Author: Toni Beutler
Publisher:
ISBN: 9783952336144
Category :
Languages : en
Pages : 128

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Book Description

Author: Alessandra Bonfiglioli
Publisher:
ISBN:
Category : International finance
Languages : en
Pages : 136

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Book Description

Author: Graham Bird
Publisher: Springer
ISBN: 1349095885
Category : Business & Economics
Languages : en
Pages : 308

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Book Description
This collection of articles and papers has been organised under a limited number of specific themes in international financial economics, including balance of payment theory and policy, the activities of the IMF, Special Drawing Rights, the role of the private financial markets, and the international economic order. A unifying theme running through all the essays is that some degree of management of international financial affairs is desirable. The book has a strong policy orientation and should be of interest to students and practitioners of international financial economics alike.

Author: Steven M. Fazzari
Publisher: Routledge
ISBN: 1317470575
Category : Business & Economics
Languages : en
Pages : 209

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Book Description
This collection of papers on financial instability and its impact on macroeconomic performance honours Hyman P. Minsky and his lifelong work. It is based on a conference at Washington University, St. Louis, in 1990 and includes among the authors Benjamin M. Friedman, Charles P. Kindleberger, Jan Kregel and Steven Fazzari. These papers consider Minsky's definitive analysis that yields such a clear and disturbing sequence of financial events: booms, government intervention to prevent debt contraction and new booms that cause a progressive buildup of new debt, eventually leaving the economy much more fragile financially.

Author: Chia-Yi Yen
Publisher:
ISBN:
Category :
Languages : en
Pages : 0

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Book Description

Author: Giuseppe Fontana
Publisher: Springer
ISBN: 0230285589
Category : Business & Economics
Languages : en
Pages : 363

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Book Description
This volume focuses on current issues of debate in the area of modern macroeconomics and money, written from (a broadly interpreted) post Keynesian perspective. The papers connect with Philip Arestis' contributions to macroeconomics and money, and pay tribute to his distinguished career.

Author: Ariel Zetlin-Jones
Publisher:
ISBN:
Category :
Languages : en
Pages : 183

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Book Description

Author: Francisco Queirós
Publisher:
ISBN:
Category :
Languages : en
Pages : 219

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Book Description
This thesis is composed of three independent articles. The first two chapters are on the topic of asset bubbles. In the first chapter, I study the interactions between rational asset bubbles and product market competition. I build a theoretical model where I show that asset bubbles, by providing a production or entry subsidy, may have a pro-competitive effect and force firms to expand and cut profit margins. I use the model to interpret the evidence of two famous bubble episodes: the British railway mania of the 1840s and the dotcom bubble of the 1990s. In the second chapter, I provide a comprehensive characterization of non-fundamental stock price fluctuations at the industry level. Among other things, I show that overvaluation shocks tend to be more important in industries with higher profit margins or higher R&D intensity. I also document that, in periods of high over-valuation, stock market entrants tend to be less productive. In the third and last chapter I characterize the evolution of business dynamism in Spain between 1995 and 2007. Consistent with the evidence for other developed countries, I document a significant decline in the Spanish firm entry and exit rates over this period. I also show that, when compared to incumbents of the same industry, young firms have become relatively more productive. I build a model featuring firm dynamics and financial frictions to show how a decline in interest rates can explain these trends.

Author: Franz Gehrels
Publisher: Springer Science & Business Media
ISBN: 3642956599
Category : Business & Economics
Languages : en
Pages : 194

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Book Description
The large aggregates in the economy - consumption, investment, production of the domestic and the international sectors, international capital flows, financial accumulation and indebtedness - are analysed in this book as problems in time-optimisation for enterprises and households. The effects of fiscal and monetary policies along with exchange-rate variation are examined, and their simultaneous use for stabilizing demand are found to be necessary. All household decisions on consumptions, savings, and financial disposition are conditioned by uncertainty, and similarly for firms, who make more complex simultaneous decisions on production, real investment, financing, and market strategy. The marginal efficiency-of-investment function derived from these decisions is fundamentally different from the marginal productivity of capital in the neoclassical sense. An economy which grows through the accumulation of capital, increase in labor supply, and technological progress is the framework in which all of these variables move. This codetermines the allocation of factors between domestic and international production, and the development of foreign trade. The growth both of the public debt and of international investment are treated in depth.

Author: Roberto Dieci
Publisher: Springer
ISBN: 3319074709
Category : Business & Economics
Languages : en
Pages : 384

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Book Description
This book reflects the state of the art on nonlinear economic dynamics, financial market modelling and quantitative finance. It contains eighteen papers with topics ranging from disequilibrium macroeconomics, monetary dynamics, monopoly, financial market and limit order market models with boundedly rational heterogeneous agents to estimation, time series modelling and empirical analysis and from risk management of interest-rate products, futures price volatility and American option pricing with stochastic volatility to evaluation of risk and derivatives of electricity market. The book illustrates some of the most recent research tools in these areas and will be of interest to economists working in economic dynamics and financial market modelling, to mathematicians who are interested in applying complexity theory to economics and finance and to market practitioners and researchers in quantitative finance interested in limit order, futures and electricity market modelling, derivative pricing and risk management.