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The European financial crisis : debt, growth, and economic policy / / Robert Godby
The European financial crisis : debt, growth, and economic policy / / Robert Godby
Autore Godby Robert
Edizione [First edition.]
Pubbl/distr/stampa New York, New York (222 East 46th Street, New York, NY 10017) : , : Business Expert Press, , 2014
Descrizione fisica 1 online resource (238 p.)
Disciplina 330.94
Collana Economics collection
Soggetto topico Financial crises - Europe
Soggetto genere / forma Electronic books.
Soggetto non controllato European debt crisis
European politics
European Union
EU
European integration
sovereign debt
currency union
monetary policy
fiscal policy
EU institutions
debt crisis timeline
the Euro
Greek debt crisis
macroeconomics
recession
banking union
Eurozone
bailouts
currency risk
bond risk
financial uncertainty
central bank policy
central bank independence
Germany
ECB
European Central Bank
IMF
International Monetary Fund
the troika
European unemployment
ISBN 1-60649-707-3
Formato Materiale a stampa
Livello bibliografico Monografia
Lingua di pubblicazione eng
Nota di contenuto Acknowledgements -- Part I. Introduction: understanding the problem. Why is this so hard? -- 1. Introduction: where there's smoke, there's fire -- Part II. The imperfect architecture of the Eurozone -- 2. The flawed governmental architecture of the Eurozone -- 3. The flawed economic architecture of the Eurozone -- 4. The flawed sociopolitical architecture of the Eurozone -- Part III. Evolution of the Euro crisis -- 5. Flight of the bumblebee: precrisis structural imbalances and their influence in the Eurozone -- 6. Misperception of European risk, market reactions, and policy response: a timeline of the Euro crisis -- Part IV. Moving forward -- 7. Where are we now? -- 8. What happens next? -- 9. From forest fires to bumblebees and hammers and nails, lessons from the Euro crisis -- Notes -- References -- About the author -- Index.
Record Nr. UNINA-9910453514503321
Godby Robert  
New York, New York (222 East 46th Street, New York, NY 10017) : , : Business Expert Press, , 2014
Materiale a stampa
Lo trovi qui: Univ. Federico II
Opac: Controlla la disponibilità qui
The European financial crisis : debt, growth, and economic policy / / Robert Godby
The European financial crisis : debt, growth, and economic policy / / Robert Godby
Autore Godby Robert
Edizione [First edition.]
Pubbl/distr/stampa New York, New York (222 East 46th Street, New York, NY 10017) : , : Business Expert Press, , 2014
Descrizione fisica 1 online resource (238 p.)
Disciplina 330.94
Collana Economics collection
Soggetto topico Financial crises - Europe
Soggetto non controllato European debt crisis
European politics
European Union
EU
European integration
sovereign debt
currency union
monetary policy
fiscal policy
EU institutions
debt crisis timeline
the Euro
Greek debt crisis
macroeconomics
recession
banking union
Eurozone
bailouts
currency risk
bond risk
financial uncertainty
central bank policy
central bank independence
Germany
ECB
European Central Bank
IMF
International Monetary Fund
the troika
European unemployment
ISBN 1-60649-707-3
Formato Materiale a stampa
Livello bibliografico Monografia
Lingua di pubblicazione eng
Nota di contenuto Acknowledgements -- Part I. Introduction: understanding the problem. Why is this so hard? -- 1. Introduction: where there's smoke, there's fire -- Part II. The imperfect architecture of the Eurozone -- 2. The flawed governmental architecture of the Eurozone -- 3. The flawed economic architecture of the Eurozone -- 4. The flawed sociopolitical architecture of the Eurozone -- Part III. Evolution of the Euro crisis -- 5. Flight of the bumblebee: precrisis structural imbalances and their influence in the Eurozone -- 6. Misperception of European risk, market reactions, and policy response: a timeline of the Euro crisis -- Part IV. Moving forward -- 7. Where are we now? -- 8. What happens next? -- 9. From forest fires to bumblebees and hammers and nails, lessons from the Euro crisis -- Notes -- References -- About the author -- Index.
Record Nr. UNINA-9910790849003321
Godby Robert  
New York, New York (222 East 46th Street, New York, NY 10017) : , : Business Expert Press, , 2014
Materiale a stampa
Lo trovi qui: Univ. Federico II
Opac: Controlla la disponibilità qui
The European financial crisis : debt, growth, and economic policy / / Robert Godby
The European financial crisis : debt, growth, and economic policy / / Robert Godby
Autore Godby Robert
Edizione [First edition.]
