Endogenous Cycles in a Stiglitz-Weiss Economy

Endogenous Cycles in a Stiglitz-Weiss Economy PDF Author: Javier Suarez
Publisher:
ISBN:
Category : Business cycles
Languages : en
Pages : 50

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Book Description

Endogenous Cycles in a Stiglitz-Weiss Economy

Endogenous Cycles in a Stiglitz-Weiss Economy PDF Author: Javier Suarez
Publisher:
ISBN:
Category : Business cycles
Languages : en
Pages : 50

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Book Description


Credit, Intermediation, and the Macroeconomy

Credit, Intermediation, and the Macroeconomy PDF Author: Sudipto Bhattacharya
Publisher:
ISBN: 9780199243068
Category : Credit
Languages : en
Pages : 934

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Book Description
Developments in theories of financial markets and institutions, using the tools of the economics of uncertainty and of contracts, as well as results in game theory, have, over the last two decades, constituted an exciting and burgeoning field of research. This collection of readings drawstogether highlights of the 'second generation' literature in this area, emphasizing the theoretical, institutional, and policy-oriented regulatory implications of some of the key modelling techniques in the field.The collection divides into seven sections covering the monitoring role of banks and other intermediaries; liquidity demand and the role of banks and the government; bank runs and financial crises; bank regulation; inter-bank competition and bank--firm relationships; comparative financial systems;and imperfect credit markets and the macroeconomy. Each section comprises four articles previously published in top-ranking economics and finance journals, plus a discussion by a prominent scholar, who provides a synthesis and critique of the literature, and suggests promising directions for futureresearch and application of results.

New Research in Corporate Finance and Banking

New Research in Corporate Finance and Banking PDF Author: Bruno Biais
Publisher: Oxford University Press, USA
ISBN: 9780199243235
Category : Business & Economics
Languages : en
Pages : 396

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Book Description
This text is a reflection of research carried out by European scholars into financial economics. Topics discussed include asset pricing in the context of perfect markets, take-over bids, and the interplay between banks and financial markets.

Central Banking, Asset Prices and Financial Fragility

Central Banking, Asset Prices and Financial Fragility PDF Author: Éric Tymoigne
Publisher: Routledge
ISBN: 1135976732
Category : Business & Economics
Languages : en
Pages : 337

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Book Description
In this book Tymoigne argues that financial stability should be the sole goal of central banks and suggests an alternative to the inflation targeting framework showing how interest-rate policy can help to solve some of the problems faced by central bankers.

Endogenous Cycles in a Stiglitz-Weiss Economy

Endogenous Cycles in a Stiglitz-Weiss Economy PDF Author: Javier Suárez
Publisher:
ISBN: 9788477934219
Category : Business cycles
Languages : en
Pages : 29

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Book Description


The Theory of Corporate Finance

The Theory of Corporate Finance PDF Author: Jean Tirole
Publisher: Princeton University Press
ISBN: 1400830222
Category : Business & Economics
Languages : en
Pages : 657

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Book Description
"Magnificent."—The Economist From the Nobel Prize–winning economist, a groundbreaking and comprehensive account of corporate finance Recent decades have seen great theoretical and empirical advances in the field of corporate finance. Whereas once the subject addressed mainly the financing of corporations—equity, debt, and valuation—today it also embraces crucial issues of governance, liquidity, risk management, relationships between banks and corporations, and the macroeconomic impact of corporations. However, this progress has left in its wake a jumbled array of concepts and models that students are often hard put to make sense of. Here, one of the world's leading economists offers a lucid, unified, and comprehensive introduction to modern corporate finance theory. Jean Tirole builds his landmark book around a single model, using an incentive or contract theory approach. Filling a major gap in the field, The Theory of Corporate Finance is an indispensable resource for graduate and advanced undergraduate students as well as researchers of corporate finance, industrial organization, political economy, development, and macroeconomics. Tirole conveys the organizing principles that structure the analysis of today's key management and public policy issues, such as the reform of corporate governance and auditing; the role of private equity, financial markets, and takeovers; the efficient determination of leverage, dividends, liquidity, and risk management; and the design of managerial incentive packages. He weaves empirical studies into the book's theoretical analysis. And he places the corporation in its broader environment, both microeconomic and macroeconomic, and examines the two-way interaction between the corporate environment and institutions. Setting a new milestone in the field, The Theory of Corporate Finance will be the authoritative text for years to come.

