Description: Global Imbalances and Financial Capitalism by Jacques Mazier The failure of mainstream economics to accurately predict financial crises highlights the need for alternative frameworks. Global Imbalances and Financial Capitalism demonstrates that Stock-Flow-Consistent models are well adapted to study this growth regime due to their ability to analyse the real and financial sides of the economy. FORMAT Hardcover LANGUAGE English CONDITION Brand New Publisher Description The past few decades have witnessed the emergence of economic imbalances at the world level and within the euro zone. The failure of mainstream economics to accurately predict financial crises, or model the effects of finance-led growth, highlights the need for alternative frameworks. A key text, Global Imbalances and Financial Capitalism: Stock-Flow-Consistent Modelling demonstrates that Stock-Flow-Consistent models are well adapted to study this growth regime due to their ability to analyse the real and financial sides of the economy in an integrated way. This approach is combined with an analysis of exchange rate misalignments using the Fundamental Equilibrium Exchange Rate (FEER) methodology, which serves to give a synthetic view of international imbalances. Together, these models describe how global and regional imbalances are created, as well as suggest appropriate tools through which they may be reduced. The book also considers alternative economic policies in the euro zone (international risk sharing, fiscal federalism, eurobonds, European investments, a multispeed euro zone) alongside alternative monetary policies. In particular, it examines the possibilities of using SDR (Special Drawing Rights) as a reserve asset to be issued to fight a global recession, to support the development of low-income countries, or as an anchor to improve global monetary stability. This text will be of interest to students, scholars, and researchers of economic theory and international monetary economics. It will also appeal to professional organisations who supervise international relations. Author Biography Jacques Mazier is Professor Emeritus at the University Sorbonne Paris Nord, CEPN-CNRS, France. Table of Contents (0) Introduction (a) Part 1 - Finance-led regime and global imbalances: a first glance (1) Chapter 1 A simple finance-led SFC model (2) Chapter 2 Exchange rate misalignments and global imbalances (3) Chapter 3 Global imbalances and macroeconomic adjustments: a three-country SFC model (b) Part 2 - European challenges (4) Chapter 4 From the European Monetary System to the single currency trap (5) Chapter 5 Alternative economic policies in the euro zone (6) Chapter 6 Alternative exchange rate regimes for the euro zone (c) Part 3 - Enhancing regional and international monetary stability (7) Chapter 7 Exploring monetary cooperation in East Asia (8) Chapter 8 Enhancing the role of the SDR (9) Conclusion Review "This is the first book that combines in a systematic way two essential macroeconomic approaches that are essential to our understanding of international macroeconomic imbalances: the well-known Fundamental Equilibrium Exchange Rate (FEER) and the ever-more popular post-Keynesian stock-flow consistent (SFC) approach." - Marc Lavoie, Senior Research Chair, University of Sorbonne Paris Cité, France Review Quote "This is the first book that combines in a systematic way two essential macroeconomic approaches that are essential to our understanding of international macroeconomic imbalances: the well-known Fundamental Equilibrium Exchange Rate (FEER) and the ever-more popular post-Keynesian stock-flow consistent (SFC) approach." - Marc Lavoie, Senior Research Chair, University of Sorbonne Paris Cit Details ISBN113834558X ISBN-10 113834558X ISBN-13 9781138345584 Format Hardcover Series Routledge Frontiers of Political Economy Imprint Routledge Subtitle Stock-Flow-Consistent Modelling Place of Publication London Country of Publication United Kingdom Author Jacques Mazier Publisher Taylor & Francis Ltd Affiliation Universite Paris-13, France Year 2020 DEWEY 338.90015118 Short Title Global Imbalances and Financial Capitalism Language English Publication Date 2020-05-20 UK Release Date 2020-05-20 Pages 310 AU Release Date 2020-05-20 NZ Release Date 2020-05-20 Illustrations 27 Tables, black and white; 58 Illustrations, black and white Alternative 9781032236049 Audience Tertiary & Higher Education We've got this At The Nile, if you're looking for it, we've got it. With fast shipping, low prices, friendly service and well over a million items - you're bound to find what you want, at a price you'll love! TheNile_Item_ID:135085096;
Price: 354.71 AUD
Location: Melbourne
End Time: 2024-12-04T02:13:00.000Z
Shipping Cost: 12.08 AUD
Product Images
Item Specifics
Restocking fee: No
Return shipping will be paid by: Buyer
Returns Accepted: Returns Accepted
Item must be returned within: 30 Days
ISBN-13: 9781138345584
Book Title: Global Imbalances and Financial Capitalism
Item Height: 234 mm
Item Width: 156 mm
Author: Jacques Mazier
Publication Name: Global Imbalances and Financial Capitalism: Stock-Flow-Consistent Modelling
Format: Hardcover
Language: English
Publisher: Taylor & Francis Ltd
Subject: Economics, Accounting
Publication Year: 2020
Type: Textbook
Item Weight: 585 g
Number of Pages: 310 Pages
