Towards a New Paradigm in Monetary Economics - Джозеф Юджин Стиглиц, Брук Гринвальд

Towards a New Paradigm in Monetary Economics - Джозеф Юджин Стиглиц, Брук Гринвальд
Название:
Towards a New Paradigm in Monetary Economics
Язык:
Английский
Форматы:
PDF
FB2
DJVU
Год:
2003
51
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Expanding upon the literature of new institutional economics, the first part of this study stresses the significance of imperfections in information, bankruptcy and banks. The second part examines the policy implications of the new paradigm emphasizing loanable fund demand and supply, and demonstrates its relevance to our understanding of two recent historical episodes--the East Asian financial crisis and the 1991 U.S. recession and subsequent recovery and boom.
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