Global imbalances and financial capitalism: stock-flow-consistent modelling

"The last 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 te...

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Beteilige Person: Mazier, Jacques (VerfasserIn)
Weitere beteiligte Personen: Duwicquet, Vincent 1981- (MitwirkendeR)
Format: Elektronisch E-Book
Sprache:Englisch
Veröffentlicht: Abingdon, Oxon Routledge 2020
Schriftenreihe:Routledge frontiers of political economy
Routledge frontiers of political economy
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Links:https://www.taylorfrancis.com/books/9780429437786
Zusammenfassung:"The last 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"--
Beschreibung:Description based on online resource; title from digital title page (viewed on June 11, 2020)
Umfang:1 online resource
ISBN:9780429437786
0429437781
9780429795060
0429795068
9780429795084
0429795084
9780429795077
0429795076