Beliefs held by US and European elites about unregulated markets and a currency union without fiscal union led to a transatlantic crisis unmatched in severity since the Great Depression.
The first edition of Theory of Valuation is a collection of important papers in the field of theoretical financial economics published from 1973 to 1986, and original accompanying essays contributed by eminent researchers including Robert C Merton, Edward C Prescott, Stephen A Ross, and Joseph E Stiglitz.
Acclaimed by Joseph Schumpeter as 'The greatest economist the United States has ever produced', this book examines the life and work of American economist and statistician Irving Fisher (1867-1947).
This book is a review on the economic theories of systemic risks in the financial market and the topics in constructing the macroprudential framework for banking regulation in the future.
Acclaimed by Joseph Schumpeter as 'The greatest economist the United States has ever produced', this book examines the life and work of American economist and statistician Irving Fisher (1867-1947).
Now revised and updated to reflect critical changes in economic policy since the last edition, Macroeconomic Issues Today, Eighth Edition, provides Conservative, Liberal, and Radical interpretations and solutions for seven current macroeconomic issues, including all-new coverage of the Social Security debate.
This book sheds new light on if and why, between 2009 and 2015, European governments succeeded or failed in initiating and actually realizing some of the farthest-reaching austerity plans in modern history.
This volume uses state of the art models from the frontier of macroeconomics to answer key questions about how the economy functions and how policy should be conducted.
Although economists have long pointed to the aggregate gains from increased economic integration, the popular perception of globalization is much more pessimistic.
Dieses Lehrbuch bietet einen umfassenden Überblick über volkswirtschaftliche Zusammenhänge und erklärt die wichtigsten makroökonomischen Größen auf leicht verständliche Art und Weise.
As risk-taking is an essential part of the banking industry, banks must practise efficient risk management to ensure survival in uncertain financial climates.
This book examines the performance of the Brazilian economy since the Great Financial Crisis of 2007/2008 with focus on both the productive and financial dimensions, along with distributional and social issues.
Looking from the 11th century to the 20th century, Kuroda explores how money was used and how currencies evolved in transactions within local communities and in broader trade networks.
The world of money is being transformed as households and organizations face changing economies, and new currencies and payment systems like Bitcoin and Apple Pay gain ground.
The advent of digital stablecoins and the continuing decline of cash are prompting central banks across the world to explore developing their own digital currencies.
Shortly before of the beginning of the global financial crisis of 2008 REITs were introduced in several European countries based on their success in mature markets like the US, Australia and some Asian countries.
Monetary policy in the Middle East and North African (MENA) countries remains an understudied area; this book fills an important gap by examining monetary policy frameworks and monetary policy strategies in the region.
The member states are facing the choice between either reaping the benefits of increasing integration in a certain area - in this case the capital markets - attended by a significant reduction in national powers of autonomous decision-making and independence, or retaining this national independence enabling them to pursue their own policy objectives with the aid of instruments selected at their discretion.
This fully updated third edition analyzes the media industries and their activities from macro to micro levels, using concepts and theories to demonstrate the role the media plays in the economy as a whole.
This book is the first to be dedicated entirely to the European Semester -- a new framework for policy coordination across European Union (EU) member states.
This book assesses the performance of banks in India over the past several decades, and discusses their current status after fifty years of nationalization.
Axel Siedenberg, Lutz Hoffmann 1 The specificity of transformation in Ukraine When the Soviet empire collapsed in the very early 1990s, the new era that dawned was commonly given the name 'transformation', implying the systemic change from socialism towards some form of market economy.
Monetary Policy and the Onset of the Great Depression challenges Milton Friedman and Anna Schwartz's now consensus view that the high tide of the Federal Reserve System in the 1920s was due to the leadership skills of Benjamin Strong, head of the Federal Reserve Bank of New York.
Mainstream quantitative analysis and simulations are fraught with difficulties and are intrinsically unable to deal appropriately with long-term macroeconomic effects of disasters.
Consumer society in the United States and other countries is receding due to demographic ageing, rising income inequality, political paralysis, and resource scarcity.
Originally published in 1980, this volume reviews and synthesises some of the analytical models used by economists in the late 20th century to tackle certain major questions of public policy, and specifically issues of fiscal policy in its widest sense.
The Routledge Handbook of Housing Economics brings together an international panel of contributors to present a comprehensive overview of this important field within economics.