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Monetary Policy, Financial Crises, and the Macroeconomy

Festschrift for Gerhard Illing

Editors: Heinemann, Frank, Klüh, Ulrich, Watzka, Sebastian (Eds.)

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eBook $129.00
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  • ISBN 978-3-319-56261-2
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Hardcover $169.99
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  • ISBN 978-3-319-56260-5
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About this book

This volume investigates different aspects of monetary policy and prevention of financial crises. It discusses some recently suggested measures for central banks' responses to liquidity shortages and to the liquidity trap, methods for assessing the potential of crisis contagion via the interbank network, and the interaction between micro- and macro-prudential regulation. It compares different approaches for solving the Eurozone sovereign-debt problem and provides a new and intriguing explanation for rising income inequality. The authors are experts on monetary policy, financial crises, and contract theory from different European universities and central banks.

About the authors

Frank Heinemann is professor of macroeconomics at the Berlin University of Technology. His main research interests are monetary macroeconomics, financial crises, and experimental economics.

Ulrich Klüh is professor of economics at Hochschule Darmstadt. His main research interests are macroeconomic theory and policy, central banking, financial markets and institutions, and history and theory of economic thought.

Sebastian Watzka is assistant professor at the Seminar for Macroeconomics of the University of Munich, LMU. His research interests are monetary policy and financial markets, financial crises, inequality and unemployment.

Table of contents (16 chapters)

  • Monetary Policy, Financial Crises, and the Macroeconomy: Introduction

    Heinemann, Frank (et al.)

    Pages 1-16

  • Balancing Lender of Last Resort Assistance with Avoidance of Moral Hazard

    Goodhart, Charles

    Pages 19-26

  • Optimal Lender of Last Resort Policy in Different Financial Systems

    Fecht, Falko (et al.)

    Pages 27-57

  • Network Effects and Systemic Risk in the Banking Sector

    Lux, Thomas

    Pages 59-78

  • Contagion Risk During the Euro Area Sovereign Debt Crisis: Greece, Convertibility Risk, and the ECB as Lender of Last Resort

    Watzka, Sebastian

    Pages 79-104

Buy this book

eBook $129.00
price for USA in USD (gross)
  • ISBN 978-3-319-56261-2
  • Digitally watermarked, DRM-free
  • Included format: EPUB, PDF
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Hardcover $169.99
price for USA in USD
  • ISBN 978-3-319-56260-5
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
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Bibliographic Information

Bibliographic Information
Book Title
Monetary Policy, Financial Crises, and the Macroeconomy
Book Subtitle
Festschrift for Gerhard Illing
Editors
  • Frank Heinemann
  • Ulrich Klüh
  • Sebastian Watzka
Copyright
2017
Publisher
Springer International Publishing
Copyright Holder
Springer International Publishing AG
eBook ISBN
978-3-319-56261-2
DOI
10.1007/978-3-319-56261-2
Hardcover ISBN
978-3-319-56260-5
Edition Number
1
Number of Pages
VIII, 351
Number of Illustrations and Tables
24 illustrations in colour
Topics