Modern Financial Macroeconomics

This one-of-a-kind text examines the role that financial markets and institutions play in modern macroeconomics. Traditional economics downplays the function of financial systems in macroeconomic thought.

Informationen zum Autor Todd A. Knoop is Associate Professor of Economics and Chair of the Economics and Business department at Cornell College. He is author of Recessions and Depressions: Understanding Business Cycles (2004). He earned his PhD. in Economics from Purdue University. Klappentext This one-of-a-kind text examines the role that financial markets and institutions play in modern macroeconomics. Traditional economics downplays the function of financial systems in macroeconomic thought. Recently, however, economists have increasingly begun turning to microeconomic models of market failure in an effort to explain business cycles and other macroeconomic phenomena. Here, author David Knoop offers a non-technical review of the new advances critical to understanding the macroeconomic impact of financial systems. Particular attention is paid to the role that these systems play in economic instability and to the causes of recessions and depressions in the US and abroad. For the first time, significant developments made in the field of financial macroeconomics over the past decade are outlined.Written in an accessible style, Modern Financial Macroeconomics will appeal to both university students and anyone interested in modern financial developments. Zusammenfassung This one-of-a-kind text examines the role that financial markets and institutions play in modern macroeconomics. Traditional economics downplays the function of financial systems in macroeconomic thought. Inhaltsverzeichnis SECTION I: AN INTRODUCTION TO FINANCE AND ECONOMIC FLUCTUATIONS.Chapter 1: The Basics of Financial Markets and Financial Institutions.Chapter 2: A Brief History of the Evolution of Finance.Chapter 3: The Facts of Business Cycles.SECTION II: MACROECONOMIC THEORY AND THE ROLE OF FINANCE.Chapter 4: Early Theories of Finance and Economic Activity.Chapter 5: Keynesian, Monetarist, and Neoclassical Theories.Chapter 6: New Institutional Theories of Finance: Models of Risk and the Costs of Financing.Chapter 7: New Institutional Theories of Finance: Models of Credit Rationing.SECTION III: FINANCIAL VOLATILITY AND ECONOMIC [IN]STABILITY.Chapter 8: The Role of Financial Systems in Monetary and Stabilization policy.Chapter 9: Banking Crises and Asset Bubbles.SECTION IV: INTERNATIONAL FINANCE AND FINANCIAL CRISES.Chapter 10: Twin Crises and Depressions.Chapter 11: International Capital Flows and Crises.SECTION V: CONCLUSIONS.Chapter 12: Is Understanding Finance the Key to Understanding Modern Economics?...

Auteur
Todd A. Knoop is Associate Professor of Economics and Chair of the Economics and Business department at Cornell College. He is author of Recessions and Depressions: Understanding Business Cycles (2004). He earned his PhD. in Economics from Purdue University.

Contenu
SECTION I: AN INTRODUCTION TO FINANCE AND ECONOMIC FLUCTUATIONS. Chapter 1: The Basics of Financial Markets and Financial Institutions. Chapter 2: A Brief History of the Evolution of Finance. Chapter 3: The Facts of Business Cycles. SECTION II: MACROECONOMIC THEORY AND THE ROLE OF FINANCE. Chapter 4: Early Theories of Finance and Economic Activity. Chapter 5: Keynesian, Monetarist, and Neoclassical Theories. Chapter 6: New Institutional Theories of Finance: Models of Risk and the Costs of Financing. Chapter 7: New Institutional Theories of Finance: Models of Credit Rationing. SECTION III: FINANCIAL VOLATILITY AND ECONOMIC [IN]STABILITY. Chapter 8: The Role of Financial Systems in Monetary and Stabilization policy. Chapter 9: Banking Crises and Asset Bubbles. SECTION IV: INTERNATIONAL FINANCE AND FINANCIAL CRISES. Chapter 10: Twin Crises and Depressions. Chapter 11: International Capital Flows and Crises. SECTION V: CONCLUSIONS. Chapter 12: Is Understanding Finance the Key to Understanding Modern Economics?