Author(s): Joseph Stiglitz (Author), Bruce Greenwald (Author)
Publisher: Cambridge University Press
Publication Date: September 29, 2003
Language: English
Print length: 344 pages
ISBN-10: 0521008050
ISBN-13: 9780521008051
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.
Editorial Reviews
Review
‘… recommended reading for all monetary economists and practitioners alike.’ International Affairs
‘Overall this is an excellent contribution to our understanding of the functioning of modern financial markets. It will become essential reading for students, researchers, practitioners and policy-makers with an interest in the behaviour of monetary and financial systems.’ Journal of International Development
Book Description
A pioneer treatment of monetary economics written by two of world’s leading authorities.
About the Author
Professor of Economics, Stanford University and Senior Research Fellow of Brookings Institution. Formerly Senior Vice President and Chief Economist at World Bank.
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