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  • Language: English

    Published by Springer, 2005

    3540278036 / 9783540278030

    Series: Book 15 of 29 - Studies in Economic Theory

    • Hardcover

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  • Language: English

    Published by Springer, 2005

    3540278036 / 9783540278030

    Series: Book 15 of 29 - Studies in Economic Theory

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  • Language: English

    Published by Springer, 2005

    3540278036 / 9783540278030

    Series: Book 15 of 29 - Studies in Economic Theory

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  • Language: English

    Published by Springer, 2005

    3540278036 / 9783540278030

    Series: Book 15 of 29 - Studies in Economic Theory

    • Hardcover

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  • Language: English

    Published by Springer, 2005

    3540278036 / 9783540278030

    Series: Book 15 of 29 - Studies in Economic Theory

    • Hardcover

    Seller: Basi6 International, Irving, TX, U.S.A.Basi6 International

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  • Language: English

    Published by SP SPRINGER, 2006

    3540278036 / 9783540278030

    Series: Book 15 of 29 - Studies in Economic Theory

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    • International Edition

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    Condition: New. Brand New! Fast Delivery This is an International Edition and ship within 24-48 hours. Deliver by FedEx and Dhl, & Aramex, UPS, & USPS and we do accept APO and PO BOX Addresses. Order can be delivered worldwide within 6-10 days and we do have flat rate for up to 2LB. Extra shipping charges will be requested if the Book weight is more than 5 LB. This Item May be shipped from India, United states & United Kingdom. Depending on your location and availability.

  • Language: English

    Published by Springer, 2005

    3540278036 / 9783540278030

    Series: Book 15 of 29 - Studies in Economic Theory

    • Hardcover

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    Condition: New. In English.

  • Language: English

    Published by Springer, 2010

    3642066178 / 9783642066177

    Series: Book 15 of 29 - Studies in Economic Theory

    • Softcover

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    Condition: New. pp. 280.

  • Language: English

    Published by Springer, 2010

    3642066178 / 9783642066177

    Series: Book 15 of 29 - Studies in Economic Theory

    • Softcover

    Seller: Ria Christie Collections, Uxbridge, United KingdomRia Christie Collections

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    Paperback. Condition: Brand New. 280 pages. 9.25x6.10x0.64 inches. In Stock.

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    Taschenbuch. Condition: Neu. Recent Developments on Money and Finance | Exploring Links between Market Frictions, Financial Systems and Monetary Allocations | Gabriele Camera | Taschenbuch | Studies in Economic Theory | vi | Englisch | 2010 | Springer | EAN 9783642066177 | Verantwortliche Person für die EU: Springer Verlag GmbH, Tiergartenstr. 17, 69121 Heidelberg, juergen[dot]hartmann[at]springer[dot]com | Anbieter: preigu.

  • Condition: New

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    Taschenbuch. Condition: Neu. Druck auf Anfrage Neuware - Printed after ordering - nomic activity. The paper highlights how the interaction of domestic informational frictions, perfect capital mobility, and foreign interest rates can combine to provoke a sudden depreciation of the exchange rate and a prolonged decline in output. In particular,theauthorsdescribeconditionsunderwhichtwodifferentequilibriaexist. One has a high level of outputand a minorcostly-state-veri cationproblem,and the other equilibrium has a higher level of output and a severe costly-state-veri cation problem. In addition, the authors show how their model can successfully simulate a crisispaththatisqualitativelyconsistentwithoccurrencessuchastheMexican n- cial crisis in 1994. An importantlesson emergingfromthis work is that even a small change in external factors can generate a crisis path, when this initial shock hits a small open monetary economy, if the economy features a combination of domestic informational frictions with international capital ows. The next paper, by Hernandez-Verme, also focuses on the study of small open economieswithinthe contextofan overlappinggenerationsmodel. Unlike Antinol and Huybens, however, her main concern is the relative merits of different methods for achievingprice stability. To do so she mergesthe overlappinggenerationsmodel with a spatial model of Townsendto comparethe meritsof alternativeexchangerate regimes namely, xed and exible. This analysis is carried out within a context where nancial intermediaries perform a real allocative function, there are multiple reserverequirements,andtheeconomyissubjecttocreditmarketfrictions. She nds there is scope for endogenousvolatility, independent of the exchange rate regime in place. Another key nding is that under oating exchange rates, a positive trade-off between domestic in ation and output can be exploited under credit rationing but only if in ation is small. In fact, there exists an in ation threshold beyond which domestic output suffers.

