杭州电子科技大学图书馆书目检索系统

Online Public Access Catalogue

题名/责任者:

Money in the Great Recession: Did a Crash in Money Growth Cause the Global Slump? (Buckingham Studies in Money, Banking and Central Banking series) Tim Congdon

出版发行项:

EE 2017

ISBN:

9781784717827

载体形态项:

288

翻译题名:

经济大衰退中的钱: 货币增长是否导致全球经济下滑? ( 金融, 银行和中央银行系列白金汉研究)

丛编说明:

Buckingham Studies in Money, Banking and Central Banking

一般附注:

Hardcover

摘要附注:

No issue is more fundamental in contemporary macroeconomics than identifying the causes of the recent Great Recession. The standard view is that the banks were to blame because they took on too much risk, 'went bust' and had to be bailed out by governments. However very few banks actually had losses in excess of their capital. The counter-argument presented in this stimulating new book is that the Great Recession was in fact caused by a collapse in the rate of change of the quantity of money. This was the result of a mistimed and inappropriate tightening of banks' capital regulations, which had vicious deflationary consequences at just the wrong point in the business cycle. Central bankers and financial regulators made serious mistakes. The book's argument echoes that on the causes of the Great Depression made by Milton Friedman and Anna Schwartz in their classic book A Monetary History of the United States. Offering an alternative monetary explanation of the Great Recession, this book is essential reading for all economists working in macroeconomics and monetary economics. It will also appeal to those interested in the wider public policy debates arising from the crisis and its aftermath.Contributors include: P. Booth, J.E. Casta?eda, T. Congdon, C. Goodhart, S. Hanke, D. Laidler, A. Ridley, R. Skidelsky, R. Thomas

豆瓣简介：