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005 | 20221102163251.0 | ||
008 | 110921s2011 enka b 001 0 eng d | ||
010 | _a 2011011256 | ||
011 | _aBIB MATCHES WORLDCAT | ||
020 |
_a1107004934 _qhardback |
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020 |
_a9781107004931 _qhardback |
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035 | _a(ATU)b12191528 | ||
035 | _a(OCoLC)707967513 | ||
040 |
_aDLC _beng _erda _cDLC _dYDX _dBTCTA _dYDXCP _dCDX _dUKMGB _dBWX _dMIX _dIUL _dCOO _dATU |
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042 | _apcc | ||
050 | 0 | 0 |
_aHB172.5 _b.F516 2011 |
082 | 0 | 0 |
_a330.90511 _222 |
100 | 1 |
_aCharpe, Matthieu, _eauthor. _91089757 |
|
245 | 1 | 0 |
_aFinancial assets, debt, and liquidity crises : _ba Keynesian approach / _cMatthieu Charpe [and others]. |
264 | 1 |
_aCambridge, U.K. ; _aNew York : _bCambridge University Press, _c2011. |
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300 |
_axxiv, 432 pages : _billustrations ; _c26 cm |
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336 |
_atext _btxt _2rdacontent |
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337 |
_aunmediated _bn _2rdamedia |
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338 |
_avolume _bnc _2rdacarrier |
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504 | _aIncludes bibliographical references and index. | ||
505 | 0 | _a1. Financial crises and the macroeconomy -- Part I. The Non-linear Dynamics of Credit and Debt Default: 2. Currency crises, credit crunches and large output loss; 3. Mortgage loans, debt default and the emergence of banking crises; 4. Debt deflation and the descent into economic depression -- Part II. Theoretical Foundations for Structural Macroeconometric Model Building: 5. Keynesian macroeconometric model building: a point of departure; 6. Intensive form and steady state calculations; 7. Partial feedback structures and stability issues -- Part III. Debt Crises: Firms, Banks and the Housing Markets: 8. Debt deflation: from low to high order macrosystems; 9. Bankruptcy of firms, debt default and banks the performance of banks; 10. Japan's institutional configuration and its financial crisis; 11. Housing investment cycles, workers' debt and debt default. | |
520 |
_a"The macroeconomic development of most major industrial economies is characterised by boom-bust cycles. Normally such boom-bust cycles are driven by specific sectors of the economy. In the financial meltdown of the years 2007-2009 it was the credit sector and the real-estate sector that were the main driving forces. This book takes on the challenge of interpreting and modelling this meltdown. In doing so it revives the traditional Keynesian approach to the financial-real economy interaction and the business cycle, extending it in several important ways. In particular, it adopts the Keynesian view of a hierarchy of markets and introduces a detailed financial sector into the traditional Keynesian framework. The approach of the book goes beyond the currently dominant paradigm based on the representative agent, market clearing and rational economic agents. Instead it proposes an economy populated with heterogeneous, rationally bounded agents attempting to cope with disequilibria in various markets"-- _cProvided by publisher. |
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588 | _aMachine converted from AACR2 source record. | ||
650 | 0 |
_aMacroeconomics _9320289 |
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650 | 0 |
_aBusiness cycles. _9314888 |
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650 | 0 |
_aFinancial crises _9327133 |
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650 | 0 |
_aKeynesian economics. _9319744 |
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856 | 4 | 2 |
_3Contributor biographical information _uhttp://catdir.loc.gov/catdir/enhancements/fy1108/2011011256-b.html |
907 |
_a.b12191528 _b10-06-19 _c28-10-15 |
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