
Global Imbalances, Financial Crises, and Central Bank Policies
Andreas Steiner(Autor*in)
Academic Press
Erschienen am 15. August 2016
Buch
Softcover
204 Seiten
978-0-12-810402-6 (ISBN)
Beschreibung
Global Imbalances, Financial Crises, and Central Bank Policies assesses the relationships between global imbalances, financial crises, and central bank policies, with a specific focus on their reserves. The book contains a strictly international perspective with an analysis based on empirical research that enables the reader to develop an analytical model that emphasizes interactions among individual central banks. With this innovative approach, the book develops a new method for defining an optimal demand for reserves. In addition, the book describes implications for financial reforms that might ultimately be more important than its empirical findings.
Rezensionen / Stimmen
"This book gives an excellent assessment of the emergence, causes and consequences of balance-of-payments imbalances in a large number of countries. It is a very timely analysis in view of the large imbalances arising from the financial crises of recent years, giving useful advice for the construction of a new and more stable financial world order." --Hans-Werner Sinn, University of Munich and the Ifo Institute for Economic Research"This book provides an insightful, timely, and fresh perspective on the global implications of the large hoarding of international reserves by emerging markets in recent decades, offering an essential analysis of global economics challenges in the twenty first century. Dr. Andreas Steiner's empirical analysis shows that international reserve accumulation lowers both the current account and the public budget balances of the reserve-currency's supplier, possibly destabilizing the global system down the road." --Joshua Aizenman, University of Southern California
"Global Imbalances, Financial Crises, and Central Bank Policies is a very well-conceived manuscript on the nexus of reserve hoarding and capital flow, and the implications for the global economy. The notion of national benefits against global negative externalities of reserve accumulation will interest both academics and policymakers." --Yin-Wong Cheung, City University of Hong Kong
Weitere Details
Sprache
Englisch
Verlagsort
San Diego
USA
Verlagsgruppe
Elsevier Science Publishing Co Inc
Zielgruppe
Für Beruf und Forschung
Economics and finance upper-division undergraduates, graduate students, and professionals worldwide who need to know about the relationships between banks and financial crises.
Produkt-Hinweis
Broschur/Paperback
Maße
Höhe: 228 mm
Breite: 151 mm
Dicke: 15 mm
Gewicht
358 gr
ISBN-13
978-0-12-810402-6 (9780128104026)
Copyright in bibliographic data and cover images is held by Nielsen Book Services Limited or by the publishers or by their respective licensors: all rights reserved.
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Andreas Steiner
Global Imbalances, Financial Crises, and Central Bank Policies
E-Book
07/2016
Academic Press
42,95 €
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Person
Andreas Steiner is an economist at the ifo Center for Business Cycle Analysis and Surveys. His papers have been published in the European Economic Review, the Review of International Economics, and the Journal of International Money and Finance, among other titles. He has lectured on International Trade Policy, European Economic Policy, and Economic Policy and Public Finance.
Autor*in
Ifo Institute and Ifo Center for Business Cycle Analysis and Surveys, Munich, Germany
Inhalt
1 Overview
2 Accounting for Official Capital Flows
3 Current Account Imbalances: The Role of Official Capital Flows
4 Determinants of the Public Budget Balance: The Role of Official Capital Flows
5 Reserve Accumulation and Financial Crises: From Individual Protection to Systemic Risk
6 Global Aspects of Central Bank Policies
2 Accounting for Official Capital Flows
3 Current Account Imbalances: The Role of Official Capital Flows
4 Determinants of the Public Budget Balance: The Role of Official Capital Flows
5 Reserve Accumulation and Financial Crises: From Individual Protection to Systemic Risk
6 Global Aspects of Central Bank Policies