000			02230nam a2200361 i 4500
001			CR9780511792540
003			UkCbUP
005			20240909183607.0
006			m|||||o||d||||||||
007			cr||||||||||||
008			111226s2011||||enk o ||1 0|eng|d
020			_a9780511792540 (ebook)
020			_z9781107004931 (hardback)
040			_aUkCbUP _beng _erda _cUkCbUP
050	0	0	_aHB172.5 _b.C451 2011
082	0	0	_a330.9/0511 _222
100	1		_aCharpe, Matthieu. _eauthor.
245	1	0	_aFinancial assets, debt, and liquidity crises : _ba Keynesian approach / _cMatthieu Charpe [and three others].
264		1	_aCambridge : _bCambridge University Press, _c2011.
300			_a1 online resource (xxiv, 432 pages) : _bdigital, PDF file(s).
336			_atext _btxt _2rdacontent
337			_acomputer _bc _2rdamedia
338			_aonline resource _bcr _2rdacarrier
500			_aTitle from publisher's bibliographic system (viewed on 14 Jan 2016).
520			_aThe 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 2007-9 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.
650		0	_aMacroeconomics.
650		0	_aBusiness cycles.
650		0	_aFinancial crises.
650		0	_aKeynesian economics.
776	0	8	_iPrint version: _z9781107004931
856	4	0	_uhttps://doi.org/10.1017/CBO9780511792540
942			_2ddc _cEB
999			_c9458 _d9458