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Towards a New Paradigm in Monetary Economics (Raffaele Mattioli Lectures) - Tapa blanda

Libro 1 de 2: Raffaele Mattioli Lectures

Stiglitz, Joseph

 
9780521008051: Towards a New Paradigm in Monetary Economics (Raffaele Mattioli Lectures)
Tapa blanda
ISBN 10: 0521008050 ISBN 13: 9780521008051
Editorial: Cambridge University Press, 2009

Sinopsis

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. One 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.

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Acerca de los autores

Professor of Economics, Stanford University and Senior Research Fellow of Brookings Institution. Formerly Senior Vice President and Chief Economist at World Bank.

Professor of Finance, Columbia Business School.

"Sobre este título" puede pertenecer a otra edición de este libro.

Editorial
Cambridge University Press
Año de publicación
2009
Idioma
Inglés
ISBN 10 
0521008050
ISBN 13 
9780521008051
Encuadernación
Tapa blanda
Número de páginas
344
Contacto del fabricante
no disponible
Persona responsable
gpsr@libri.de
gpsr@libri.de

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