{"product_id":"modern-financial-macroeconomics-panics-crashes-and-crises-paperback-softback-9781405161817","title":"Modern Financial Macroeconomics; Panics, Crashes, and Crises (Paperback \/ softback) 9781405161817","description":"\u003cfont face=\"Georgia\"\u003e\r\n\u003cp\u003e\u003cfont size=\"6\"\u003eModern Financial Macroeconomics\u003c\/font\u003e\u003cbr\u003e\r\n\u003cfont size=\"5\"\u003ePanics, Crashes, and Crises\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\r\n\r\n\u003cp\u003e\u003cfont size=\"4\"\u003eTodd A. Knoop (Author)\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e9781405161817, Wiley\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003ePaperback \/ softback, published 28 March 2008\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e288 pages\u003cbr\u003e23 x 15.3 x 1.7 cm, 0.417 kg\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\r\n\u003cp align=\"justify\"\u003e\u003cem\u003e\u003cfont size=\"3\"\u003e\"This is a good book and one that would be suitable for undergraduate courses on this topic.\" (\u003ci\u003eCHOICE\u003c\/i\u003e)\u003c\/font\u003e\u003c\/em\u003e\u003c\/p\u003e\r\n\r\n\u003cp align=\"justify\"\u003e\u003cstrong\u003e\u003cfont size=\"3\"\u003e\u003cp\u003e\u003cb\u003e\u003ci\u003eModern Financial Macroeconomics\u003c\/i\u003e takes a non-technical approach in examining the role that financial markets and institutions play in shaping outcomes in the modern macro economy.\u003c\/b\u003e\u003c\/p\u003e \u003cul\u003e \u003cli\u003eReviews historical and contemporary macroeconomic theory\u003c\/li\u003e \u003cli\u003eExamines governmental influence on moderating (or exacerbating) economic fluctuations\u003c\/li\u003e \u003cli\u003eDiscusses both empirical and theoretical links between financial systems and economic performance, as well as case studies detailing the role of finance in specific business cycle episodes\u003c\/li\u003e \u003c\/ul\u003e\u003c\/font\u003e\u003c\/strong\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e\u003cp\u003eList of Figures ix\u003c\/p\u003e \u003cp\u003eList of Tables x\u003c\/p\u003e \u003cp\u003eList of Case Studies xi\u003c\/p\u003e \u003cp\u003ePreface xiii\u003c\/p\u003e \u003cp\u003eIntroduction 1\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart I An Introduction to Finance and Macroeconomics 11\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003e1 The Basics of Financial Markets and Financial Institutions 13\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIntroduction 13\u003c\/p\u003e \u003cp\u003eWhat is Financial Intermediation and Why is It Different from Other Economic Transactions? 14\u003c\/p\u003e \u003cp\u003eWhat is Money? 16\u003c\/p\u003e \u003cp\u003eThe Importance of Financial Systems in Stimulating Long-Run Growth 17\u003c\/p\u003e \u003cp\u003eThe Empirical Evidence on Financial Development and Growth 21\u003c\/p\u003e \u003cp\u003eThe Four Primary Forms of Financial Intermediation 25\u003c\/p\u003e \u003cp\u003eConclusions 33\u003c\/p\u003e \u003cp\u003e\u003cb\u003e2 A Brief History of Financial Development 35\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIntroduction 35\u003c\/p\u003e \u003cp\u003eA Brief History of Banking, Financial Markets, and Central Banking 36\u003c\/p\u003e \u003cp\u003eModern Central Banking 40\u003c\/p\u003e \u003cp\u003eA Brief History of International Capital Flows 42\u003c\/p\u003e \u003cp\u003eGlobalization and Financial Development in the 1990s 44\u003c\/p\u003e \u003cp\u003eConclusions 55\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart II Macroeconomic Theory and The Role Of Finance 57\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003e3 Business Cycles and Early Macroeconomic Theories of Finance 59\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIntroduction 59\u003c\/p\u003e \u003cp\u003eBusiness Cycle Definitions 60\u003c\/p\u003e \u003cp\u003eFinancial Indicators of Business Cycles 64\u003c\/p\u003e \u003cp\u003eThe Sunspot Theory 66\u003c\/p\u003e \u003cp\u003eEarly Monetary Theories 67\u003c\/p\u003e \u003cp\u003eThe Classical Model 69\u003c\/p\u003e \u003cp\u003eThe Debt-Deflation Theory 72\u003c\/p\u003e \u003cp\u003eConclusions 74\u003c\/p\u003e \u003cp\u003e\u003cb\u003e4 Keynesian, Monetarist, and Neoclassical Theories 75\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIntroduction 75\u003c\/p\u003e \u003cp\u003eKeynes’ General Theory 76\u003c\/p\u003e \u003cp\u003eKeynesian Economics and the IS–LM Model 82\u003c\/p\u003e \u003cp\u003eThe Financial Instability Hypothesis 84\u003c\/p\u003e \u003cp\u003eThe Monetarist Model 86\u003c\/p\u003e \u003cp\u003ePrinciples of the Monetarist model 86\u003c\/p\u003e \u003cp\u003eNeoclassical Theories 91\u003c\/p\u003e \u003cp\u003eConclusions 100\u003c\/p\u003e \u003cp\u003e\u003cb\u003e5 New Institutional Theories of Finance: Models of Risk and the Costs of Credit Intermediation 102\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIntroduction 102\u003c\/p\u003e \u003cp\u003eWhat is Meant by “New Institutional” Theories of Finance? 