{"product_id":"credit-investments-and-the-macroeconomy-a-few-open-issues-hardback-9780521584111","title":"Credit, Investments and the Macroeconomy; A Few Open Issues (Hardback) 9780521584111","description":"\u003cfont face=\"Georgia\"\u003e\r\n\u003cp\u003e\u003cfont size=\"6\"\u003eCredit, Investments and the Macroeconomy\u003c\/font\u003e\u003cbr\u003e\r\n\u003cfont size=\"5\"\u003eA Few Open Issues\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cem\u003eIncludes innovative attempts to investigate the causal links among macroeconomic models, institutional phenomena and industrial structure.\u003c\/em\u003e\u003c\/p\u003e\r\n\r\n\r\n\u003cp\u003e\u003cfont size=\"4\"\u003eMarco Mazzoli (Author)\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e9780521584111, Cambridge University Press\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003eHardback, published 22 January 1998\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e232 pages, 27 tables\u003cbr\u003e23.6 x 16.2 x 2.1 cm, 0.47 kg\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\r\n\r\n\r\n\u003cp align=\"justify\"\u003e\u003cstrong\u003e\u003cfont size=\"3\"\u003eThis book relates the literatures of finance, industrial economics and investment to the theoretical framework of the 'credit view'. Firstly it is assumed that  banks' decisions concerning their assets are seen as at least as relevant as their decisions concerning their liabilities. Secondly, securities and bank credit are considered to be highly imperfect substitutes. In this regard it is important to investigate the way industrial and financial sectors interact. In particular, how is the macroeconomy affected by the phenomenon of 'securitization' and by exogenous changes in the industrial structure of the credit market. The interactions between real and financial sectors are also analysed from the point of view of the industrial firm, in a model where the investment and financial decisions of the firm are taken simultaneously.\u003c\/font\u003e\u003c\/strong\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003ePreface and Acknowledgements\u003cbr\u003e 1. Introduction\u003cbr\u003e Part I. Banks, Credits and the Macroeconomy: A Puzzle: 2. Credit, financial markets and the macroeconomy: different approaches and a proposed perspective\u003cbr\u003e 3. Securitization and the empirics of bank credit\u003cbr\u003e Part II. Interactions between Credit and Industry: Firms Market Power and Banks Liquidity Preference: 4. Investments and monetary policy with oligopsony in the market for credit\u003cbr\u003e 5. Banks' assets and liquidity preference, an empirical investigation based on the free liquidity ratio for commercial banks\u003cbr\u003e Part III. 'Inside the Firm': Interactions between Finance and Investments: 6. Investments with firm-specific financial costs and 'transaction' adjustment costs\u003cbr\u003e 7. Are investments and financial structure two faces of the same decision, a qualitative approach\u003cbr\u003e Summing up\u003cbr\u003e Bibliography\u003cbr\u003e Index.\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003eSubject Areas: Macroeconomics [\u003ca title=\"See our other books on Macroeconomics\" href=\"https:\/\/freshlyprintedbooks.co.uk\/search?q=%22Macroeconomics%20%5BKCB%5D%22\"\u003eKCB\u003c\/a\u003e]\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\u003c\/font\u003e","brand":"Cambridge University Press","offers":[{"title":"Default Title","offer_id":46066015764760,"sku":"9780521584111","price":58.99,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0730\/2037\/5320\/products\/9780521584111i.jpg?v=1691408846","url":"https:\/\/freshlyprintedbooks.co.uk\/products\/credit-investments-and-the-macroeconomy-a-few-open-issues-hardback-9780521584111","provider":"Freshly Printed Books","version":"1.0","type":"link"}