Financial Assets, Debt and Liquidity Crises: A Keynesian Approach

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Show simple item record Charpe, Matthieu en_US Chiarella, Carl en_US Flaschel, Peter en_US Semmler, Willi en_US
dc.contributor.editor en_US 2012-10-12T03:30:52Z 2012-10-12T03:30:52Z 2011 en_US
dc.identifier 2010006167 en_US
dc.identifier.citation Charpe Matthieu et al. 2011, 'Financial Assets, Debt and Liquidity Crises: A Keynesian Approach',Cambridge University Press, US en_US
dc.identifier.issn 978-1-107-00493-1 en_US
dc.identifier.other A1 en_US
dc.description.abstract The macroeconomic development of most major industrial economies is characterised by boom-bust cycles. Normally such boom-bust cycles are driven by specific sectors of the economy. In the financial meltdown of the years 2007-2009 it was the credit sector and the real-estate sector that were the main driving forces. This book takes on the challenge of interpreting and modelling this meltdown. In doing so it revives the traditional Keynesian approach to the financial-real economy interaction and the business cycle, extending it in several important ways. In particular, it adopts the Keynesian view of a hierarchy of markets and introduces a detailed financial sector into the traditional Keynesian framework. The approach of the book goes beyond the currently dominant paradigm based on the representative agent, market clearing and rational economic agents. Instead it proposes an economy populated with heterogeneous, rationally bounded agents attempting to cope with disequilibria in various markets. en_US
dc.language en_US
dc.publisher Cambridge University Press en_US
dc.relation.isbasedon NA en_US
dc.title Financial Assets, Debt and Liquidity Crises: A Keynesian Approach en_US
dc.parent en_US
dc.journal.volume en_US
dc.journal.number en_US
dc.publocation US en_US
dc.identifier.startpage en_US
dc.identifier.endpage en_US BUS.School of Finance and Economics en_US
dc.conference Verified OK en_US
dc.for 140200 en_US
dc.personcode 0000071338 en_US
dc.personcode 716350 en_US
dc.personcode 0000017722 en_US
dc.personcode 0000017791 en_US
dc.percentage 100 en_US Applied Economics en_US
dc.classification.type FOR-08 en_US
dc.edition 1st en_US
dc.custom en_US en_US
dc.location.activity en_US
dc.description.keywords en_US

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