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Towards a New Paradigm in Monetary Economics (Raffaele Mattioli Lectures)

paperback – September 29, 2003
by Stiglitz, Joseph
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ISBN-13: 9780521008051 ISBN-10: 0521008050
Publisher
Cambridge University Press
Binding
paperback
Published
September 29, 2003
Weight
0.5 lbs
Dimensions
21.60×2.30×13.90 cm

About this book

Towards a New Paradigm in Monetary Economics (Raffaele Mattioli Lectures) by Stiglitz, Joseph. paperback edition. ISBN: 9780521008051.

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.