| Description |
1 online resource. |
| Physical Medium |
polychrome |
| Description |
text file |
| Series |
The Ohlin lectures
|
|
Ohlin lectures.
|
| Bibliography |
Includes bibliographical references and index. |
| Contents |
Preface; Introduction; I Toward the Liquidity Approach; 1 Financial Crises and the Slow Mutation of Conventional Wisdom; Crises in Emerging Market Economies: Onset; Crises in Emerging Market Economies: Recovery; The Subprime Crisis; Quantitative Easing, Tapering, and Central Bank Interest Rates; Summary and Next Step; 2 The Liquidity Approach to Financial Crises; Liquidity and Its Demise: Liquidity Crunch; A Resilient Dollar-The Price Theory of Money to the Rescue!; Multiple Currencies; Liquidity Crunch and Sudden Stops: Collateral Damage. |
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Policy Challenges under Liquidity Deflation, and Other Forms of Liquidity MischiefComplementary Notes on the Price Theory of Money; A Semantic Note; Summary and Implications; 3 Monetary Theory: Overview and Liquidity Extensions; Modeling "Money": Some Basic Issues; A Barebones Central Bank Rational Expectations Model; Accounting for Liquidity Effects: Demand Side; Accounting for Liquidity Effects: Supply Side; Banks and Credit; Monetary Theory in Times of Crisis: A Critical Assessment; 4 Nominal Anchoring with Liquid Monetary Policy Assets; Taylor's Principle and Total Liquidity. |
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Flexible PricesStaggered Prices; Closing Remarks; 5 Liquidity Crunch/Trap: Some Unconventional Output/Employment/ Growth Implications; Introduction; Basic Model; Monetary Policy and Growth; Slow Jobless/Wageless Recovery after Crisis: Key Items for the Research Agenda; Appendix; II Emerging Market Crises through the Lens of the Liquidity Approach; Introduction to Part II; 6 Systemic Sudden Stops: Crises and Recoveries in EMs; Methodology; Sudden Stop and Bank Credit Flows; Relative Prices; Aggregate Investment, Consumption, and Exports; Output Dynamics; Employment, Capital, and Measured TFP. |
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ConclusionsAppendixes; Appendix A Data; Appendix B Sample; Appendix C Statistical Tests; 7 Systemic Sudden Stops: The Relevance of Balance-Sheet Effects and Financial Integration; Basic Framework; Sudden Stops: Definition and Characterization; Determinants of Sudden Stops: Empirical Analysis; Conclusions; Appendix Tables; Data Appendix; Technical Appendix: Inference with RandomEffects Probits under Endogeneity; Notes; References; Index. |
| Summary |
An examination of Liquidity Crunch in triggering and characterizing financial crises. |
| Local Note |
eBooks on EBSCOhost EBSCO eBook Subscription Academic Collection - North America |
| Subject |
Liquidity (Economics)
|
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Liquidity (Economics) |
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Financial crises.
|
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Financial crises. |
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Money.
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Money. |
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Macroeconomics.
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Macroeconomics. |
| Genre/Form |
Electronic books.
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| Other Form: |
Print version: Calvo, Guillermo A. Macroeconomics in times of liquidity crises. Cambridge, MA : MIT Press, [2016] 9780262035415 0262035413 (DLC) 2016016503 (OCoLC)946160466 |
| ISBN |
9780262336017 (electronic book) |
|
0262336014 (electronic book) |
|
9780262035415 |
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0262035413 |
|
