Understanding Financial Crises Routledge Frontiers of Political Economy Series
Auteur : Yılmaz Ensar
Incorporating a broad range of economic approaches, Understanding Financial Crises explores the merits of various arguments and theories which have been used to explain the causes of financial crises.
The book explores eight of these different explanations: underconsumption, debt accumulation, financialization, income inequality, financial fragility, tendency of rate of profit to fall, human behavior, and global imbalances. The introduction provides a brief overview of each argument along with a comparison of their relative merits. Each chapter then introduces one of the arguments, explores a historical case, and focuses on the insights that can be gleaned into the global crisis in 2007?2008. The book draws on insights from various schools of thought including post-Keynesian economics, Marxist economics, behavioral economics, neoclassical economics, and more, to provide a pluralist overview of the causes of economic crises in general and the Great Recession in particular.
This book marks a significant contribution to the literature on economic and financial crises, political economy and heterodox economics. It is well suited to academicians, practitioners, and financial analysts working within the relevant fields.
Introduction (1) Underconsumption, Overproduction, and Disproportionality (2) Debt Accumulation (3) Financialization and Neoliberalism (4) Income Inequality (5) The Financial Instability Hypothesis (6) Tendency of Rate of Profit to Fall (7) Human Behavior (8) Global Imbalances and Crises
Ensar Yılmaz is a professor at Yıldız Technical University, Istanbul, Turkey, where he teaches in the Department of Economics. He is the author of several articles in the subjects of macroeconomics, financial regulation, income distribution and game theory.
Date de parution : 04-2022
15.6x23.4 cm
Date de parution : 07-2020
15.6x23.4 cm
Thème d’Understanding Financial Crises :
Mots-clés :
Minsky’s Financial Instability Hypothesis; Global Imbalances; under-consumption; Behavioral Biases; debt accumulation; Minsky’s Views; financialization; Export Led Growth Model; income inequality; Financial Instability Hypothesis; financial fragility; Capital III; rate of profit; Underconsumption Theory; human behavior; SIVs; Current Account Balances; Great Recession; Basel III; financial crises; Profit Squeeze; Marxist economics; EU GDP; post-Keynesian economics; Profit Squeeze Theory; pluralism; SSA Theory; neoclassical economics; Saving Glut Hypothesis; Current Account Deficit; Organic Composition; Personal Income Distribution; General Rate; Functional Income Distribution; Sovereign Debt; Twin Deficit Hypothesis; Shadow Banking; Domestic Public Debt