  • Language: English

    Published by Springer, 2010

    3642066178 / 9783642066177

    Series: Book 15 of 29 - Studies in Economic Theory

    • Softcover
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  • Language: English

    Published by Springer Berlin Heidelberg Feb 2010, 2010

    3642066178 / 9783642066177

    Series: Book 15 of 29 - Studies in Economic Theory

    • Softcover
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    Taschenbuch. Condition: Neu. This item is printed on demand - it takes 3-4 days longer - Neuware -nomic activity. The paper highlights how the interaction of domestic informational frictions, perfect capital mobility, and foreign interest rates can combine to provoke a sudden depreciation of the exchange rate and a prolonged decline in output. In particular,theauthorsdescribeconditionsunderwhichtwodifferentequilibriaexist. One has a high level of outputand a minorcostly-state-veri cationproblem,and the other equilibrium has a higher level of output and a severe costly-state-veri cation problem. In addition, the authors show how their model can successfully simulate a crisispaththatisqualitativelyconsistentwithoccurrencessuchastheMexican n- cial crisis in 1994. An importantlesson emergingfromthis work is that even a small change in external factors can generate a crisis path, when this initial shock hits a small open monetary economy, if the economy features a combination of domestic informational frictions with international capital ows. The next paper, by Hernandez-Verme, also focuses on the study of small open economieswithinthe contextofan overlappinggenerationsmodel. Unlike Antinol and Huybens, however, her main concern is the relative merits of different methods for achievingprice stability. To do so she mergesthe overlappinggenerationsmodel with a spatial model of Townsendto comparethe meritsof alternativeexchangerate regimes namely, xed and exible. This analysis is carried out within a context where nancial intermediaries perform a real allocative function, there are multiple reserverequirements,andtheeconomyissubjecttocreditmarketfrictions. She nds there is scope for endogenousvolatility, independent of the exchange rate regime in place. Another key nding is that under oating exchange rates, a positive trade-off between domestic in ation and output can be exploited under credit rationing but only if in ation is small. In fact, there exists an in ation threshold beyond which domestic output suffers. 280 pp. Englisch.

  • Language: English

    Published by Springer Berlin Heidelberg, 2010

    3642066178 / 9783642066177

    Series: Book 15 of 29 - Studies in Economic Theory

    • Softcover
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    Condition: New. Dieser Artikel ist ein Print on Demand Artikel und wird nach Ihrer Bestellung fuer Sie gedruckt. Recent developments on money and finance: an introduction.- Deposit Insurance and Bank Regulation in a Monetary Economy: A General Equilibrium Exposition.- A monetary mechanism for sharing capital: Diamond and Dybvig meet Kiyotaki and Wright.- Domestic fina.

  • Language: English

    Published by Springer Berlin Heidelberg, 2005

    3540278036 / 9783540278030

    Series: Book 15 of 29 - Studies in Economic Theory

    • Hardcover
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    Gebunden. Condition: New. Dieser Artikel ist ein Print on Demand Artikel und wird nach Ihrer Bestellung fuer Sie gedruckt. Recent developments on money and finance: an introduction.- Deposit Insurance and Bank Regulation in a Monetary Economy: A General Equilibrium Exposition.- A monetary mechanism for sharing capital: Diamond and Dybvig meet Kiyotaki and Wright.- Domestic fina.

  • Language: English

    Published by Springer, 2010

    3642066178 / 9783642066177

    Series: Book 15 of 29 - Studies in Economic Theory

    • Softcover
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    Condition: New. Print on Demand pp. 280 28 Illus.

  • Language: English

    Published by Springer, 2010

    3642066178 / 9783642066177

    Series: Book 15 of 29 - Studies in Economic Theory

    • Softcover
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    Condition: New. PRINT ON DEMAND pp. 280.

  • Language: English

    Published by Springer Berlin Heidelberg, Springer Berlin Heidelberg Feb 2010, 2010

    3642066178 / 9783642066177

    Series: Book 15 of 29 - Studies in Economic Theory

    • Softcover
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    Taschenbuch. Condition: Neu. This item is printed on demand - Print on Demand Titel. Neuware -domestic in ation and output can be exploited under credit rationing but only if in ation is small. In fact, there exists an in ation threshold beyond which domestic output suffers.Springer Verlag GmbH, Tiergartenstr. 17, 69121 Heidelberg 280 pp. Englisch.