"Series of the Research Network Macroeconomics and Macroeconomic Policies" · volume 11
416 pp.
29.80 EUR
(incl. VAT and Free shipping)
ISBN 978-3-89518-705-6
During the recent decades the financial sectors of developed and developing countries have changed remarkably. There has been a major increase in the degree of financial intermediation, and new financial instruments, triggered by national and international legal liberalisation and by the development of communication technologies, have been developed. The overall importance of financial factors for real investment and growth of non-financial business has risen. Finally, the power of shareholders in joint stock companies seems to have increased vis-à-vis management and labourers. These and other changes as well as their effects on the macro-economy require deeper investigation, in particular since the US sub-prime mortgage crisis has been spreading over international financial markets and has already affected real development in the negative.
The international monetary (non-)order and the "global capital flows paradox"
Macroeconomic policy with open capital accounts
Inefficient markets: Causes and consequences
Rising shareholder power: Effects on distribution, capacity utilisation and capital accumulation in Kaleckian/Post-Kaleckian models
Financial systems in developing countries and economic development
Trends that can't go on forever, won't: Financial bubbles, trade and exchange rates
Crisis prevention and capital controls in India: Perspectives of capital account liberalisation in the current scenario
Financial flows and international imbalances - the role of catching-up by late industrialising developing countries
The rise and fall of the U.S. subprime mortgage market
Financialisation: What it is and why it matters
Global imbalances: The U.S. and the rest of the world
On the manic-depressive fluctuations of speculative prices
Private equity: Financial engineering or solution to market failure?
On shaky ground: The U.S. mortgage boom and its economic consequence