Pubbl/distr/stampa New York, New York (222 East 46th Street, New York, NY 10017) : , : Business Expert Press, , 2014
Descrizione fisica 1 online resource (238 p.)
Disciplina 330.94
Collana Economics collection
Soggetto topico Financial crises - Europe
Soggetto non controllato European debt crisis
European politics
European Union
EU
European integration
sovereign debt
currency union
monetary policy
fiscal policy
EU institutions
debt crisis timeline
the Euro
Greek debt crisis
macroeconomics
recession
banking union
Eurozone
bailouts
currency risk
bond risk
financial uncertainty
central bank policy
central bank independence
Germany
ECB
European Central Bank
IMF
International Monetary Fund
the troika
European unemployment
ISBN 1-60649-707-3
Formato Materiale a stampa
Livello bibliografico Monografia
Lingua di pubblicazione eng
Nota di contenuto Acknowledgements -- Part I. Introduction: understanding the problem. Why is this so hard? -- 1. Introduction: where there's smoke, there's fire -- Part II. The imperfect architecture of the Eurozone -- 2. The flawed governmental architecture of the Eurozone -- 3. The flawed economic architecture of the Eurozone -- 4. The flawed sociopolitical architecture of the Eurozone -- Part III. Evolution of the Euro crisis -- 5. Flight of the bumblebee: precrisis structural imbalances and their influence in the Eurozone -- 6. Misperception of European risk, market reactions, and policy response: a timeline of the Euro crisis -- Part IV. Moving forward -- 7. Where are we now? -- 8. What happens next? -- 9. From forest fires to bumblebees and hammers and nails, lessons from the Euro crisis -- Notes -- References -- About the author -- Index.
Record Nr. UNINA-9910820970603321
Godby Robert  
New York, New York (222 East 46th Street, New York, NY 10017) : , : Business Expert Press, , 2014
Materiale a stampa
Lo trovi qui: Univ. Federico II
Opac: Controlla la disponibilità qui
Hyperinflation, currency board, and bust : the case of Argentina / / Jutta Maute
Hyperinflation, currency board, and bust : the case of Argentina / / Jutta Maute
Autore Maute Jutta
Edizione [1st ed.]
Pubbl/distr/stampa Bern, : Peter Lang International Academic Publishing Group, 2018
Descrizione fisica 1 online resource (289 pages) : illustrations, charts; digital, PDF file(s)
Disciplina 658.40809892
Collana Hohenheimer volkswirtschaftliche Schriften
Soggetto topico Currency boards - Argentina
Monetary policy - Argentina
Currency question - Argentina
Soggetto non controllato Argentina
Argentinien
Board
Bust
Case
Currency
Currency Board
Fixed Exchange Rates
Geschichte 1980-2002
Hyperinflation
IMF
Inflation
IWF
Konvertierbarkeit
Maute
Währung
Washington Consensus
Wechselkurs
ISBN 3-631-75447-7
Formato Materiale a stampa
Livello bibliografico Monografia
Lingua di pubblicazione eng
Nota di contenuto Cover -- FIGURES -- ABBREVIATIONS AND ACRONYMS -- ACKNOWLEDGEMENTS -- 1 INTRODUCTION -- 2 ARGENTINA'S STABILISATION CHALLENGE -- 2.1 PRECEDING STABILISATION ATTEMPTS SINCE THE DAYS OF PERÓN -- 2.2 HIGH AND HYPERINFLATION IN ARGENTINA IN THE 1980s -- 2.2.1 Rising Money Stock -- 2.2.2 Government Finance -- 2.2.2.1 Inflationary Bias of Governments -- 2.2.2.2 Debt Structure -- 2.2.2.3 Are Budget Deficits a Cause or a Consequence of Inflation? -- 2.2.2.4 Erosion of Tax System -- 2.2.2.5 Lack of Structured Budgeting Process -- 2.2.2.6 Inflation Tax -- 2.2.3 Monetary Regime -- 2.2.3.1 Monetary Constitution -- 2.2.3.2 Monetary Policy -- 2.2.4 Inflation Expectations -- 2.2.5 Symptoms of High Inflation -- 2.2.5.1 Decreasing Demand for Real Money Stock -- 2.2.5.2 Currency Substitution -- 2.2.5.3 Undervaluation as a Consequence of Currency Substitution -- 2.2.5.4 Acceleration and Variability of Inflation -- 2.2.5.5 Real Price and Wage Variability -- 2.2.5.6 Distortion and Excess Variability of Relative Prices -- 2.2.5.7 Contracting Strategies -- 2.2.5.8 Disappearance of Markets -- 2.2.5.9 Economic Performance -- 2.2.5.10 External Trade -- 2.2.5.11 Distributional Effects of High Inflation -- 2.2.6 From High to Hyperinflation -- 2.3 OPTIONS FOR STABILISATION IN THE BEGINNING 1990s -- 2.3.1 Political Feasibility of Reforms -- 2.3.2 Shape of Reforms Ending Hyperinflation -- 2.3.2.1 Monetary and Fiscal Reform -- 2.3.2.2 External Anchor: Fixing the Exchange Rate -- 2.3.3 Argentina's Choice -- 3 STABILISATION VIA CURRENCY BOARD -- 3.1 THE CURRENCY BOARD IDEA -- 3.1.1 The Term -- 3.1.2 The Concept -- 3.1.3 Currency Board vs. Other Fixed Exchange Rate Arrangements -- 3.1.4 Currency Board vs. Central Bank -- 3.1.5 Excursus: Doctrinal History and the Currency Board Idea -- 3.1.5.1 Doctrinal Positions: Mercantilist vs. Classical Views.
