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電子書籍詳細


洋書 kinoppy

金融市場の不確実性の影響力:2007-08年大不況の根本原因

The Influence of Uncertainty in a Changing Financial Environment : An Inquiry into the Root Causes of the Great Recession of 2007-2008 . 1st ed. 2017

Halperin, Ricardo A.

Palgrave Macmillan 2017/01
XI, 287 p.
出版国: CH
ISBN: 9783319487779
eISBN: 9783319487786
KNPID: EY00150415
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Full Description

This book examines the role of uncertainty on financial decisions - and, consequently, on financial markets - in the buildup to and aftermath of the Great Recession. It tracks the significant growth and important structural changes in the financial sector during the past few decades, both of which made the economy more vulnerable to perceptions of risk in the markets. Halperin argues that conventional economic models have lost relevance by failing to take these developments into account appropriately, and also explains that because of financial globalization we can no longer understand what happens in the economies of major countries by relying on "closed-economy" thinking. The book concludes with a list of policy recommendations designed to increase the resilience of the financial markets to negative economic developments and to reduce incentives for risk taking, including a proposal to eliminate the double taxation of dividends.

Table of Contents

1. A Failure of Imagination
Part A
2. The Great Recession of 2007-2008
3. Fingers in the Dike
Part B
4. Financial Intermediation and the Economy
5. The Evolution of Financial Intermediation
Part C
6. Economics' Quest for Relevance
7. Theories of Business Fluctuations
8. The Elusive Search for Economic Motives
9. Risk, Uncertainty, and Macroeconomic Theory
Part D
10. The Visible Hand
11. Regulation in the Financial Sector
12. Prudential Regulation
Part E
13. Challenges Ahead
14. Economic Policy Implications
15. Summing Up