Banking, Monetary Policy and the Political Economy of Financial Regulation: Essays in the Tradition of Jane D'Arista

Author:   Gerald A. Epstein ,  Tom Schlesinger ,  Matías Vernengo
Publisher:   Edward Elgar Publishing Ltd
Edition:   UK ed.
ISBN:  

9781848443679


Pages:   392
Publication Date:   29 August 2014
Format:   Hardback
Availability:   To order   Availability explained
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Banking, Monetary Policy and the Political Economy of Financial Regulation: Essays in the Tradition of Jane D'Arista


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Overview

The many forces that led to the economic crisis of 2008 were in fact identified, analyzed and warned against for many years before the crisis by economist Jane D'Arista, among others. Now, writing in the tradition of D'Arista's extensive work, the internationally renowned contributors to this thought-provoking book discuss research carried out on various indicators of the crisis and illustrate how these perspectives can contribute to productive thinking on monetary and financial policies.Topics addressed include monetary policy, financial markets, financial history, liquidity, institutions and global finance, with an emphasis on the ways in which theory and policy can be applied toward the goal of a more equitable and civilized society. The book s contributors hail from across the globe and offer a range of both academic and policy-making perspectives. This fascinating book will appeal to students and scholars of economics, particularly those with an interest in international finance and banking, financial regulation, and political economy. Contributors: R.A. Blecker, P. Bond, J. Crotty, G.A. Dymski, G.A. Epstein, K. Ertürk, J.K. Galbraith, R.N. McCauley, P. Mehrling, D.H. Nielson, G. Özgür, T. Palley, E. Pérez Caldentey, C. Rada, E.D. Russell, T. Schlesinger, M. Seccareccia, L. Taylor, M. Vernengo, R.H. Wade, M.H. Wolfson

Full Product Details

Author:   Gerald A. Epstein ,  Tom Schlesinger ,  Matías Vernengo
Publisher:   Edward Elgar Publishing Ltd
Imprint:   Edward Elgar Publishing Ltd
Edition:   UK ed.
ISBN:  

9781848443679


ISBN 10:   1848443676
Pages:   392
Publication Date:   29 August 2014
Audience:   College/higher education ,  Postgraduate, Research & Scholarly ,  Postgraduate, Research & Scholarly
Format:   Hardback
Publisher's Status:   Active
Availability:   To order   Availability explained
Stock availability from the supplier is unknown. We will order it for you and ship this item to you once it is received by us.

Table of Contents

Contents: PART I: APPRECIATION AND INTRODUCTION 1. Jane D’Arista: An Appreciation Tom Schlesinger 2. Introduction Gerald A. Epstein, Tom Schlesinger and Matías Vernengo PART II: FEDERAL RESERVE POLICY 3. From Milton Friedman to Jane D’Arista: The Financial Crisis and the Dilemma Facing the Central Banks James K. Galbraith 4. Federal Reserve Priorities and the Influence of Capital: The Evolution of Monetary Policy in the Postwar Period Martin H. Wolfson 5. Heterodox Central Bankers: Eccles, Prebisch and Financial Reform Matías Vernengo and Esteban Pérez Caldentey PART III: FINANCIAL HISTORY AND INSTITUTIONS 6. Nurturing US Securities Firms: A Century of Public Policy Robert N. McCauley 7. Lessons from the Glass-Steagall Act Ellen D. Russell 8. The Financial Trilemma and the Future of American Banking Gary A. Dymski 9. Boulevard to Broken Dreams: The Standards-Surveillance-Compliance System in the Run-up to the Crash of 2008 Robert H. Wade PART IV: GLOBAL FINANCE 10. Would a North American Monetary Union Protect Canada and Mexico Against the Ravages of ‘Dutch Disease’? A Post-Financial Crisis Perspective Robert A. Blecker and Mario Seccareccia 11. Rethinking the Economics of Capital Mobility and Capital Controls Thomas Palley 12. Global Economic Volatility and Slap-Dash Repairs to the International Financial Architecture Patrick Bond PART V: THEORETICAL CONSIDERATIONS 13. Liquidity, Leverage, and Financial Instability Lance Taylor 14. The Decline of Traditional Banking and Endogenous Money Korkut Ertürk and Gökçer Özgür 15. A New Measure of Liquidity Premium Perry Mehrling and Daniel H. Nielson 16. The Last Refuge of Scoundrels: Keynes-Minsky Perspectives on the Uses and Abuses of the ‘Liquidity Defense’ James Crotty and Gerald A. Epstein 17. A Note on Growth and Distribution Dynamics in an Economy with Population Ageing Codrina Rada Index

Reviews

'Jane D'Arista is one of those towering figures who thinks way ahead of the conventional understandings. A generation ago she recognized the distorted architecture of finance and banking and described in lucid detail the reform agenda for restoring a stable and equitable system. Written in the tradition of D'Arista, the essays in this important collection point the way toward overcoming the recurrent financial disorders of our gilded age. Like Jane D'Arista's work, this timely volume demands the attention of both policy experts and the politicians who must do the reconstruction.' -- William Greider, author of Secrets of the Temple: How the Federal Reserve Runs the Country


`Jane D'Arista is one of those towering figures who thinks way ahead of the conventional understandings. A generation ago she recognized the distorted architecture of finance and banking and described in lucid detail the reform agenda for restoring a stable and equitable system. Written in the tradition of D'Arista, the essays in this important collection point the way toward overcoming the recurrent financial disorders of our gilded age. Like Jane D'Arista's work, this timely volume demands the attention of both policy experts and the politicians who must do the reconstruction.' -- William Greider, author of Secrets of the Temple: How the Federal Reserve Runs the Country


Author Information

Edited by Gerald A. Epstein, Professor of Economics and Co-Director, Political Economy Research Institute (PERI), University of Massachusetts, Amherst, US, Tom Schlesinger, formerly at Financial Markets Center and Matías Vernengo, Full Professor, Bucknell University, US

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