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Look Inside Towards a New Paradigm in Monetary Economics

Towards a New Paradigm in Monetary Economics

$119.99 (Z)

Part of Raffaele Mattioli Lectures

  • Date Published: October 2003
  • availability: Available
  • format: Hardback
  • isbn: 9780521810340

$119.99 (Z)

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About the Authors
  • 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.

    • Stiglitz is one of the world's most highly regarded yet controversial and high profile economists, recently Senior Vice President of World Bank and Winner of the 2001 Nobel Prize for Economics
    • Outlines new approach to monetary economics
    • Important policy implications
    Read more


    • Professor Joseph E. Stiglitz is the winner of the 2001 Nobel Prize for Economics

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    Product details

    • Date Published: October 2003
    • format: Hardback
    • isbn: 9780521810340
    • length: 344 pages
    • dimensions: 216 x 140 x 24 mm
    • weight: 0.59kg
    • availability: Available
  • Table of Contents

    Part I. Theory:
    1. Reflections on the current state of monetary economics
    2. How finance differs
    3. The ideal banking system
    4. Restricted banking
    5. Market equilibrium
    6. From the corn economy to the monetary economy
    7. Towards a general equilibrium theory of credit
    Part II. Applications:
    8. Monetary policy
    9. Regulatory policy and the new paradigm
    10. Financial market liberalization
    11. Restructuring the banking sector
    12. Regional downturns and development of monetary policy
    13. The East Asia Crisis
    14. The 1991 US recession and the recovery
    15. The new paradigm and the new economy
    16. Concluding remarks.

  • Authors

    Joseph Stiglitz, Columbia University, New York
    Professor of Economics, Stanford University and Senior Research Fellow of Brookings Institution. Formerly Senior Vice President and Chief Economist at World Bank.

    Bruce Greenwald, Columbia University, New York
    Professor of Finance, Columbia Business School.

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