Towards a New Paradigm in Monetary Economics (Raffaele Mattioli Lectures) Book + PRICE WATCH * Amazon pricing is not included in price watch

Towards a New Paradigm in Monetary Economics (Raffaele Mattioli Lectures) Book

Argues for a theory of monetary economics which emphasises the importance of the demand and supply of loanable funds and the role of credit. Expanding upon the literature of new institutional economics, the first part of the book stresses the significance of imperfections in information, bankruptcy and banks. The second part examines the policy implications of the new paradigm and demonstrates its relevance to our understanding of two recent historical episodes--the East Asian financial crisis and the 1991 US recession and subsequent recovery and boom.Read More

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  • Product 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.

  • 0521008050
  • 9780521008051
  • Joseph Stiglitz, Bruce Greenwald
  • 4 September 2003
  • Cambridge University Press
  • Paperback (Book)
  • 344
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