The rise of finance : causes, consequences and cures
By: Nageswaran, V. Anantha.
Contributor(s): Natarajan, Gulzar | Reddy, Y. V. [fore.].
Publisher: Cambridge Cambridge University Press 2019Description: xvi, 287p.ISBN: 9781108482349.Subject(s): Financialization | Globalization -- Economic aspects | Monetary policyDDC classification: 332 | N134r Summary: Financialisation, or the disproportionate importance of financial considerations in economic decisions, has been a defining feature of the economic history of the last twenty-five years. The wave of deregulation that accompanied the neoliberal agenda in the US, aided by the dominance of US dollar and American economy, has resulted in the globalisation of finance. This book examines the rise of financialisation globally, while charting its drawbacks and prescribing suggestions for a definitive overhaul of the structure. Bringing together various strands of the latest research and evidence generated in recent years, empirical analysis, and views of reputed experts in the field, it presents a counter-point to the canonical ideas of analysing financial market dynamics and financial globalisation. It proposes a revision of the current monetary policy paradigm to correct its excessive focus on equity markets and their 'wealth effect', embrace a more symmetric response to the economic cycle, and a mandate to focus on financial stability as much as price stability.Item type | Current location | Collection | Call number | Status | Date due | Barcode | Item holds |
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Books | PK Kelkar Library, IIT Kanpur | General Stacks | 332 N134r (Browse shelf) | Available | A185045 |
Browsing PK Kelkar Library, IIT Kanpur Shelves , Collection code: General Stacks Close shelf browser
332 M687e5 THE ECONOMICS OF MONEY, BANKING, AND FINANCIAL MARKETS | 332 M687E6 ECONOMICS OF MONEY,BANKING AND FINANCIAL MARKETS | 332 M687E6 ECONOMICS OF MONEY,BANKING AND FINANCIAL MARKETS | 332 N134r The rise of finance | 332 P696b A benchmark approach to quantitative finance | 332 P875m9 MONEY AND BANKING | 332 R169m MONEY AND BANKING |
Financialisation, or the disproportionate importance of financial considerations in economic decisions, has been a defining feature of the economic history of the last twenty-five years. The wave of deregulation that accompanied the neoliberal agenda in the US, aided by the dominance of US dollar and American economy, has resulted in the globalisation of finance. This book examines the rise of financialisation globally, while charting its drawbacks and prescribing suggestions for a definitive overhaul of the structure. Bringing together various strands of the latest research and evidence generated in recent years, empirical analysis, and views of reputed experts in the field, it presents a counter-point to the canonical ideas of analysing financial market dynamics and financial globalisation. It proposes a revision of the current monetary policy paradigm to correct its excessive focus on equity markets and their 'wealth effect', embrace a more symmetric response to the economic cycle, and a mandate to focus on financial stability as much as price stability.
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