Press "Enter" to skip to content

Download Banking Crises: Perspectives from The New Palgrave by Garett Jones PDF

By Garett Jones

Why do banks cave in? Are monetary structures extra fragile in fresh a long time? Can rules to mend the banking approach do extra damage than sturdy? what is the historical past of banking crises? With dozens of short, non-technical articles via economists and different researchers, Banking Crises deals solutions from assorted scholarly viewpoints.

Show description

Read or Download Banking Crises: Perspectives from The New Palgrave Dictionary PDF

Best money & monetary policy books

Euro Error

This severe research of the euro, written via a revered French economist, may still make experience to each alternate union member. in the course of the eurozone, development is susceptible, unemployment excessive and emerging, and funding stagnant. but society wishes complete employment: with out it, we won't finish all its by-products, poverty, crime, corruption, undesirable overall healthiness, illiteracy, loss of talents.

Interest Groups And Monetary Integration: The Political Economy Of Exchange Regime Choice (Political Economy of Global Interdependence)

This e-book analyzes financial integration and the alternative and cave in of trade price regimes from a favorable political economic system point of view. Carsten Hefeker examines the effect of vital curiosity teams in a coherent framework, which demanding situations the conventional and normative concept of financial integration.

Money Stock Control and Inflation Targeting in Germany: A State Space Modelling Approach to the Bundesbank’s Operating Procedures and Intermediate Strategy

The publication considers matters proper to the ecu principal financial institution in refining and speaking its method. It bargains a historic evaluate of the Bundesbank's technique of financial concentrating on performed from 1974 to 1998. unlike a number of different popular experiences it really is argued that money performed a versatile yet extremely important position within the behavior of its coverage.

Financial Markets, Banking, and Monetary Policy

Compliment for monetary Markets, Banking, and fiscal coverage A lucid therapy that takes on board shadow-banking, Dodd-Frank, the 0 reduce certain, and ahead suggestions. in brief, all of the key post-crisis matters. Anil Kashyap, Edward Eagle Brown Professor of Economics and Finance, collage of Chicago The monetary zone is a crucial section of the USA financial equipment.

Additional info for Banking Crises: Perspectives from The New Palgrave Dictionary

Example text

And Dybvig, P. 1983. Bank runs, deposit insurance, and liquidity. Journal of Political Economy 91, 401–19. Diamond, D. and Rajan, R. 2001. Liquidity risk, liquidity creation and financial fragility: a theory of banking. Journal of Political Economy 109, 287–327. Fama, E. 1980. Banking in the theory of finance. Journal of Monetary Economics 6, 39–57. Fama, E. 1985. What’s different about banks? Journal of Monetary Economics 15, 29–34. Focarelli, D. and Panetta, F. 2003. Are mergers beneficial to consumers?

The price–concentration relationship in banking. Review of Economics and Statistics 71, 291–9. , Kashyap, A. and Scalise, J. 1995. The transformation of the US banking industry: what a long trip it’s been. Brookings Papers on Economic Activity 1995(2), 55–201. , Scalise, J. and Udell, G. 1998. The effects of bank mergers and acquisitions on small business lending. Journal of Financial Economics 50, 187–229. Boot, A. and Thakor, A. 2000. Can relationship banking survive competition? Journal of Finance 55, 679–713.

Furthermore, the expected discounted value of future dividends is vt ¼ ðϕ=ð1 þ r À ϕÞÞdt . Hence, under the null-hypothesis of no bubble, that is pt = vt, the coefficient estimate of the regression of pt on dt provides a second estimate of ϕ=ð1 þ r À ϕÞ. In a final step, West uses a Hausman specification test to test whether both estimates coincide. He finds that the US stock market data usually reject the null hypothesis of no bubble. bubbles 31 Excessive volatility in the stock market seems to provide further evidence in favour of stock market bubbles.

Download PDF sample

Rated 4.08 of 5 – based on 15 votes