Routledge Critical Studies in Finance and Stability
About the Book Series
The 2007-8 Banking Crash has induced a major and wide-ranging discussion on the subject of financial (in)stability and a need to revaluate theory and policy. The response of policy-makers to the crisis has been to refocus fiscal and monetary policy on financial stabilisation and reconstruction. However, this has been done with only vague ideas of bank recapitalisation and ‘Keynesian’ reflation aroused by the exigencies of the crisis, rather than the application of any systematic theory or theories of financial instability.
Routledge Critical Studies in Finance and Stability, edited by Jan Toporowski from SOAS, University of London covers a range of issues in the area of finance including instability, systemic failure, financial macroeconomics in the vein of Hyman P. Minsky, Ben Bernanke and Mark Gertler, central bank operations, financial regulation, developing countries and financial crises, new portfolio theory and New International Monetary and Financial Architecture.
Civil Society and the Reform of Finance: Taming Capital, Reclaiming Virtue
1st Edition
By Charles McDaniel Jr.
June 30, 2020
Efforts to resolve the recent financial crisis have obscured a more deeply rooted financialization crisis that impacts not only the market economy but also the vital civic and moral traditions that support it. This book reveals the cultural influence of finance in reshaping the foundations of ...
Financial Stability, Systems and Regulation
1st Edition
Edited
By Felipe C. Rezende, Jan Kregel
June 30, 2020
Ever since the 2007–8 global financial crisis and its aftermath, Hyman Minsky’s theory has never been more relevant. Throughout his career, Jan Kregel has called attention to Minsky’s contributions to understanding the evolution of financial systems, the development of financial fragility and ...
Liquidity Preference and Monetary Economies
1st Edition
By Fernando J. Cardim de Carvalho
June 30, 2020
The 2008 international crisis has revived the interest in Keynes’s theories and, in particular, on Minsky’s models of financial fragility. The core proposition of these theories is that money plays an essential role in modern economies, which is usually neglected in other approaches. ...
Achieving Financial Stability and Growth in Africa
1st Edition
Edited
By Stephany Griffith-Jones, Ricardo Gottschalk
December 12, 2019
This book explores how the financial system should be regulated and structured to achieve the twin goals of inclusive growth and financial stability, with a focus on African low-income countries (LICs). The subject and content of this book is original in that it attempts to draw on the lessons and ...
Financial Regulation in the European Union After the Crisis: A Minskian Approach
1st Edition
By Domenica Tropeano
December 12, 2019
In the wake of the financial crisis, new regulatory measures were introduced which, along with changes in monetary and macroeconomic policy, have transformed the global financial structure. However, this new financial structure displays various fragilities. A new shadow banking system has grown ...
Financialization and the Economy
1st Edition
Edited
By Agata Gemzik-Salwach, Krzysztof Opolski
July 29, 2019
There can be no doubt that the influence of the financial sphere has intensified rapidly in recent years, but there is much debate about the effect of that influence. The aftermath of the Financial Crisis has led to numerous discussions of the phenomenon of so-called financialization: the ...
Shadow Banking: Scope, Origins and Theories
1st Edition
Edited
By Anastasia Nesvetailova
January 23, 2019
Shadow banking – a system of credit creation outside traditional banks – lies at the very heart of the global economy. It accounts for over half of global banking assets, and represents a third of the global financial system. Although the term ‘shadow banking’ only entered public discourse in 2007,...
Financial Development, Economic Crises and Emerging Market Economies
1st Edition
Edited
By Faruk Ulgen
June 28, 2018
Recurrent crises in emerging markets and in advanced economies in the last decades cast doubt about the ability of financial liberalization to meet the aims of sustainable economic growth and development. The increasing importance of financial markets and financial efficiency criterion over ...
Financial Regulation in the European Union
1st Edition
Edited
By Rainer Kattel, Jan Kregel, Mario Tonveronachi
June 16, 2017
This collection offers a comparative overview of how financial regulations have evolved in various European countries since the introduction of the single European market in 1986. It includes a number of country studies which provides a narrative of the domestic financial regulatory structure at ...
Cycles, Growth and the Great Recession
1st Edition
Edited
By Annalisa Cristini, Stephen Fazzari, Edward Greenberg, Riccardo Leoni
November 11, 2016
Cycles, Growth and the Great Recession is a collection of papers that assess the nature and role of the business cycle in contemporary economies. These assessments are made in the context of the financial market instability that distinguishes the Great Recession from previous post-war slowdowns. ...
The Rise and Fall of Money Manager Capitalism: Minsky's half century from world war two to the great recession
1st Edition
By Eric Tymoigne, L. Randall Wray
January 21, 2016
The book studies the trends that led to the worst financial crisis since the Great Depression, as well as the unfolding of the crisis, in order to provide policy recommendations to improve financial stability. The book starts with changes in monetary policy and income distribution from the 1970s. ...
Banking Systems in the Crisis: The Faces of Liberal Capitalism
1st Edition
Edited
By Suzanne Konzelmann, Marc Fovargue-Davies
December 04, 2015
The 2008 financial crisis has severely shaken confidence in liberal economic theory and policy. However, the sharply divergent experiences of the six Anglo-Saxon ‘liberal market economies’ (LMEs) suggest that the reality is not so simple. This book traces the evolution of liberal capitalism, from ...