These four were chosen from a larger collection of work because they maintain prominence in current discussions. In other words, the first financial crisis of the twenty-first century has garnered significant interest in rethinking many aspects of macroeconomic and financial economics. Some of the ...
A great financial crisis recently hit the United States and soon moved to Europe, Asia and the rest of the world. The depth of the latest crisis and the number of involved countries have revived interest, which indeed has never disappeared, in the causes of the financial instability and in ...
Financial Crisis Management&RestructuringThe objective of this paper is to empirically test across alternative, apparently observationally equivalent theories of currency crises. Theories of crises are often difficult to distinguish from each other based on the behavior of commonly used predictors. Using a...
This paper uses data from the US economy and finds that among Marxist theories of crisis the marxian law of the falling rate of profit as a result of the increasing composition of capital explains the crisis of the 1970s and the end of the "golden age" of capital accumulation. Despite ...
Following the financial crisis at the end of the twentieth century, regionalisms in the global political economy have evolved in a number of ways. This informative book brings together the leading scholars in the field to provide cutting edge analyses of contemporary regions and regionalist projects...
The second section draws major lessons about shadow banking as posed by the financial crisis of 2007, providing comparative analyses in the US and Europe, and attempts to establish why shadow banking has emerged and matured to the level of a de facto parallel financial system. Finally, the ...
Reports on the speculations created due to a surprise visit of Cardinal Bernard Law to Rome in Early December 2002, amid revelations of sex abuse by priests and signs of financial crisis in the Boston archdiocese. Statement issued...
financial intermediationfractional reserve bankinglegal theory of bankingmoney creationResearchers have predicted radical changes in banking, in particular an 'unbundling of services'. The financial crisis has resulted in further calls for deep ch
It is an interesting fact that most theories of economic instability root unstable behavior almost exclusively in either the financial or the real sector. Marxian crisis theories generally focus on real-sector impediments to balanced growth, as do Keynesian multiplier-accelerator models; in these ...
Goldthorpe (eds), The Political Economy of Inflation (Cambridge, Mass.: Harvard University Press, 1978). Google Scholar P.M. Sweezy, ‘The Economic Crisis in the United States’, Monthly Review, 33, December 1981, p. 8. Google Scholar P.M. Sweezy and H. Magdoff, ‘The Financial ...