FINANCIAL CRISES CONTAGION AND THE LENDER OF LAST RESORT GOODHART C., ILLING G. Księgarnia

Financial Crises, Contagion, and the Lender of Last Resort - A Reader

Edited by Charles Goodhart, London School of Economics, and Gerhard Illing, University of Munich

Description

Financial crises have become more frequent over the last two decades than they were previously. This book illuminates the fierce debate over how the monetary authorities should handle these crises by bringing together a selection of the best writings on the subject and by reflecting all viewpoints.

Readership: Financial and monetary economists, commentators on financial subjects, (central) bankers, financial regulators, ministries of finance, and graduate students in these areas.

Contents/contributors

1 Charles Goodhart and Gerhard Illing: Introduction

2 Xavier Freixas, Curzio Giannini, Glenn Hoggarth, and Farouk Soussa: Lender of Last Resort---a Review of the Literature

I. Historical Analysis3 Henry Thornton: An Enquiry into the Nature and Effects of the Paper Credit of Great Britain (excerpts)

4 Walter Bagehot: A General View of Lombard Street (excerpts)

5 Thomas Humphrey and Robert Keleher: The Lender of Last Resort: a Historical Perspective

6 Michael Bordo: The Lender of Last Resort: Alternative Views and Historical Experience

7 Richard Timberlake: The Central Banking Role of Clearinghouse Associations

II. Contemporary Analysis8 Marvin Goodfriend and Robert King: Financial Deregulation, Monetary Policy, and Central Banking

9 George Kaufman: Lender of Last Resort: a Contemporary Perspective

10 Fred Hirsch: The Bagehot Problem

11 Robert Solow: On the Lender of Last Resort

12 M. J. Flannery: Financial Crises, Payment System Problems, and Discount Window Lending (excerpts)

13 Charles Goodhart: Myths about the Lender of Last Resort

III. Bank Runs and Contagion14 Olivier De Bandt and Philipp Hartmann: Systemic Risk in Banking: a Survey

15 Douglas W. Diamond and Philip Dybvig: Bank Runs, Deposit Insurance, and Liquidity

16 Franklin Allen and Douglas Gale: Optimal Currency Crises

17 Y. Chen: Banking Panics: the Role of the First-Come, First-Served Rule and Information Externalities

18 Franklin Allen and Douglas Gale: Financial Contagion

19 Xavier Freixas, Bruno M. Parigi, and Jean-Charles Rochet: Systemic Risk, Interbank Relations, and Liquidity Provision by the Central Bank

IV. An International Lender of Last Resort?20 Forrest Capie: Can there Be an International Lender of Last Resort?

21 Anna Schwartz: Earmarks of a Lender of Last Resort

22 Meltzer Report of the International Financial Institution Advisory Commission (excerpts)

23 R. Brealey: The Asian Crisis: Lessons for Crisis Management and Prevention

24 Stanley Fischer: On the Need for an International Lender of Last Resort

25 Curzio Giannini: Pitfalls in International Crisis Lending

558 pages

Po otrzymaniu zamówienia poinformujemy,
czy wybrany tytuł polskojęzyczny lub anglojęzyczny jest aktualnie na półce księgarni.