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Keynes on Monetary Policy, Finance and Uncertainty
- Liquidity Preference Theory and the Global Financial Crisis
Engelsk
Bogcover for Keynes on Monetary Policy, Finance and Uncertainty af Jorg Bibow, 9780415616478
Specifikationer
Sprog:
Engelsk
Sider:
262
ISBN-13:
9780415616478
Indbinding:
Paperback
ISBN-10:
0415616476
Kategori:
Udg. Dato:
26 apr 2011
Størrelse i cm:
15,8 x 23,5 x 2,3
Oplagsdato:
26 apr 2011
Forfatter(e):

Keynes on Monetary Policy, Finance and Uncertainty

- Liquidity Preference Theory and the Global Financial Crisis
Engelsk
Paperback 2011
Format:

Bog beskrivelse

This book provides a reassessment of Keynes’ theory of liquidity preference. It argues that the failure of the Keynesian revolution to be made in either theory or practice owes importantly to the fact that the role of liquidity preference theory as a pivotal element in Keynes’ General Theory has remained underexplored and indeed widely misunderstood even among Keynes’ followers and until today. The book elaborates on and extends Keynes’ conceptual framework, moving it from the closed economy to the global economy context, and applies liquidity preference theory to current events and prominent hypotheses in global finance.

Jörg Bibow presents Keynes’ liquidity preference theory as a distinctive and highly relevant approach to monetary theory offering a conceptual framework of general applicability for explaining the role and functioning of the financial system. He argues that, in a dynamic context, liquidity preference theory may best be understood as a theory of financial intermediation. Through applications to current events and prominent hypotheses in global finance, this book underlines the richness, continued relevance, and superiority of Keynes’ theory of liquidity preference; with Hyman Minsky standing out for developing Keynes’ vision of financial capitalism.

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Specifikationer
Sprog:
Engelsk
Sider:
262
ISBN-13:
9780415616478
Indbinding:
Paperback
ISBN-10:
0415616476
Kategori:
Udg. Dato:
26 apr 2011
Størrelse i cm:
15,8 x 23,5 x 2,3
Oplagsdato:
26 apr 2011
Forfatter(e):
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