Macro Markets (Paperback)

Robert J. Shiller

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Idioma: inglés

Editorial: Oxford University Press, Oxford, 1998

0198294182 / 9780198294184

Serie: Libro 2 de 6 - Clarendon Lectures in Economics

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Paperback. Macro Markets puts forward a unique and authoritative set of detailed proposals for establishing new markets for the management of the biggest economic risks facing society. Our existing financial markets are seen as being inadequate in dealing with such risks and Professor Shiller suggests major new markets as solutions to the problem.Shiller argues that although some risks, such as natural disaster or temporary unemployment, areshared by society, most risks are borne by the individual and standards of living determined by luck. He investigates whether a new technology of markets could make risk-sharing possible, and shows how newcontracts could be designed to hedge all manner of risks to the individual's living standards. He proposes new international markets for perpetual claims on national incomes, and on components and aggregates of national incomes, concluding that these markets may well dwarf our stock markets in their activity and significance. He also argues for new liquid international markets for residential and commercial property.Establishing such unprecedented new markets presentssome important technical problems which Shiller attempts to solve with proposals for implementing futures markets on perpetual claims on incomes, and for the construction of index numbers for cashsettlement of risk management contracts. These new markets could fundamentally alter and diminish international economic fluctuations, and reduce the inequality of incomes around the world. A set of proposals for establishing new financial markets for the management of the biggest economic risks faced by governments. The author argues that such a process may fundamentally alter and diminish international economic fluctuations and reduce the inequality of incomes. The book is part of the Clarendon Lectures in Economics series. This item is printed on demand. Shipping may be from our UK warehouse or from our Australian or US warehouses, depending on stock availability.…

N° de ref. del artículo 9780198294184

Título
Macro Markets (Paperback)
Autor
Robert J. Shiller
Editorial
Oxford University Press, Oxford
Año de publicación
1998
Estado
new
Encuadernación
Paperback
Idioma
inglés
ISBN 10
0198294182
ISBN 13
9780198294184
Serie
Libro 2 de 6: Clarendon Lectures in Economics

CitiRetail

Stevenage, Reino Unido

Vendedor de 5 estrellas

Vendedor de IberLibro desde 29 de junio de 2022

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