Financial Assets, Debt and Liquidity Crises - A Keynesian Approach

Informationen zum Autor Matthieu Charpe works as an economist for the International Institute for Labour Studies at the International Labour Organization in Geneva. Carl Chiarella is Emeritus Professor and Professor of Quantitative Finance in the School of Finance and Economics at the University of Technology, Sydney. Peter Flaschel is Emeritus Professor in the Faculty of Economics at Bielefeld University. Willi Semmler is Professor of Economics at The New School for Social Research, New York. Klappentext This book shows how the Keynesian approach to business cycles can be used to explain and understand the current financial crisis. Zusammenfassung The current financial crisis has led to a renewed interest in Keynesian economic models because they allow for a stronger relationship between the financial sector and the 'real' economy. This book shows how we can extend the Keynesian approach to explain a variety of phenomena related to the current crisis. Inhaltsverzeichnis List of figures; List of tables; Notation; Preface; 1. Financial crises and the macroeconomy; Part I. The Nonlinear Dynamics of Credit and Debt Default: 2. Currency crises, credit crunches and large output loss; 3. Mortgage loans, debt default and the emergence of banking crises; 4. Debt deflation and the descent into economic depression; Part II. Theoretical Foundations for Structural Macroeconometric Model Building: 5. Keynesian macroeconometric model building: a point of departure; 6. Intensive form and steady state calculations; 7. Partial feedback structures and stability issues; Part III. Debt Crises: Firms, Banks and the Housing Markets: 8. Debt deflation: from low- to high-order macrosystems; 9. Debt default, bankruptcy of firms, and banks' performances; 10. Japan's institutional configuration and its financial crisis; 11. Housing investment cycles, workers' debt and debt default; Bibliography.

Product details

• Authors: Matthieu Charpe, Matthieu (International Labour Organisatio Charpe, Matthieu Chiarella Charpe, Charpe Matthieu, Carl Chiarella, Chiarella Carl, Peter Flaschel, Flaschel Peter, Semmler Willi
• Publisher: Cambridge University Press ELT
• Languages: English
• Product format: Paperback / Softback
• Released: 06.08.2015
• EAN: 9781107546660
• ISBN: 978-1-107-54666-0
• No. of pages: 458
• Subjects: Social sciences, law, business > Business > Miscellaneous; BUSINESS & ECONOMICS / Economic History, BUSINESS & ECONOMICS / Economics / Macroeconomics, BUSINESS & ECONOMICS / Finance / General, BUSINESS & ECONOMICS / Industries / Service, macroeconomics, Economic & financial crises & disasters, Economic and financial crises and disasters, Financial services industry, Hospitality and service industries, Finance and the finance industry