Understanding Global Crises: An Emerging Paradigm de Assaf RazinUnderstanding Global Crises: An Emerging Paradigm de Assaf Razin

Understanding Global Crises: An Emerging Paradigm

deAssaf Razin

Couverture rigide | 12 décembre 2014 | Anglais

Détails sur le prix et l’achat

25,95 $

Obtenez 130 points privilègeᴹᴰ

Les prix et les offres peuvent différer de ceux en magasin

En rupture de stock en ligne

Non disponible en magasin

description

A historical and theoretical investigation of the "common storylines" of recent financial crises.

Financial crises have some common storylines, among them bursting asset bubbles, bank failures, sharp tightening of credit, and downturn in trade. They are also different from one another. Some start with sudden reversal of international capital flows, others with domestic credit implosions. A challenge to economic research is to integrate common as well as disparate threads into a coherent analytical framework that is at the same time empirically testable. In Understanding Global Crises, Assaf Razin offers a review of an emerging paradigm that is consistent with the key features of recent global financial crises. This paradigm presents in a transparent way basic analytical elements of the theories of financial and monetary crises and how these elements fit together in macroeconomic analysis of global crises.

Razin surveys the credit implosion that led to a severe banking crisis in Japan in the 1990s, the Asian financial crisis that began in 1997, the global meltdown of 2008, and the Euro-zone crisis. He reviews the analytics of financial fragilities, credit frictions, currency crises, and balance of payments crises, and addresses international capital flows with information frictions. He then presents key developments in the New Keynesian analytical framework by examining the surge of re-modeling efforts aimed at the development of an analytical framework to underpin monetary and fiscal policy in the post-2008 economic era.

Assaf Razin is Friedman Professor of International Economics at Cornell University. He is the coauthor of Fiscal Policies and Growth in the World Economy, International Taxation in an Integrated World, and Migration and the Welfare State: Political-Economy Policy Formation, all published by the MIT Press, and other books.
Loading
Titre :Understanding Global Crises: An Emerging ParadigmFormat :Couverture rigideDimensions :256 pages, 9 × 6 × 0,69 poPublié le :12 décembre 2014Publié par :The MIT PressLangue :Anglais

Les ISBN ci-dessous sont associés à ce titre :

ISBN - 10 :026202859X

ISBN - 13 :9780262028592

Recherche d’articles semblables, par catégorie :

Reviews

Critiques

Understanding Global Crises is an impressive book. The thoughtful and accessible analysis of the financial crises in the last 25 years in the first chapters will be extremely useful for the layperson interested in crises. The elegant modeling of the financial frictions predating these crises in the last chapters will also attract the expert. A must-read!-Graciela L. Kaminsky, Professor of Economics and International Affairs, George Washington University