Issues in Finance: Credit, Crises and Policies

by Stuart Sayer (Editor)

Overview

Issues in Finance: Credit, Crises and Policies presents a collection of surveys on key issues surrounding the relationship between credit, finance, and the macro-economy that are linked to the recent global financial crisis.

• Presents a timely collection of surveys that shed light on the recent financial crisis
• Offers insights for economists in government, business, and finance
• Shows how the mainstream economics literature was not blind to the potential problems of the financial framework and its interplay with the macro-economy

Product Details

ISBN-13:	9781444391619
Publisher:	Wiley
Publication date:	09/07/2011
Series:	Surveys of Recent Research in Economics
Sold by:	JOHN WILEY & SONS
Format:	eBook
Pages:	224
File size:	1 MB

About the Author

Stuart Sayer is Professor of Economics Education, University of Edinburgh, Executive Director of the Scottish Institute for Research in Economics (SIRE), and Editor of the Journal of Economic Surveys. His research is in macroeconomic and monetary theory and policy, political economy, economic policy-making, and climate change economics.

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Table of Contents

Contributors.

Issues in Finance: Credit, Crises and Policies – An Overview (Stuart Sayer).

1 Bank Capital Requirements, Business Cycle Fluctuations and the Basel Accords: A Synthesis (Ines Drumond).

2 The Ten Commandments for Optimizing Value-at-Risk and Daily Capital Charges (Michael McAleer).

3 The Ten Commandments for Managing Value at Risk Under the Basel II Accord (Juan-Ángel Jiménez-Martín, Michael McAleer and Teodosio Peréz-Amaral).

4 Sovereign Insolvency Procedures A Comparative Look at Selected Proposals (Kathrin Berensmann and Angélique Herzberg).

5 Collective Action Clauses in International Sovereign Bond Contracts – Whence the Opposition? (Sonke Haseler).

6 Collateral and Credit Rationing: A Review of Recent Empirical Studies as a Guide for Future Research (Tensie Steijvers and Wim Voordeckers).

7 The Stock Market, Housing and Consumer Spending: A Survey of the Evidence on Wealth Effects (Monica Paiella).

8 Price-Level Targeting and Stabilisation Policy: A Survey (Steve Ambler).

Index.

What People are Saying About This

From the Publisher

"The range of topics in this well-researched and well-written book include optimizing value-at-risk and daily capital charges, managing value at risk under the Basel II Accord, sovereign insolvency procedures, collective action clauses in international sovereign bond contracts, a review of empirical studies on collateral and credit rationing, and capital requirements, business cycle fluctuations, and the Basel Accords." (Booknews, 1 April 2011)

Editorial Reviews

"The range of topics in this well-researched and well-written book include optimizing value-at-risk and daily capital charges, managing value at risk under the Basel II Accord, sovereign insolvency procedures, collective action clauses in international sovereign bond contracts, a review of empirical studies on collateral and credit rationing, and capital requirements, business cycle fluctuations, and the Basel Accords." (Booknews, 1 April 2011)

 

From the Publisher