Financial Assets, Debt and Liquidity Crises: A Keynesian Approach

by Willi Semmler, Peter Flaschel, Matthieu Charpe, et al.

Book Overview

The macroeconomic development of most major industrial economies is characterised by boom-bust cycles. Normally such boom-bust cycles are driven by specific sectors of the economy. In the financial meltdown of the years 2007-2009 it was the credit sector and the real-estate sector that were the main driving forces. This book takes on the challenge of interpreting and modelling this meltdown. In doing so it revives the traditional Keynesian approach...

• Format: Paperback
• Language: English
• ISBN: 1107546664
• ISBN13: 9781107546660
• Release Date: August 2015
• Publisher: Cambridge University Press
• Length: 458 Pages
• Weight: 1.59 lbs.
• Dimensions: 0.9" x 6.7" x 9.6"