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Author : Andrés Solimano
Publisher : Cambridge University Press
Page : 241 pages
File Size : 42,5 Mb
Release : 2020-02-20
Category : Business & Economics
ISBN : 9781108485043
Examines the array of financial crises, slumps, depressions and recessions that happened around the globe during the twentieth century.
Author : Timothy Jerome Kehoe,Edward C. Prescott
Publisher : Unknown
Page : 500 pages
File Size : 41,5 Mb
Release : 2007
Category : Business & Economics
ISBN : STANFORD:36105124218640
The worldwide Great Depression of the 1930s was a watershed for both economic thought and economic policymaking. It led to the belief that market economies are inherently unstable and to the revolutionary work of John Maynard Keynes. Its impact on popular economic wisdom is still apparent today. Great Depressions of the Twentieth Century, which uses a common framework to study sixteen depressions from the interwar period in Europe and America, as well as from more recent times in Japan and Latin America, challenges the Keynesian theory of depressions. It develops and uses a methodology for studying depressions that relies on growth accounting and the general equilibrium growth model. Different chapters in this book analyze the depressions in Canada, France, Germany, Italy, the United Kingdom, and the United States in the 1930s, the depressions in Argentina, Brazil, Chile, and Mexico in the 1980s, and recent depressions in Argentina, Finland, Japan, New Zealand, and Switzerland. Besides the editors themselves, the contributors are Pedro Amaral, Paul Beaudry, Raphael Bergoeing, Mirta Bugarin, Harold Cole, Juan Carlos Conesa, Mario Crucini, Roberto Ellery, Victor Gomes, Jonas Fisher, Fumio Hayashi, Andreas Hornstein, James Kahn, Patrick Kehoe, Finn Kydland, James MacGee, Lee Ohanian, Fabrizio Perri, Franck Portier, Vincenzo Quadrini, Kim Ruhl, Raimundo Soto, Arilton Teixeira, and Carlos Zarazaga.
Author : Michael D. Bordo,Athanasios Orphanides
Publisher : University of Chicago Press
Page : 545 pages
File Size : 50,9 Mb
Release : 2013-06-28
Category : Business & Economics
ISBN : 9780226066950
Controlling inflation is among the most important objectives of economic policy. By maintaining price stability, policy makers are able to reduce uncertainty, improve price-monitoring mechanisms, and facilitate more efficient planning and allocation of resources, thereby raising productivity. This volume focuses on understanding the causes of the Great Inflation of the 1970s and ’80s, which saw rising inflation in many nations, and which propelled interest rates across the developing world into the double digits. In the decades since, the immediate cause of the period’s rise in inflation has been the subject of considerable debate. Among the areas of contention are the role of monetary policy in driving inflation and the implications this had both for policy design and for evaluating the performance of those who set the policy. Here, contributors map monetary policy from the 1960s to the present, shedding light on the ways in which the lessons of the Great Inflation were absorbed and applied to today’s global and increasingly complex economic environment.
Author : Mr.Ayhan Kose,Mr.Stijn Claessens,Mr.Marco Terrones
Publisher : International Monetary Fund
Page : 77 pages
File Size : 50,6 Mb
Release : 2008-12-01
Category : Business & Economics
ISBN : 9781451871326
We provide a comprehensive empirical characterization of the linkages between key macroeconomic and financial variables around business and financial cycles for 21 OECD countries over the period 1960–2007. In particular, we analyze the implications of 122 recessions, 112 (28) credit contraction (crunch) episodes, 114 (28) episodes of house price declines (busts), 234 (58) episodes of equity price declines (busts) and their various overlaps in these countries over the sample period. Our results indicate that interactions between macroeconomic and financial variables can play major roles in determining the severity and duration of recessions. Specifically, we find evidence that recessions associated with credit crunches and house price busts tend to be deeper and longer than other recessions. JEL Classification Numbers: E32; E44; E51; F42
Author : Don Peck
Publisher : Broadway Books
Page : 242 pages
File Size : 40,5 Mb
Release : 2012-08-07
Category : Social Science
ISBN : 9780307886538
An editor of The Atlantic best known for his 2010 cover story, "How a New Jobless Era Will Transform America," presents cautionary predictions about American life in the aftermath of the recession that describes long-term consequences being faced by Americans from every walk of life.
