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Towards a New Paradigm in Monetary Economics

Towards a New Paradigm in Monetary Economics

Paperback

Series: Raffaele Mattioli Lectures

AccountingEconomicsInvesting & Finance

ISBN10: 0521008050
ISBN13: 9780521008051
Publisher: Cambridge University Press
Published: Sep 4 2003
Pages: 344
Weight: 1.07
Height: 0.84 Width: 5.46 Depth: 8.64
Language: English
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.

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Stiglitz, Joseph E.

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Economics