3.1.5.2 The Bullionist and Banking-Currency Controversies -- The Early 19th Century Bullionist Controversy -- The 1840s Banking-Currency Controversy -- Findings with Hindsight -- 3.1.5.3 The Currency Board and Classical Monetary Theory -- 3.1.5.4 From Colonial to Present-Day Currency Boards -- Rationale of Colonial Currency Boards -- Currency Boards Since 1849 -- 3.2 THE SPECIFICS AND FUNCTIONING OF A CURRENCY BOARD -- 3.2.1 Constitutional Elements of a Currency Board -- 3.2.1.1 Anchor Currency -- 3.2.1.2 Fixed Exchange Rate -- 3.2.1.3 Full Convertibility -- 3.2.1.4 Conduct of Monetary Policy -- Control of Private Money Creation -- Clearing and Day-to-Day Monetary Operations -- Lender of Last Resort Function -- 3.2.1.5 Conduct of Fiscal Policy -- 3.2.1.6 Institutional Preconditions -- 3.2.2 Strengths and Weaknesses of a Currency Board -- 3.2.2.1 Strengths of a Currency Board -- Simplicity and Transparency -- Credibility -- Currency Stability -- Interest Rate Convergence -- Financial Intermediation -- 3.2.2.2 Weaknesses of a Currency Board -- Nominal Exchange Rate Rigidity and Exchange Rate Misalignments -- Financial Fragility in the Absence of a Lender of Last Resort -- Loss of Other Central Bank Functions -- Constraints on Fiscal Policy -- 3.2.3 Considerations for Adopting a Currency Board -- 3.2.3.1 When is a Currency Board an Appropriate Choice? -- 3.2.3.2 Implementation of a Currency Board -- 3.2.4 Duration and Termination of a Currency Board -- 3.2.4.1 Currency Board: Permanent or Transitional Arrangement? -- 3.2.4.2 Exit Options -- Built-in Escape Clauses -- Depreciation -- Appreciation -- Switch to a Floating Exchange Rate -- Switch in the Peg -- 3.2.5 Dual Currency Boards: An Extended Proposal for Currency Stability -- 4 THE ARGENTINE CURRENCY BOARD ARRANGEMENT -- 4.1 FEATURES AND IMPLEMENTATION OF THE ARGENTINE CBA -- 4.1.1 The Legal Fixing.
