Banking, Monetary Policy and the Political Economy of Financial Regulation

Essays in the Tradition of Jane D'Arista

Inbunden, Engelska, 2014

AvGerald A. Epstein,Tom Schlesinger,Matías Vernengo

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The many forces that led to the economic crisis of 2008 were in fact identified, analyzed and warned against for many years before the crisis by economist Jane D'Arista, among others. Now, writing in the tradition of D'Arista's extensive work, the internationally renowned contributors to this thought-provoking book discuss research carried out on various indicators of the crisis and illustrate how these perspectives can contribute to productive thinking on monetary and financial policies.Topics addressed include monetary policy, financial markets, financial history, liquidity, institutions and global finance, with an emphasis on the ways in which theory and policy can be applied toward the goal of a more equitable and civilized society. The book s contributors hail from across the globe and offer a range of both academic and policy-making perspectives.This fascinating book will appeal to students and scholars of economics, particularly those with an interest in international finance and banking, financial regulation, and political economy.Contributors: R.A. Blecker, P. Bond, J. Crotty, G.A. Dymski, G.A. Epstein, K. Ertürk, J.K. Galbraith, R.N. McCauley, P. Mehrling, D.H. Nielson, G. Özgür, T. Palley, E. Pérez Caldentey, C. Rada, E.D. Russell, T. Schlesinger, M. Seccareccia, L. Taylor, M. Vernengo, R.H. Wade, M.H. Wolfson

Produktinformation

Utgivningsdatum2014-08-29
Mått156 x 234 x undefined mm
FormatInbunden
SpråkEngelska
FörlagEdward Elgar Publishing Ltd
ISBN9781848443679

Tillhör följande kategorier

Finansiering inom Ekonomi och Ledarskap
Makroekonomi inom Ekonomi och Ledarskap
Ekonomisk politik inom Ekonomi och Ledarskap

Contents:PART I: APPRECIATION AND INTRODUCTION1. Jane D’Arista: An AppreciationTom Schlesinger2. IntroductionGerald A. Epstein, Tom Schlesinger and Matías VernengoPART II: FEDERAL RESERVE POLICY3. From Milton Friedman to Jane D’Arista: The Financial Crisis and the Dilemma Facing the Central BanksJames K. Galbraith4. Federal Reserve Priorities and the Influence of Capital: The Evolution of Monetary Policy in the Postwar PeriodMartin H. Wolfson5. Heterodox Central Bankers: Eccles, Prebisch and Financial Reform Matías Vernengo and Esteban Pérez CaldenteyPART III: FINANCIAL HISTORY AND INSTITUTIONS6. Nurturing US Securities Firms: A Century of Public PolicyRobert N. McCauley7. Lessons from the Glass-Steagall ActEllen D. Russell8. The Financial Trilemma and the Future of American BankingGary A. Dymski9. Boulevard to Broken Dreams: The Standards-Surveillance-Compliance System in the Run-up to the Crash of 2008Robert H. WadePART IV: GLOBAL FINANCE10. Would a North American Monetary Union Protect Canada and Mexico Against the Ravages of ‘Dutch Disease’? A Post-Financial Crisis PerspectiveRobert A. Blecker and Mario Seccareccia11. Rethinking the Economics of Capital Mobility and Capital ControlsThomas Palley12. Global Economic Volatility and Slap-Dash Repairs to the International Financial ArchitecturePatrick BondPART V: THEORETICAL CONSIDERATIONS13. Liquidity, Leverage, and Financial InstabilityLance Taylor14. The Decline of Traditional Banking and Endogenous MoneyKorkut Ertürk and Gökçer Özgür15. A New Measure of Liquidity PremiumPerry Mehrling and Daniel H. Nielson16. The Last Refuge of Scoundrels: Keynes-Minsky Perspectives on the Uses and Abuses of the ‘Liquidity Defense’James Crotty and Gerald A. Epstein17. A Note on Growth and Distribution Dynamics in an Economy with Population AgeingCodrina RadaIndex

'Jane D'Arista is one of those towering figures who thinks way ahead of the conventional understandings. A generation ago she recognized the distorted architecture of finance and banking and described in lucid detail the reform agenda for restoring a stable and equitable system. Written in the tradition of D'Arista, the essays in this important collection point the way toward overcoming the recurrent financial disorders of our gilded age. Like Jane D'Arista's work, this timely volume demands the attention of both policy experts and the politicians who must do the reconstruction.'