Handbook of Critical Issues in Finance

Handbook of Critical Issues in Finance PDF Author: Jan Toporowski
Publisher: Edward Elgar Publishing
ISBN: 1849805954
Category : Business & Economics
Languages : en
Pages : 339

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Book Description
This vital new Handbook is an authoritative volume presenting key issues in finance that have been widely discussed in the financial markets but have been neglected in textbooks and the usual compilations of conventional academic wisdom. A wide range of topics including the recent economic crisis, capital controls, the Franc Zone, quantitative easing and securitization, as well as the key controversies associated with them, are explored and explained in depth by well-known authorities in finance and economics. Designed to complement and expand upon standard textbooks as well as the specialist critical literature on particular topics in finance, this informative Handbook will prove invaluable to academics, researchers and students focusing on economics, finance and heterodox economics.

The Rise and Fall of Money Manager Capitalism

The Rise and Fall of Money Manager Capitalism PDF Author: Eric Tymoigne
Publisher: Routledge
ISBN: 1135076723
Category : Business & Economics
Languages : en
Pages : 359

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Book Description
The book studies the trends that led to the worst financial crisis since the Great Depression, as well as the unfolding of the crisis, in order to provide policy recommendations to improve financial stability. The book starts with changes in monetary policy and income distribution from the 1970s. These changes profoundly modified the foundations of economic growth in the US by destroying the commitment banking model and by decreasing the earning power of households whose consumption has been at the core of the growth process. The main themes of the book are the changes in the financial structure and income distribution, the collapse of the Ponzi process in 2007, and actual and prospective policy responses. The objective is to show that Minsky’s approach can be used to understand the making and unfolding of the crisis and to draw some policy implications to improve financial stability.

Endogenous Innovations and Knowledge Spillovers

Endogenous Innovations and Knowledge Spillovers PDF Author: Werner Smolny
Publisher: Springer Science & Business Media
ISBN: 3642576966
Category : Business & Economics
Languages : en
Pages : 283

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Book Description
The recent development of endogenous growth theories has renewed the in terest into the sources of productivity growth of the advanced industrialized economies. The basic advance of these models is that the evolution of tech nological progress is explained endogeneously within the economic model. The most important concept is the idea of endogenous, market-driven inno vations which are seen as the basic source of technological advances. Firms develop sophisticated production techniques and new products in order to reduce costs or to stimulate demand. Equally important is the concept of knowledge spillovers from innovation activities and scale economies associ ated with them. External effects drive a wedge between private and social re turns of innovation activities, and scale economies affect the market structure. In addition, each year's productivity increases exhibit an enormous social value. Therefore, the analysis of endogenous innovations, scale economies, and knowledge spillovers has important implications for economic policy which enhances the interest into empirical investigations of these issues. This book is a collection of theoretical and empirical work on this subject. It combines micro economic and macroeconomic issues; a special emphasis is placed on empirical applications. Much work has been devoted to the search and the preparation of appropriate data, and all models are estimated with panel data. The first two chapters take an aggregate view at the growth process.

Financial Derivatives

Financial Derivatives PDF Author: Simon Grima
Publisher: Emerald Group Publishing
ISBN: 178973245X
Category : Business & Economics
Languages : en
Pages : 249

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Book Description
Should we fear financial derivatives, or embrace them? Finance experts Simon Grima and Eleftherios I. Thalassinos explore what financial derivatives are, and whether the investment world should consider them useful tools, or a complete waste of time and money.