4.1.1.1 The Convertibility Law -- 4.1.1.2 The New Central Bank Law -- 4.1.2 Assessment of the Argentine CBA's Configuration -- 4.1.2.1 Orthodox and Non-Orthodox Elements -- 4.1.2.2 The Choice of the Anchor and the Rate -- 4.1.2.3 Suboptimal Currency Area -- 4.2 THE STABILISATION TRACK DURING THE 1990s -- 4.2.1 The Early 1990s' Economic Reforms -- 4.2.1.1 Further Reforms Shaping the Monetary Frame -- 4.2.1.2 Brady Restructuring -- 4.2.1.3 Tax Reforms -- 4.2.1.4 Federal Fiscal Relations -- 4.2.1.5 Privatisation and Deregulation -- 4.2.1.6 Financial Sector Reform -- 4.2.1.7 Social Security Reform -- 4.2.1.8 Labour Market Reforms -- 4.2.1.9 Trade Liberalisation -- 4.2.2 The Early 1990s' Economic Performance: 1991-1994 -- 4.2.2.1 Monetary and Financial Development -- 4.2.2.2 Economic Activity -- 4.2.2.3 Fiscal Development -- 4.2.2.4 Unemployment and Income Distribution -- 4.2.3 Coping with the Tequila Crisis: 1995 -- 4.2.3.1 The Tequila Effect -- 4.2.3.2 Currency and Bank Run -- 4.2.3.3 Managing the Crisis -- 4.2.3.4 Financial Sector Reforms in the Wake of Tequila -- 4.2.3.5 Fiscal Adjustment Following Tequila -- 4.2.4 The Second Expansionary Phase after Tequila: 1996-1998 -- 4.2.5 The Late 1990s' Recession: 1999-2001 -- 4.2.5.1 The Asian, Russian, and Brazilian Crises -- 4.2.5.2 More Adverse External Shocks -- 4.2.5.3 Recession cum Deflation -- 4.2.5.4 Real Appreciation of the Peso -- 4.2.5.5 Fiscal Atrophy -- 4.2.5.6 Limited Financial Sector Robustness -- 4.2.5.7 Further Labour Market Reforms -- 4.2.6 The Run Up to the Collapse: 2001 -- 4.2.6.1 Meddling with the CBA -- 4.2.6.2 Emission of Quasi-Monies -- 4.2.6.3 Social and Political Overflow, and the End of the CBA -- 4.2.7 A Sketch of the Post-Collapse -- 5 WHAT WENT WRONG? -- 5.1 THE MAIN SUSPECTS -- 5.1.1 Fiscal Imbalance -- 5.1.1.1 Persistent Budget Deficits -- 5.1.1.2 Total Indebtedness.
5.1.2 Overvalued Exchange Rate -- 5.1.2.1 Real Appreciation before 1998 -- 5.1.2.2 The Real Exchange Rate after 1998 -- 5.1.3 Sudden Stop -- 5.1.3.1 Leveraged Argentina -- 5.1.3.2 Debt Sustainability -- 5.1.3.3 The Sudden Stop in the Region -- 5.1.4 Shock Exacerbation within MERCOSUR -- 5.1.4.1 1994-1998: Fixed Here, Fixed plus Sterilisation There -- 5.1.4.2 1999-2001: Fixed Here, Floating plus Sterilisation There -- 5.1.4.3 Exposed within MERCOSUR -- 5.1.5 Institutional Defects -- 5.1.5.1 Insufficient Labour Market Reforms -- 5.1.5.2 Insufficient Diversification of Production -- 5.1.5.3 Banking Sector Reforms Impaired -- 5.1.5.4 Other Deficient Reforms -- 5.1.6 Politics -- 5.1.7 The IMF -- 5.1.7.1 The IMF and the CBA -- 5.1.7.2 Outline of the IMF's Engagement 1991-2001 -- 5.1.7.3 The Role of the IMF during 1991 to 2000 -- 5.1.7.4 The Role of the IMF in the Crisis -- 5.1.7.5 The Fund's Responsibilities -- 5.1.8 The Washington Consensus -- 5.1.9 The Currency Board Itself -- 5.2 TAKING STOCK -- 5.2.1 Vulnerability -- 5.2.2 Triggers -- 5.3 MISSED OPPORTUNITIES? -- 5.3.1 Soft Exit during 1993/1994 -- 5.3.2 Soft Exit during the Second Expansionary Phase -- 5.3.3 Hard Exit after the External Shocks of the Late Nineties -- 5.3.4 Exit towards Full Dollarisation until 1999 -- 5.3.5 Dollarisation in the Midst of Crisis -- 6 CONCLUSION -- Some Lessons -- Argentina's New Challenge -- BIBLIOGRAPHY -- STATISTICAL APPENDIX -- Macro Indicators -- Financial and Banking Indicators -- Fiscal Indicators -- Distribution and Poverty Indicators -- Selected Data.
