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Towards a new paradigm in monetary economics

Author: Joseph E Stiglitz; Bruce C N Greenwald
Publisher: Cambridge, U.K. ; New York : Cambridge University Press, 2003.
Series: Raffaele Mattioli lectures.
Edition/Format:   Book : EnglishView all editions and formats
Database:WorldCat
Summary:
"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  Read more...
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Material Type: Internet resource
Document Type: Book, Internet Resource
All Authors / Contributors: Joseph E Stiglitz; Bruce C N Greenwald
ISBN: 0521810345 9780521810340 0521008050 9780521008051
OCLC Number: 50054267
Description: xv, 327 p. : ill. ; 22 cm.
Contents: Part I The principles of the new paradigm --
1 Reflections on the current state of monetary economics --2 How finance differs --
3 The ideal banking system --
4 Restricted banking (or, the banking system of today) --
5 Market equilibrium --6 From the corn economy to the monetary economy --7 Towards a general equilibrium theory of credit --Part II Applications of the new paradigm --
8 Monetary policy--
9 Regulatory policy and the new paradigm --
10 Financial market liberalization --11 Restructuring the banking sector --
12 Regional downturns and development and monetary policy --13 The East Asia crisis --
14 The 1991 US recession and the recovery --
15 The new paradigm and the "new economy" --16 Concluding remarks.
Series Title: Raffaele Mattioli lectures.
Responsibility: Joseph Stiglitz and Bruce Greenwald.
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Abstract:

A pioneer treatment of monetary economics written by two of world's leading authorities.  Read more...

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'... recommended reading for all monetary economists and practitioners alike.' International Affairs 'Overall this is an excellent contribution to our understanding of the functioning of modern Read more...

 
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