Towards a New Paradigm in Monetary Economics 在线电子书 pdf 下载 txt下载 epub 下载 mobi 下载 2024


Towards a New Paradigm in Monetary Economics

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Joseph Stiglitz 作者
Cambridge University Press
译者
2009-12-17 出版日期
344 页数
GBP 35.99 价格
Paperback
丛书系列
9780521008051 图书编码

Towards a New Paradigm in Monetary Economics 在线电子书 图书标签: 经济学  金融学  货币经济学   


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Towards a New Paradigm in Monetary Economics 在线电子书 epub 下载 mobi 下载 pdf 下载 txt 下载 2024

Towards a New Paradigm in Monetary Economics 在线电子书 epub 下载 mobi 下载 pdf 下载 txt 下载 2024

Towards a New Paradigm in Monetary Economics 在线电子书 pdf 下载 txt下载 epub 下载 mobi 下载 2024



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Towards a New Paradigm in Monetary Economics 在线电子书 图书描述

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 information and default risk. The book consists of two parts. The first part develops a basic model of credit based on banks' portfolio choices. The second part is dedicated to the policy implications, among which are the liberalization of financial markets, the East Asian Crisis, the 1991 US recession and the subsequent recovery.

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