Towards a New Paradigm in Monetary Economics Reviews

Author: Joseph Stiglitz
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Publisher: Cambridge University Press
Binding: Paperback
ISBN: 0521008050
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Towards a New Paradigm in Monetary Economics (Raffaele Mattioli Lectures)

Expanding upon the literature of new institutional economics, the first part of this study stresses the significance of imperfections in information, bankruptcy and banks.Towards a New Paradigm in Monetary Economics review. Read full reviews of Towards a New Paradigm in Monetary Economics.

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Towards a New Paradigm in Monetary Economics presents a fundamentally new approach to monetary ecList of Figures and TableThe Raffaele Mattioli LecturesPrefacePart I : THE PRINCIPLES OF THE NEW PARADIGM :1. Reflections on the Current State of Mone

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Towards a New Paradigm for Monetary Economics presents a pioneer treatment of critical topics in monetary economics. Unlike the prevailing monetary theory, this book focuses not on the role of money in facilitating transactions, but on the role of credit in facilitating economic activities more broadly. The 'new paradigm' emphasizes the demand and supply of loanable funds, which in turn requires the understanding of the imperfections of information and the role of banks. One enlightening view is that credit is quite different from other commodities in the sense that the former is based on info

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Towards a New Paradigm in Monetary Economics, ISBN-13: 9780521008051, ISBN-10: 0521008050

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Cambridge University Press | 2003 | 344 pages | ISBN-13: 9780521008051 | ISBN-10: 0521008050 | You save 5%

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Expanding upon the literature of new institutional economics, the first part of this study stresses the significance of imperfections in information, bankruptcy and banks. The second part examines the policy implications of the new paradigm emphasizing loanable fund demand and supply, and demonstrates its relevance to our understanding of two recent historical episodes -- the East Asian financial crisis and the 1991 US recession and subsequent recovery and boom. Author: Stiglitz, Joseph E., Greenwald, Bruce C. ISBN-10: 0521008050

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Towards a New Paradigm in Monetary Economics Reviews

The second part examines the policy implications of the new paradigm emphasizing loanable fund demand and supply, and demonstrates its relevance to our understanding of two recent historical episodes--the East Asian financial crisis and the 1991 U.S. recession and subsequent recovery and boom.