Towards a new paradigm in monetary economics / Joseph Stiglitz.

By: Stiglitz, JosephContributor(s): Greenwald, BruceSeries: Raffaele mattioli lectures: Publisher: [S.l.] : Cambridge University Press, 2003Description: 344 p. ; 22 cmISBN: 0521810345; 9780521810340Subject(s): Economics | International economics | Macroeconomics | Monetary economics | Business & Economics | Business / Economics / Finance | Business/Economics | Banks & Banking | Business & Economics / Economics / General | Business & Economics / Economics / Macroeconomics | Economics - General | Money & Monetary Policy | Banks and banking | Monetary policy | Money | Economics: Professional & GeneralDDC classification: 332.4 Online resources: Amazon.com | Amazon customer reviews Summary: 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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332.4 STI (Browse shelf) Available NBS8011
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Hardcover.

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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