Financial Liberalization and Macroeconomic Stability

Andersen, Torben M. (EDT); Moene, Karl Ove (EDT)

ISBN 10: 0631203494 / ISBN 13: 9780631203490

Published by Wiley-Blackwell, 1997

About this Item

Unread book in perfect condition.

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Bibliographic Details

• Title: Financial Liberalization and Macroeconomic Stability
• Publisher: Wiley-Blackwell
• Publication Date: 1997
• Language: English
• ISBN 10: 0631203494
• ISBN 13: 9780631203490
• Binding: Soft cover
• Condition: As New

About this title

Synopsis

This volume examines the causes of the very volatile financial markets and exchange rate crises recently experienced, particularly in a number of European countries, and considers the implications for business cycle fluctuations and economic policy. It will attempt to clarify whether these developments can be attributed to further capital market liberalization, financial innovations, etc., or whether they are the product of business cycle changes in combination with shifts in the focus of economic policy towards less activism and low inflation. Issues related to the functioning of financial and exchange rate markets, the possibility of controlling these markets, the gains from liberalization and the implications for economic policy will also be covered.

About the Author

Torben M. Andersen is the editor of Financial Liberalization and Macroeconomic Stability, published by Wiley. Karl Ove Moene is a Norwegian economist. He graduated from the University of Oslo in 1977, and an obtained his PhD in 1984. He was appointed professor at the University of Oslo in 1987.