000 03534cam a2200421 i 4500
005 20221102163251.0
008 110921s2011 enka b 001 0 eng d
010 _a 2011011256
011 _aBIB MATCHES WORLDCAT
020 _a1107004934
_qhardback
020 _a9781107004931
_qhardback
035 _a(ATU)b12191528
035 _a(OCoLC)707967513
040 _aDLC
_beng
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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.
300 _axxiv, 432 pages :
_billustrations ;
_c26 cm
336 _atext
_btxt
_2rdacontent
337 _aunmediated
_bn
_2rdamedia
338 _avolume
_bnc
_2rdacarrier
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.
588 _aMachine converted from AACR2 source record.
650 0 _aMacroeconomics
_9320289
650 0 _aBusiness cycles.
_9314888
650 0 _aFinancial crises
_9327133
650 0 _aKeynesian economics.
_9319744
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
942 _cB
945 _a330.90511 FIN
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