Financial Assets, Debt and Liquidity Crises: A Keynesian Approach

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dc.contributor.author Charpe, M
dc.contributor.author Chiarella, C
dc.contributor.author Flaschel, P
dc.contributor.author Semmler, W
dc.date.accessioned 2012-10-12T03:30:52Z
dc.date.issued 2011-01
dc.identifier.citation 2011, 1st
dc.identifier.isbn 978-1-107-00493-1
dc.identifier.other A1 en_US
dc.identifier.uri http://hdl.handle.net/10453/17717
dc.description.abstract The macroeconomic development of most major industrial economies is characterised by boom-bust cycles. Normally such boom-bust cycles are driven by specific sectors of the economy. In the financial meltdown of the years 2007-2009 it was the credit sector and the real-estate sector that were the main driving forces. This book takes on the challenge of interpreting and modelling this meltdown. In doing so it revives the traditional Keynesian approach to the financial-real economy interaction and the business cycle, extending it in several important ways. In particular, it adopts the Keynesian view of a hierarchy of markets and introduces a detailed financial sector into the traditional Keynesian framework. The approach of the book goes beyond the currently dominant paradigm based on the representative agent, market clearing and rational economic agents. Instead it proposes an economy populated with heterogeneous, rationally bounded agents attempting to cope with disequilibria in various markets.
dc.publisher Cambridge University Press
dc.title Financial Assets, Debt and Liquidity Crises: A Keynesian Approach
dc.type Book
dc.journal.number en_US
dc.publocation US en_US
dc.identifier.startpage en_US
dc.identifier.endpage en_US
dc.cauo.name BUS.School of Finance and Economics en_US
dc.conference Verified OK en_US
dc.for 1402 Applied Economics
dc.personcode 716350
dc.percentage 100 en_US
dc.classification.name Applied Economics en_US
dc.classification.type FOR-08 en_US
dc.edition 1st en_US
dc.custom en_US
dc.date.activity en_US
dc.location.activity en_US
dc.description.keywords en_US
pubs.embargo.period Not known
pubs.organisational-group /University of Technology Sydney
pubs.organisational-group /University of Technology Sydney/Faculty of Business
pubs.organisational-group /University of Technology Sydney/Faculty of Business/Finance
pubs.organisational-group /University of Technology Sydney/Strength - Quantitative Finance
utslib.copyright.status Open Access
utslib.copyright.date 2015-04-15 12:23:47.074767+10
utslib.collection.history Finance (ID: 371)
utslib.collection.history General (ID: 2)


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