Financial Crises, Contagion and the Lender of Last Resort
Normal Price: $118.95
Your Price: $107.06 AUD, inc. GST
Shipping: $7.95 per order
You Save: $11.89! (10% off normal price)
Plus...earn $5.35 in Boomerang Bucks
Availability: Available to Backorder, No Due Date for Supply
Financial Crises, Contagion and the Lender of Last Resort by Charles Goodhart
Book DescriptionFinancial crises, often of an apparently contagious nature, have become more frequent over the last two decades than they were previously. The monetary authorities, especially central banks, and, in the international context, the International Monetary Fund, have had to decide how to handle them. This has revived interest in the analysis of the role of a Lender of Last Resort (LOLR). On the one hand, such LOLR support actions have been accused of contributing to the currently increased frequency of (systemic) crises. By providing a safety net for banking activities, they are said to encourage excessive risk taking (moral hazard), thus provoking the very crises they are supposed to prevent. On the other hand, the (surprisingly) fast recovery experienced after (most of) these crises may, perhaps, be attributed to the safety net provided by LOLR facilities, which may have dampened real effects by containing contagion. Currently, the need for, and the appropriate design of, a LOLR both at the national and international level is hotly debated. There are fierce controversies about how to handle crisis management. This book assembles a selection of the best available studies in this field, and illuminates both sides of the debate. After a substantial review of the literature, Part I Iooks back to the historical evolution of thought on the conduct of LOLR. Parts II and III review contemporary contributions to the debate. Part IV explores the international aspects of these issues. Overall, this Reader provides comprehensive and authoritative coverage of the contending views on how the authorities might respond to financial crises. It will appeal to a broad readership including financial and monetary economists, commentators on financial subjects, (central) bankers, financial regulators, and ministries of finance.
Buy Financial Crises, Contagion and the Lender of Last Resort book by Charles Goodhart from Australia's Online Bookstore, Boomerang Books.
Book DetailsISBN: 9780199247219
(233mm x 156mm x 30mm)
Imprint: Oxford University Press
Publisher: Oxford University Press
Publish Date: 17-Jan-2002
Country of Publication: United Kingdom
Books By Author Charles Goodhart
Basel Committee on Banking Supervision, Hardback (August 2011)
A major contribution to the historical record on banking supervision.
Future of Central Banking, Paperback (June 2008)
Papers from the Bank of England's Tercentenary Symposium provide an authoritative account of the evolution of central banking and explore policy dilemmas.
House Prices and the Macroeconomy, Hardback (December 2006)
The macroeconomic implications of asset price flucuations have received increasing attention in academic and policy circles recently, in large part due to the recent boom-bust bubbles in the equity and now housing markets. This book aims to investigate the role of asset prices for various aspects of the macroeconomy.
Intervention to Save Hong Kong, Hardback (May 2003)» View all books by Charles Goodhart
By August 1998, it was clear that the Hong Kong economy was under threat, both from the natural consequences of the Asian crisis (1997/8)and by waves of speculation. This text discusses the measures taken by the authorities, who decided on a bold, unexpected and unconventional response.
» Have you read this book? We'd like to know what you think about it - write a review about Financial Crises, Contagion and the Lender of Last Resort book by Charles Goodhart and you'll earn 50c in Boomerang Bucks loyalty dollars (you must be a member - it's free to sign up!)
Author Biography - Charles Goodhart
Charles Goodhart is Professor of Banking and Finance at the London School of Economics and Political Science. Prior to this he was Chief Adviser at the Bank of England (1980 to 1985). Gerhard Illing is Professor of Macroeconomics at the University of Munich.
Bestselling Books: Our Current Bestsellers | Australia's Hottest 1000 Books | Bestselling Fiction | Bestselling Crime Mysteries and Thrillers | Bestselling Non Fiction Books | Bestselling Sport Books | Bestselling Gardening and Handicrafts Books | Bestselling Biographies | Bestselling Food and Drink | Bestselling History | Bestselling Travel Books | Bestselling School Textbooks & Study Guides | Bestselling Children's General Non-Fiction | Bestselling Young Adult Fiction | Bestselling Children's Fiction | Bestselling Picture Books | Top 100 US Bestsellers
Phone: 1300 36 33 32 (9am-2pm Mon-Fri AEST) - International: +61 2 9960 7998 - Online Form
Address: Boomerang Books, 878 Military Road, Mosman Junction, NSW, 2088
© 2003-2016. All Rights Reserved. Eclipse Commerce Pty Ltd - ACN: 122 110 687 - ABN: 49 122 110 687
For every $20 you spend on books, you will receive $1 in Boomerang Bucks loyalty dollars. You can use your Boomerang Bucks as a credit towards a future purchase from Boomerang Books. Note that you must be a Member (free to sign up) and that conditions do apply.