Financial Assets, Debt and Liquidity Crises: A Keynesian Approach by Matthieu Charpe, Carl Chiarella, Peter Flaschel and Willi Semmler
English | 2011 | ISBN: 1107004934 , 0521010853 | ISBN-13: 9781107004931 | 456 pages | PDF | 4,2 MB
The macroeconomic development of most major industrial economies is characterised by boom-bust cycles. Normally such boom-bust cycles are driven by specific sectors of the economy. In the financial meltdown of the years 2007-2009 it was the credit sector and the real-estate sector that were the main driving forces.