Towards a New Paradigm in Monetary Economics

Name: Towards a New Paradigm in Monetary Economics
SKU: 2010868
Price: 137.99 AUD
Availability: InStock

By:

Format:

Paperback / softback

Series:

Raffaele Mattioli Lectures

Show Hide Adult Content

$137.99

Available from supplier

Usually ships in 3-4 weeks

0 in Trolley

Price Match

Wrap this item as a gift ($5.90) - add a free gift card on the next page

Buy Now, Pay Later with:

4 payments of $34.50 with Afterpay Learn more

Availability

Delivering to:

Estimated arrival:

Around 3-13 June using International Courier

Description

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.

Author Biography:

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.

Release date Australia

September 4th, 2003

Author

Audience

Professional & Vocational

Illustrations

Worked examples or Exercises

Pages

344

Series

Raffaele Mattioli Lectures

Dimensions

139x216x23

ISBN-13

9780521008051

Product ID

2010868

Customer reviews

Nobody has reviewed this product yet. You could be the first!

Write a Review

Marketplace listings

There are no Marketplace listings available for this product currently.
Already own it? Create a free listing and pay just 9% commission when it sells!

Sell Yours Here