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Asset Prices and the Real Economy (Studies in Banking and International Finance)
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Description for Asset Prices and the Real Economy (Studies in Banking and International Finance)
Hardcover. The contributors to this volume discuss the significance of debt inflation in relation to the recession of the early 1990s. The overall argument is that the behaviour of asset prices should not be of great concern to policy makers, or to those attempting to understand economic behaviour. Editor(s): Capie, Forrest; Wood, Geoffrey E. Series: Studies in Banking & International Finance. Num Pages: 286 pages, biography. BIC Classification: KCBM. Category: (P) Professional & Vocational; (UP) Postgraduate, Research & Scholarly; (UU) Undergraduate. Dimension: 221 x 142 x 31. Weight in Grams: 466.
The recession which many countries experienced in the early 1990s had certain unusual aspects. Most notably, and common to all countries, was the behaviour of asset prices relative to the general price level. In consequence, reasons were sought to explain the special characteristics of the recession and as a result of the behaviour of asset prices attention turned to 'Debt-Deflation Theories' associated in different forms with Keynes and Irving Fisher. The contributors to this volume discuss the significance of debt deflation. Their striking common feature is that, on the evidence presented here, the behaviour of asset prices should not be ... Read more
The recession which many countries experienced in the early 1990s had certain unusual aspects. Most notably, and common to all countries, was the behaviour of asset prices relative to the general price level. In consequence, reasons were sought to explain the special characteristics of the recession and as a result of the behaviour of asset prices attention turned to 'Debt-Deflation Theories' associated in different forms with Keynes and Irving Fisher. The contributors to this volume discuss the significance of debt deflation. Their striking common feature is that, on the evidence presented here, the behaviour of asset prices should not be ... Read more
Product Details
Format
Hardback
Publication date
1997
Publisher
St Martins Pr
Number of pages
304
Condition
New
Series
Studies in Banking & International Finance
Number of Pages
286
Place of Publication
Basingstoke, United Kingdom
ISBN
9780333628928
SKU
V9780333628928
Shipping Time
Usually ships in 15 to 20 working days
Ref
99-15
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