TY  - BOOK
AU  - Razin,Assaf
TI  - Understanding global crises: an emerging paradigm 
SN  - 9780262327701
AV  - HB3722 .U534 2014
PY  - 2015///
CY  - Cambridge, Massachusetts
PB  - The MIT Press
KW  - Financial crises
KW  - Investments, Foreign
KW  - Electronic Books
N1  - 2; Introduction --; The 1990s and early 2000s --; The 2008 global crisis --; The crisis in the euro-zone --; Analytics of financial fragility of banks --; Analytics of credit frictions and market freezes --; Analytics of bubbles and crises --; Analytics of currency crises --; Foreign investment and debt --; Foreign investment in the presence of liquidity shocks --; Inflation-output tradeoff with friction-less credit --; De-leveraging and liquidity trap --; Amplication and persistency of shocks in dynamic macroeconomic models --; Epilogue; 2; b
N2  - This book offers a review of an emerging paradigm that is consistent with the key features of recent global financial crises. This paradigm presents in a transparent way basic analytical elements of the theories of financial and monetary crises and how these elements fit together in macroeconomic analysis of global crises. Razin surveys the credit implosion that led to a severe banking crisis in Japan in the 1990s, the Asian financial crisis that began in 1997, the global meltdown of 2008, and the Euro-zone crisis. He reviews the analytics of financial fragilities, credit frictions, currency crises, and balance of payments crises, and addresses international capital flows with information frictions. --
UR  - https://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&db=nlabk&AN=926327&site=eds-live&custid=s3260518
ER  -