Understanding global crises : an emerging paradigm /
This book offers a review of an emerging paradigm that is consistent with the key features of recent global financial crises. This paradigm presents in a transparent way basic analytical elements of the theories of financial and monetary crises and how these elements fit together in macroeconomic an...
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| Format: | eBook |
| Language: | English |
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Cambridge, Massachusetts :
The MIT Press,
[2015]
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| Online Access: | Connect to the full text of this electronic book |
| Summary: | This book offers a review of an emerging paradigm that is consistent with the key features of recent global financial crises. This paradigm presents in a transparent way basic analytical elements of the theories of financial and monetary crises and how these elements fit together in macroeconomic analysis of global crises. Razin surveys the credit implosion that led to a severe banking crisis in Japan in the 1990s, the Asian financial crisis that began in 1997, the global meltdown of 2008, and the Euro-zone crisis. He reviews the analytics of financial fragilities, credit frictions, currency crises, and balance of payments crises, and addresses international capital flows with information frictions. -- |
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| Physical Description: | 1 online resource |
| ISBN: | 9780262327701 0262327708 |
| DOI: | 10.7551/mitpress/9780262028592.001.0001 |