Author : Gary B. Gorton
Publisher : Oxford University Press
Page : 296 pages
File Size : 43,9 Mb
Release : 2012-11-02
Category : Business & Economics
ISBN : 9780199986880
Before 2007, economists thought that financial crises would never happen again in the United States, that such upheavals were a thing of the past. Gary B. Gorton, a prominent expert on financial crises, argues that economists fundamentally misunderstand what they are, why they occur, and why there were none in the U.S. from 1934 to 2007. Misunderstanding Financial Crises offers a back-to-basics overview of financial crises, and shows that they are not rare, idiosyncratic events caused by a perfect storm of unconnected factors. Instead, Gorton shows how financial crises are, indeed, inherent to our financial system. Economists, Gorton writes, looked from a certain point of view and missed everything that was important: the evolution of capital markets and the banking system, the existence of new financial instruments, and the size of certain money markets like the sale and repurchase market. Comparing the so-called "Quiet Period" of 1934 to 2007, when there were no systemic crises, to the "Panic of 2007-2008," Gorton ties together key issues like bank debt and liquidity, credit booms and manias, moral hazard, and too-big-too-fail--all to illustrate the true causes of financial collapse. He argues that the successful regulation that prevented crises since 1934 did not adequately keep pace with innovation in the financial sector, due in part to the misunderstandings of economists, who assured regulators that all was well. Gorton also looks forward to offer both a better way for economists to think about markets and a description of the regulation necessary to address the future threat of financial disaster.
Author : Carmen M. Reinhart,Kenneth S. Rogoff
Publisher : Princeton University Press
Page : 513 pages
File Size : 54,8 Mb
Release : 2011-08-07
Category : Business & Economics
ISBN : 9780691152646
An empirical investigation of financial crises during the last 800 years.
Author : Carl E. Van Horn
Publisher : Rowman & Littlefield
Page : 227 pages
File Size : 47,6 Mb
Release : 2014-08-06
Category : Business & Economics
ISBN : 9781442238015
Working Scared will help citizens, policy makers, educators, business, union, and community leaders better understand what is happening to the United States workforce. It also describes the essential national priorities and policies that will assist in restoring the American dream of secure employment and intergenerational progress.
Author : Dimitry Kochenov,Kristin Surak
Publisher : Cambridge University Press
Page : 585 pages
File Size : 52,6 Mb
Release : 2023-04-30
Category : Law
ISBN : 9781108492874
The first interdisciplinary empirically-grounded pluri-jurisdictional assessment of the origins, operation and main causes of the growing global investment migration trend.
Author : Andrés Solimano
Publisher : Taylor & Francis
Page : 131 pages
File Size : 44,8 Mb
Release : 2024-05-07
Category : Business & Economics
ISBN : 9781040085233
This book focuses on understanding the thinking of one of the greatest economists of the 20th century, John Maynard Keynes (JMK), stressing the evolution of his thinking from adherence to the classic Quantity Theory of Money to the development of his own novel theories of unemployment, stagnation and instability in modern capitalism and the need to have active policies to combat these malaises. The author dissects Keynes’s three main analytical works that shaped his thinking and policy recommendations: A Tract on Monetary Reform (1923); A Treatise on Money (1930); and The General Theory of Employment, Interest and Money (1936). Thia book undertakes a direct analysis of the texts of each of these three books themselves, rather than drawing on secondary literature studying what Keynes “wanted to say” according to other authors sympathetic or unsympathetic with Keynes’s ideas. It is an ideal text for a reader who wants to know in clear terms the thought of JMK and the historical context in which it evolved and developed. This book will be of significant interest to scholars, students and social researchers in various fields who are often surrounded by excessively technically oriented books about Keynes that often omit the history of ideas.
Author : Gabriel Flynn
Publisher : Springer Nature
Page : 521 pages
File Size : 40,5 Mb
Release : 2022-01-24
Category : Business & Economics
ISBN : 9789402421118
This book offers new and challenging approaches to business ethics that successfully link theory and practice thereby overcoming lacunae and inadequacies in much of the literature concerning ethics and governance, a theme that recurs with remarkable frequency in the history of business ethics as an academic discipline. This work provides imaginative and innovate proposals for the indispensable coupling of virtue, integrity, and character with global business, finance, and banking. The volume seeks to overcome the marginal status of business ethics in universities, business, and enterprise by demonstrating that virtue ethics is an important step in the direction of an adequate response to the leadership issue. This new edition of a popular work points to new ways of achieving an ever more urgent coalescence of ethics and business. It proposes practical advice and viable suggestions to business people on what is right and wrong in business. The volume makes a vital contribution in the area of education that should serve the ongoing development of top leaders. In the important domain of women in leadership, the volume provides new solutions that break boundaries on the global stage. The work challenges unethical marketing of human images with important implications for citizenship and society. The volume contains creative suggestions for the use of spirituality and human development for the enhancement of business and society. The significantly extended second edition includes an exciting line up of leading academics and practitioners in the audacious hope that something may change for the better in the realms of business and banking.
