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The Challenge of Financial Stability: A New Model and its Applications

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The Challenge of Financial Stability: A New Model and its Applications - Goodhart, Charles A.E., and Tsomocos, Dimitrios P.
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The achievement of financial stability is one of the most pressing issues today. This timely and innovative book provides an analytical framework to assess financial (in)stability as an equilibrium phenomenon compatible with the orderly functioning of a modern market economy. The authors expertly show how good regulatory policy can be implemented and that its effects on the real as well as the nominal side of the economy can be properly analyzed. The core of their approach is to take realistic account of the interaction ...

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The Challenge of Financial Stability: A New Model and its Applications 2012, Edward Elgar Publishing Ltd, Cheltenham

ISBN-13: 9781847208941

Hardcover