UID:
kobvindex_INTNLM010904700
Format:
1 online resource (328 p)
,
cm
ISBN:
9781783477630
Series Statement:
Edward Elgar E-Book Archive
Content:
part I. Framing the discussion on the finance-growth nexus -- part II. Credit cycles, central bank policy and the real economy in CESEE -- part III. Real estate bubbles and the financial crisis -- part IV. The finance-growth nexus : implications for CESEE -- part V. The policy response in Europe : how to deal with the financial cycle
Content:
What is the link between the financial cycle - financial booms, followed by busts - and the real economy? What is the direction of this link and how salient is this connection? This unique book examines these fundamental questions and offers a paramount contribution to the debate surrounding the recent financial and economic crisis. With contributions from eminent academics and policy makers, this multi-disciplinary collection ascertains the policy challenges perpetuated by financial cycles in the real economy. Prominent macroeconomic models are challenged as experts question the nexus between financial deepening and growth, and assess the contribution of real estate bubbles to financial crises. Focusing on Europe, and in particular on Central, Eastern and South-Eastern Europe, the collection provides country-specific accounts, suggesting policy initiatives for dealing with financial cycles. The book concludes that financial cycles are leading indicators for financial crises and calls for economists to integrate financial factors into macroeconomic modelling. The multi-faceted nature of this book will be invaluable to researchers and students interested in the post financial crisis debate. Policy makers and practitioners will find the expert insight into lessons learned in Europe in the wake of the financial crisis and the proposal for dynamic policy initiatives to be invaluable
Note:
Includes index
Additional Edition:
Available in another form ISBN 9781783477623(hardback)
Additional Edition:
ISBN 9781783477623
Language:
English
Keywords:
Electronic books
DOI:
10.4337/9781783477630
URL:
FULL
((Currently Only Available on Campus))
