Money Matters

Syed F. Mahmud

ISBN 10: 3631721455 / ISBN 13: 9783631721452

Published by Peter Lang, Peter Lang Jun 2017, 2017

About this Item

Neuware -The 2007 financial crisis and the Great Recession have prompted a debate about the state of macroeconomics, and many orthodox economists have argued that macroeconomics has entered a Dark Age. This book discusses the shortcomings of the standard macroeconomic model (SMM). The SMM failed to explain the real world and anticipate the global financial crises. The main reasons for this failure have been attributed to its inability to assign an active role of money and by the absence of appropriate modelling of financial markets. The book also discusses how the SMM can be reformed to better account for the real world and policy prescriptions, such as the Chicago Plan, that can reduce the risks emanating from excessive money creation by banks. 146 pp. Englisch.

Seller Inventory # 9783631721452

Bibliographic Details

• Title: Money Matters
• Publisher: Peter Lang, Peter Lang Jun 2017
• Publication Date: 2017
• Language: English
• ISBN 10: 3631721455
• ISBN 13: 9783631721452
• Binding: Taschenbuch
• Condition: Neu
• Dimensions: 170W x 120H x 9D millimeters 170 millimeters width by 120 millimeters height by 9 millimeters depth
• Weight: 131 grams

About this title

Synopsis

The 2007 financial crisis and the Great Recession have prompted a debate about the state of macroeconomics, and many orthodox economists have argued that macroeconomics has entered a Dark Age.

This book discusses the shortcomings of the standard macroeconomic model (SMM). The SMM failed to explain the real world and anticipate the global financial crises. The main reasons for this failure have been attributed to its inability to assign an active role of money and by the absence of appropriate modelling of financial markets.

The book also discusses how the SMM can be reformed to better account for the real world and policy prescriptions, such as the Chicago Plan, that can reduce the risks emanating from excessive money creation by banks.

About the Author

Syed F. Mahmud is a professor of economics at Bilkent University. He holds a Ph.D. degree in economics from McMaster University (Canada). In recent years, his research has been primarily focused on banking and finance.

Kaoru Yamaguchi is Director at Japan Futures Research Center. He holds a Ph.D. degree in economics from the University of California, Berkeley.

Murat Yülek is a professor of economics at Istanbul Ticaret University and the Director of the Center for Industrial Policy and Development. He holds a Ph.D. degree in economics from Bilkent University and has published widely in the field of economic and financial development.