Author | : Charles Goodhart |
File Size | : 40,5 Mb |
Publisher | : Edward Elgar Publishing |
Language | : English |
Release Date | : 02 June 2024 |
ISBN | : 9781788973656 |
Pages | : 352 pages |
Financial Regulation and Stability by Charles Goodhart Book PDF Summary
This book addresses the interaction of monetary and regulatory policy to achieve the important goal of price and financial stability. The authors show how financial stability can be assessed and measured continuously, and discuss the interrelationships between liquidity and default. Without default there would be no concern about liquidity. But the financial crisis was not just a liquidity problem, and requires a general equilibrium model. Their general equilibrium analysis demonstrates how policy should depend on understanding all the relevant factors.