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Economics of information and credit – new financial theory (2003) ISBN: 4130402099 [Japanese Import]
Author(s): Joseph E Stiglitz, Bruce C N Greenwald, Jun'ichi Naitō, Nobuyoshi Yamori (Author)
- Publisher: Tōkyō : Tōkyō Daigaku Shuppankai, 2003.
- Publication Date: October 1, 2003
- Language: Japanese
- ISBN-10: 4130402099
- ISBN-13: 9784130402095
Book Description
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.