103\u003c\/p\u003e \u003cp\u003eThe Financial Accelerator Model and the Role of Credit in Business Cycles 106\u003c\/p\u003e \u003cp\u003eThe Financial Accelerator and Monetary Policy 111\u003c\/p\u003e \u003cp\u003eThe Empirical Evidence on the Financial Accelerator Model 112\u003c\/p\u003e \u003cp\u003eConclusions 120\u003c\/p\u003e \u003cp\u003e\u003cb\u003e6 New Institutional Theories of Finance: Models of Credit Rationing 123\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIntroduction 123\u003c\/p\u003e \u003cp\u003eTwo Models of Credit Rationing 125\u003c\/p\u003e \u003cp\u003eEquity Rationing 129\u003c\/p\u003e \u003cp\u003eEmpirical Evidence on Models of Credit Rationing 131\u003c\/p\u003e \u003cp\u003eConclusions 137\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart III Financial Volatility and Economic [In]Stability 139\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003e7 The Role of Financial Systems in Monetary and Stabilization Policy 141\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIntroduction 141\u003c\/p\u003e \u003cp\u003eWhy Does Money Matter? Traditional Theories of the Monetary Transmission Mechanism 142\u003c\/p\u003e \u003cp\u003eBalance Sheet Channels and the Monetary Transmission Mechanism 145\u003c\/p\u003e \u003cp\u003eEmpirical Studies of the Balance Sheet Channels of Monetary Transmission 147\u003c\/p\u003e \u003cp\u003eIs Monetary Policy Still Powerful? A Look at the Empirical Evidence 148\u003c\/p\u003e \u003cp\u003eOld Debates over the Effectiveness of Stabilization Policy 152\u003c\/p\u003e \u003cp\u003eNew Debates over the Effectiveness of Stabilization Policy 154\u003c\/p\u003e \u003cp\u003eConclusions 161\u003c\/p\u003e \u003cp\u003e\u003cb\u003e8 Banking Crises and Asset Bubbles 163\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIntroduction 163\u003c\/p\u003e \u003cp\u003eThe Causes and Prevention of Banking Crises 165\u003c\/p\u003e \u003cp\u003eEmpirical Evidence on Banking Crises 169\u003c\/p\u003e \u003cp\u003eThe Causes and Prevention of Asset Bubbles 173\u003c\/p\u003e \u003cp\u003eEmpirical Evidence on Asset Bubbles 178\u003c\/p\u003e \u003cp\u003eConclusions 188\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart IV International Finance and Financial Crises 191\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003e9 Capital Flight and the Causes of International Financial Crises 193\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIntroduction 193\u003c\/p\u003e \u003cp\u003eThe Causes of Capital Flight and Currency Crises 195\u003c\/p\u003e \u003cp\u003eContagion 198\u003c\/p\u003e \u003cp\u003eEmpirical Evidence on Capital Flows, Currency Crises, and Contagion 200\u003c\/p\u003e \u003cp\u003eThe Causes and Costs of Twin Crises 202\u003c\/p\u003e \u003cp\u003eThe Currency and Banking Crises in East Asia 205\u003c\/p\u003e \u003cp\u003eConclusions 213\u003c\/p\u003e \u003cp\u003e\u003cb\u003e10 International Financial Crises: Policies and Prevention 215\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIntroduction 215\u003c\/p\u003e \u003cp\u003eThe Benefits and Costs of Financial Liberalization 216\u003c\/p\u003e \u003cp\u003eGuidelines for Domestic Financial Regulation 219\u003c\/p\u003e \u003cp\u003eThe Pros and Cons of Capital Controls 222\u003c\/p\u003e \u003cp\u003eInternational Financial Regulation 224\u003c\/p\u003e \u003cp\u003eThe IMF, Its Policies, and Its Critics 225\u003c\/p\u003e \u003cp\u003eReforming the IMF 233\u003c\/p\u003e \u003cp\u003eConclusions 234\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart V Conclusions 237\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003e11 What We have Learned, What We Still Need to Learn about Financial Macroeconomics 239\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eA Brief Review 239\u003c\/p\u003e \u003cp\u003eWhat We Have Learned about Financial Macroeconomics 241\u003c\/p\u003e \u003cp\u003eWhat We Do Not Know 247\u003c\/p\u003e \u003cp\u003eConcluding Conclusions 254\u003c\/p\u003e \u003cp\u003eBibliography 255\u003c\/p\u003e \u003cp\u003eIndex 265 \u003c\/p\u003e\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003eSubject Areas: Finance \u0026amp; accounting [\u003ca title=\"See our other books on Finance \u0026amp; accounting\" href=\"https:\/\/freshlyprintedbooks.co.uk\/search?q=%22Finance%20\u0026amp;%20accounting%20%5BKF%5D%22\"\u003eKF\u003c\/a\u003e]\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\u003c\/font\u003e","brand":"Wiley-Blackwell","offers":[{"title":"Brand New","offer_id":52173818691864,"sku":"9781405161817","price":31.77,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0730\/2037\/5320\/files\/9781405161817.jpg?v=1781173320","url":"https:\/\/freshlyprintedbooks.co.uk\/products\/modern-financial-macroeconomics-panics-crashes-and-crises-paperback-softback-9781405161817","provider":"Freshly Printed Books","version":"1.0","type":"link"}