The Challenge of Financial Stability: A New Model and Its Applications - Rilegato

Goodhart, Charles A. E.; Tsomocos, Dimitrios P.

Rilegato

ISBN 10: 1847208940 ISBN 13: 9781847208941

Casa editrice: Edward Elgar Pub, 2012

Riassunto

The achievement of financial stability is one of the most pressing issues today. This timely and innovative book provides an analytical framework to assess financial (in)stability as an equilibrium phenomenon compatible with the orderly functioning of a modern market economy.

The authors expertly show how good regulatory policy can be implemented and that its effects on the real as well as the nominal side of the economy can be properly analyzed. The core of their approach is to take realistic account of the interaction between endogenous default, agent heterogeneity and money and liquidity, and suggest how a quantifiable metric of financial fragility could be developed.

This insightful book will serve as a basis for future work on financial stability management for both academics and policy makers and provide guidance on how to undertake crisis prevention and resolution.

Su questo libro

Informazioni sull'autore

Charles A.E. Goodhart, Emeritus Professor of Banking and Finance, and long-standing member of the Financial Markets Group, at the London School of Economics, UK and Dimitrios P. Tsomocos, Professor University Reader in Financial Economics and Fellow in Management, Saïd Business School and St. Edmund Hall, University of Oxford, UK

Dettagli dell'edizione

• Editore: Edward Elgar Pub
• Data di pubblicazione: 2012
• Lingua: Inglese
• ISBN 10: 1847208940
• ISBN 13: 9781847208941
• Rilegatura: Copertina rigida
• Numero di pagine: 349
• Contatto del produttore: non disponibile
• Persona responsabile: non disponibile