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Macroeconomics in Times of Liquidity Crises: Searching for Economic Essentials (Ohlin Lectures)
Guillermo A. Calvo
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Description for Macroeconomics in Times of Liquidity Crises: Searching for Economic Essentials (Ohlin Lectures)
Hardcover. .
An examination of Liquidity Crunch in triggering and characterizing financial crises. Since the subprime mortgage crisis that began in 2007, advanced economies have felt a nagging sense of insecurity. In parallel, the profession has witnessed phenomena that are alien to mainstream macroeconomic models. Financial crises are systemic, occurring simultaneously in different economies. In this book, Guillermo Calvo focuses on liquidity factors as a commonality in financial crises. Specifically, he examines the role of liquidity crunch in triggering crises. He also identifies a fundamental (but overlooked) idea in Keynes's General Theory, termed by Calvo the price ... Read more
An examination of Liquidity Crunch in triggering and characterizing financial crises. Since the subprime mortgage crisis that began in 2007, advanced economies have felt a nagging sense of insecurity. In parallel, the profession has witnessed phenomena that are alien to mainstream macroeconomic models. Financial crises are systemic, occurring simultaneously in different economies. In this book, Guillermo Calvo focuses on liquidity factors as a commonality in financial crises. Specifically, he examines the role of liquidity crunch in triggering crises. He also identifies a fundamental (but overlooked) idea in Keynes's General Theory, termed by Calvo the price ... Read more
Product Details
Publisher
The MIT Press
Format
Hardback
Publication date
2016
Series
Ohlin Lectures
Condition
New
Weight
390g
Number of Pages
264
Place of Publication
Cambridge, Mass., United States
ISBN
9780262035415
SKU
V9780262035415
Shipping Time
Usually ships in 4 to 8 working days
Ref
99-5
About Guillermo A. Calvo
Guillermo A. Calvo is Professor of International and Public Affairs at Columbia University's School for International and Public Affairs. He is the author of Money, Exchange Rates, and Output, Emerging Capital Markets in Turmoil (both published by the MIT Press) and other books.
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