pagina's
327
Conditie
Goed
Prijs
€ 15,00

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