Search results for “Macroeconomics institutions instability and the financial system”

Macroeconomics: Institutions, Instability, and the Financial SystemMacroeconomics: Institutions, Instability, and the Financial System integrates the modern monetary framework–based on the 3-equation model of the demand side, the supply side, and the policy maker–with a model of the financial system. The authors comprehensively address the limitations of the mainstream macroeconomic model exposed by the financial crisis and the Eurozone crisis. The text guides the reader through the three principal steps required to integrate the financial system within the m…

By Wendy Carlin Macroeconomics: Institutions, Instability, and the Financial System [Paperback]Macroeconomics: Institutions, Instability, and the Financial System integrates the modern monetary framework–based on the 3-equation model of the demand side, the supply side, and the policy maker–with a model of the financial system. The authors comprehensively address the limitations of the mainstream macroeconomic model exposed by the financial crisis and the Eurozone crisis. The text guides the reader through the three principal steps required to integrate the financial system within the m…

Tectonic Shifts in Financial Markets: People, Policies, and InstitutionsIn this wide-ranging book, Wall Street legend Henry Kaufman recounts the events surrounding the catastrophic collapse of Lehman Brothers from his then vantage point on the board.  He explains how, ironically, the Federal Reserve’s shortcomings contributed to its growing power. And he argues that Dodd-Frank – by sanctioning rather than truly addressing the too‐big‐to‐fail dilemma – squandered a rare opportunity for essential reform. Whether sparring in print with Citicorp’s mercu…

Regulation and Instability in U.S. Commercial Banking: A History of Crises (Palgrave Macmillan Studies in Banking and Financial Institutions)The historical response to bank crises has always been more regulation. A pattern emerges that some may find surprising: regulation often contributes to bank instability. It suppresses competition and effective response to market changes and encourages bankers to take on additional risk. This book offers a valuable history lesson for policy makers….

Macroeconomics: Institutions, Instability, and the Financial System by Carlin, Wendy, Soskice, David 1st edition (2014) PaperbackThe historical response to bank crises has always been more regulation. A pattern emerges that some may find surprising: regulation often contributes to bank instability. It suppresses competition and effective response to market changes and encourages bankers to take on additional risk. This book offers a valuable history lesson for policy makers….

Using the Balance Sheet Approach in Surveillance: Framework and Data Sources and AvailabilityA distinguishing feature of emerging market crises in recent years has been the sudden disruption in the capital accounts of the economy. These crises have highlighted the need for closer attention to macroeconomic vulnerabilities in sectoral balance sheets. This book enhances application of the balance sheet approach to surveillance by taking advantage of new data sets that provide detailed, frequent, and timely financial statistics….