Gorton, Gary B.

Macroeconomics and Financial Crises: Bound Together by Information Dynamics

(No reviews yet) Write a Review
ISBN 13:
9780691227016
author:
Gorton, Gary B.
format:
Hardback
publisher:
Princeton University Press
language:
English
Publication Year:
2023
Pages:
208
Dimensions:
25.6 x 17.8 x 2.4 centimetres (0
Genre:
Business, Economics, Macroeconomics,
Condition:
New
Availability:
Item usually sent within 10 working days
£26.96

Description

Hardcover, 208 pages, 9780691227016 Macroeconomics and Financial Crises rethinks how technological change, credit booms, and endogenous information production combine to generate financial crises as inherent reactions to macroeconomic dynamics. Gary Gorton and Guillermo Ordoñez identify short-term debt, collateral, and information as common elements present in all financial crises. During a credit boom, the economy reaches a tipping point where information production becomes too tempting, disrupting short-term debt and cutting most firms out of the credit market. This book provides new perspectives on the intricate relations between macroeconomics and financial crises, showing how financial crises are triggered by the dynamics of macroeconomic variables.

View AllClose

Related Products

Related Products

Bound Together - Sea Haven
Add to Cart
Quick view

Bound Together - Sea Haven

Feehan, Christine

£10.00
The Sea Haven series concludes with Bound Together, the latest novel from #1 New York Times bestselling author Christine Feehan. For five years, Viktor Prakenskii has been working to dismantle a...