Towards a New Paradigm in Monetary Economics (Raffaele Mattioli Lectures)
Editorial Reviews
Review
'... recommended reading for all monetary economists and practitioners alike.' International Affairs
'Overall this is an excellent contribution to our understanding of the functioning of modern financial markets. It will become essential reading for students, researchers, practitioners and policy-makers with an interest in the behaviour of monetary and financial systems.' Journal of International Development
Book Description
Expanding upon the literature of new institutional economics, the first part of this study stresses the significance of imperfections in information, bankruptcy and banks. The second part examines the policy implications of the new paradigm emphasizing loanable fund demand and supply, and demonstrates its relevance to our understanding of two recent historical episodes--the East Asian financial crisis and the 1991 U.S. recession and subsequent recovery and boom.
Towards a New Paradigm in Monetary Economics (Raffaele Mattioli Lectures)
Towards a New Paradigm in Monetary Economics (Raffaele Mattioli Lectures),Joseph E. Stiglitz,Bruce Greenwald,Cambridge University Press,0521008050,Banks & Banking,Banks and banking,Business & Economics,Business / Economics / Finance,Business/Economics,Economics - General,Monetary policy,Money,Money & Monetary Policy,Business & Economics / Macroeconomics,International economics,Monetary economics
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