Record Nr. UNINA-9910297043003321
Maute Jutta  
Bern, : Peter Lang International Academic Publishing Group, 2018
Materiale a stampa
Lo trovi qui: Univ. Federico II
Opac: Controlla la disponibilità qui
This time is different [[electronic resource] ] : eight centuries of financial folly / / Carmen M. Reinhart, Kenneth S. Rogoff
This time is different [[electronic resource] ] : eight centuries of financial folly / / Carmen M. Reinhart, Kenneth S. Rogoff
Autore Reinhart Carmen M
Pubbl/distr/stampa Princeton, N.J., : Princeton Univ. P., 2009
Descrizione fisica 1 online resource (xlv, 463 p.) : ill
Disciplina 338.542
Altri autori (Persone) RogoffKenneth S
Soggetto topico Business cycles
Fiscal policy
Financial crises
Soggetto non controllato Ben Bernanke
Big Five Crises
Big Six Crises
Charles Kindleberger
GDF
GDP growth
GFD
IMF
Inside Job
International Monetary Fund
League of Nations
Manias, Panics and Crashes
Margin Call
Second Great Contraction
The Big Short
Too Big to Fail
World Bank
bailouts
baking crises
banking panic
banking reforms
capital mobility
central banks
contagion
credit cycles
currency crashes
currency debasements
debt crises
debt cycles
debt defaults
debt intolerance
debt
defaults
deflation
domestic creditors
domestic debt
domestic default
economic downturn
equity
exchange rate crises
external default
financial combustion
financial crisis
great contraction of the 1930s
high inflation
inflation crises
inflation tax
medieval currency crisis
medieval currency debasements
multilateral lending
public debt
sovereign default
sovereign external debt crises
sovereign lending
sovereign risk
stock markets
subprime crisis
subprime mortgage
ISBN 9781400831722 (e-book)
9780691142166 (hbk.)
Formato Materiale a stampa
Livello bibliografico Monografia
Lingua di pubblicazione eng
Nota di contenuto PREAMBLE: SOME INITIAL INTUITIONS ON FINANCIAL FRAGILITY AND THE FICKLE NATURE OF CONFIDENCE -- PART I. Financial Crises: An Operational Primer -- PART II. Sovereign External Debt Crises -- PART III. The Forgotten History of Domestic Debt and Default -- PART IV. Banking Crises, Inflation, and Currency Crashes -- PART V. The U.S. Subprime Meltdown and the Second Great Contraction -- PART VI. What Have We Learned? -- DATA APPENDIXES -- NOTES -- REFERENCES -- NAME INDEX -- SUBJECT INDEX.
Record Nr. UNINA-9910792808203321
Reinhart Carmen M  
Princeton, N.J., : Princeton Univ. P., 2009
Materiale a stampa
Lo trovi qui: Univ. Federico II
Opac: Controlla la disponibilità qui
This time is different : eight centuries of financial folly / / Carmen M. Reinhart, Kenneth S. Rogoff
This time is different : eight centuries of financial folly / / Carmen M. Reinhart, Kenneth S. Rogoff
Autore Reinhart Carmen M
Edizione [1st ed.]
Pubbl/distr/stampa Princeton, N.J., : Princeton Univ. P., 2009
Descrizione fisica 1 online resource (xlv, 463 p.) : ill
Disciplina 338.542
Altri autori (Persone) RogoffKenneth S
Soggetto topico Business cycles
Fiscal policy
Financial crises
Soggetto non controllato Ben Bernanke
Big Five Crises
Big Six Crises
Charles Kindleberger
GDF
GDP growth
GFD
IMF
Inside Job
International Monetary Fund
League of Nations
Manias, Panics and Crashes
Margin Call
Second Great Contraction
The Big Short
Too Big to Fail
World Bank
bailouts
baking crises
banking panic
banking reforms
capital mobility
central banks
contagion
credit cycles
currency crashes
currency debasements
debt crises
debt cycles
debt defaults
debt intolerance
debt
defaults
deflation
domestic creditors
domestic debt
domestic default
economic downturn
equity
exchange rate crises
external default
financial combustion
financial crisis
great contraction of the 1930s
high inflation
inflation crises
inflation tax
medieval currency crisis
medieval currency debasements
multilateral lending
public debt
sovereign default
sovereign external debt crises
sovereign lending
sovereign risk
stock markets
subprime crisis
subprime mortgage
ISBN 9781400831722 (e-book)
9780691142166 (hbk.)
Formato Materiale a stampa
Livello bibliografico Monografia
Lingua di pubblicazione eng
Nota di contenuto PREAMBLE: SOME INITIAL INTUITIONS ON FINANCIAL FRAGILITY AND THE FICKLE NATURE OF CONFIDENCE -- PART I. Financial Crises: An Operational Primer -- PART II. Sovereign External Debt Crises -- PART III. The Forgotten History of Domestic Debt and Default -- PART IV. Banking Crises, Inflation, and Currency Crashes -- PART V. The U.S. Subprime Meltdown and the Second Great Contraction -- PART VI. What Have We Learned? -- DATA APPENDIXES -- NOTES -- REFERENCES -- NAME INDEX -- SUBJECT INDEX.
Record Nr. UNINA-9910811676303321
Reinhart Carmen M  
Princeton, N.J., : Princeton Univ. P., 2009
Materiale a stampa
Lo trovi qui: Univ. Federico II
Opac: Controlla la disponibilità qui