Author : Martin Gutmann,Daniel Gorman
Publisher : Oxford University Press
Page : 577 pages
File Size : 41,6 Mb
Release : 2022-02-24
Category : Business & Economics
ISBN : 9780192664990
Chapter 14 from this book is published open access and free to read or download from Oxford Scholarship Online, https://oxford.universitypressscholarship.com/ Before the UN Sustainable Development Goals enables professionals, scholars, and students engaged with the Sustainable Development Goals (SDGs) to develop a richer understanding of the legacies and historical complexities of the policy fields behind each goal. Each of the seventeen chapters tells the decades- or centuries-old backstory of one SDG and reveals the global human connections, governance tools and frameworks, and the actors involved in past efforts to address sustainable development challenges. Collectively, the seventeen chapters build a historical latticework that reveals the multiple and often interwoven sources that have shaped the challenges later encompassed in the SDGs. Engaging and insightfully written, the book's chapters are authored by international experts from multiple disciplines. The book is an indispensable resource and a vital foundation for understanding the past's indelible footprint on our contemporary sustainable development challenges.
Author : Barry J. Eichengreen
Publisher : Oxford University Press, USA
Page : 521 pages
File Size : 42,6 Mb
Release : 2015
Category : Business & Economics
ISBN : 9780199392001
"A brilliantly conceived dual-track account of the two greatest economic crises of the last century and their consequences"--
Author : Andrés Solimano
Publisher : Routledge
Page : 93 pages
File Size : 40,5 Mb
Release : 2021-09-30
Category : Business & Economics
ISBN : 9781000488128
The Evolution of Contemporary Arts Markets looks at the historical evolution of the art market from the 15th century to the present day. Art is both an expression of human creativity and an object of economic value and financial refuge at times of economic turbulence. Historically, the art market evolved with the development of capitalism, finance and technical change, and art schools responded to social events such as wars, revolutions and waves of democratization. The author discusses the main features of modern art markets such as complexity in art valuation, globalism, segmentation, financialization, indivisibility, liquidity and provenance issues. The book studies the impact of wealth inequality and economic cycles and crises on the art market and features a chapter focusing specifically on the art market in China. This accessible publication is ideal for a broad, interdisciplinary audience including those involved in the economic and financial fields as well as art lovers, art market participants and social and cultural scholars.
Author : Atif Mian,Amir Sufi
Publisher : University of Chicago Press
Page : 238 pages
File Size : 47,7 Mb
Release : 2015-05-20
Category : Business & Economics
ISBN : 9780226277509
“A concise and powerful account of how the great recession happened and what should be done to avoid another one . . . well-argued and consistently informative.” —Wall Street Journal The Great American Recession of 2007-2009 resulted in the loss of eight million jobs and the loss of four million homes to foreclosures. Is it a coincidence that the United States witnessed a dramatic rise in household debt in the years before the recession—that the total amount of debt for American households doubled between 2000 and 2007 to $14 trillion? Definitely not. Armed with clear and powerful evidence, Atif Mian and Amir Sufi reveal in House of Debt how the Great Recession and Great Depression, as well as less dramatic periods of economic malaise, were caused by a large run-up in household debt followed by a significantly large drop in household spending. Though the banking crisis captured the public’s attention, Mian and Sufi argue strongly with actual data that current policy is too heavily biased toward protecting banks and creditors. Increasing the flow of credit, they show, is disastrously counterproductive when the fundamental problem is too much debt. As their research shows, excessive household debt leads to foreclosures, causing individuals to spend less and save more. Less spending means less demand for goods, followed by declines in production and huge job losses. How do we end such a cycle? With a direct attack on debt, say Mian and Sufi. We can be rid of painful bubble-and-bust episodes only if the financial system moves away from its reliance on inflexible debt contracts. As an example, they propose new mortgage contracts that are built on the principle of risk-sharing, a concept that would have prevented the housing bubble from emerging in the first place. Thoroughly grounded in compelling economic evidence, House of Debt offers convincing answers to some of the most important questions facing today’s economy: Why do severe recessions happen? Could we have prevented the Great Recession and its consequences? And what actions are needed to prevent such crises going forward?