Liquidity Preference Under Uncertainty
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Liquidity Preference Under Uncertainty
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Author : Carliss Y. Baldwin
language : en
Publisher: Forgotten Books
Release Date : 2018-02-16
Liquidity Preference Under Uncertainty written by Carliss Y. Baldwin and has been published by Forgotten Books this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018-02-16 with Business & Economics categories.
Excerpt from Liquidity Preference Under Uncertainty: A Model of Dynamic Investment in Illiquid Assets, November 1978 In what follows, we shall consistently distinguish between investments and opportunities. Opportunities in our model are potential capital investments, which the investor perceives, but has not yet acted upon. An opportunity becomes an investment if and only if the investor acts to accept it (commits resources to it). About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
Liquidity Preference Under Uncertainty
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Author : Carliss Y. Baldwin
language : en
Publisher: Sagwan Press
Release Date : 2015-08-23
Liquidity Preference Under Uncertainty written by Carliss Y. Baldwin and has been published by Sagwan Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015-08-23 with categories.
This work has been selected by scholars as being culturally important, and is part of the knowledge base of civilization as we know it. This work was reproduced from the original artifact, and remains as true to the original work as possible. Therefore, you will see the original copyright references, library stamps (as most of these works have been housed in our most important libraries around the world), and other notations in the work.This work is in the public domain in the United States of America, and possibly other nations. Within the United States, you may freely copy and distribute this work, as no entity (individual or corporate) has a copyright on the body of the work.As a reproduction of a historical artifact, this work may contain missing or blurred pages, poor pictures, errant marks, etc. Scholars believe, and we concur, that this work is important enough to be preserved, reproduced, and made generally available to the public. We appreciate your support of the preservation process, and thank you for being an important part of keeping this knowledge alive and relevant.
Liquidity Preference Under Uncertainty
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Author : Carliss Y. Baldwin
language : en
Publisher:
Release Date : 2013-10
Liquidity Preference Under Uncertainty written by Carliss Y. Baldwin and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-10 with categories.
This is a reproduction of a book published before 1923. This book may have occasional imperfections such as missing or blurred pages, poor pictures, errant marks, etc. that were either part of the original artifact, or were introduced by the scanning process. We believe this work is culturally important, and despite the imperfections, have elected to bring it back into print as part of our continuing commitment to the preservation of printed works worldwide. We appreciate your understanding of the imperfections in the preservation process, and hope you enjoy this valuable book.
Keynes On Monetary Policy Finance And Uncertainty
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Author : Jorg Bibow
language : en
Publisher: Routledge
Release Date : 2013-03-01
Keynes On Monetary Policy Finance And Uncertainty written by Jorg Bibow and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-03-01 with Business & Economics categories.
This book provides a reassessment of Keynes’ theory of liquidity preference. It argues that the failure of the Keynesian revolution to be made in either theory or practice owes importantly to the fact that the role of liquidity preference theory as a pivotal element in Keynes’ General Theory has remained underexplored and indeed widely misunderstood even among Keynes’ followers and until today. The book elaborates on and extends Keynes’ conceptual framework, moving it from the closed economy to the global economy context, and applies liquidity preference theory to current events and prominent hypotheses in global finance. Jörg Bibow presents Keynes’ liquidity preference theory as a distinctive and highly relevant approach to monetary theory offering a conceptual framework of general applicability for explaining the role and functioning of the financial system. He argues that, in a dynamic context, liquidity preference theory may best be understood as a theory of financial intermediation. Through applications to current events and prominent hypotheses in global finance, this book underlines the richness, continued relevance, and superiority of Keynes’ theory of liquidity preference; with Hyman Minsky standing out for developing Keynes’ vision of financial capitalism.
Liquidity Preference Under Uncertainty
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Author : Carliss Young Baldwin
language : en
Publisher:
Release Date : 1978
Liquidity Preference Under Uncertainty written by Carliss Young Baldwin and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1978 with categories.
Keynes On Monetary Policy Finance And Uncertainty
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Author : Jörg Bibow
language : en
Publisher:
Release Date : 2005
Keynes On Monetary Policy Finance And Uncertainty written by Jörg Bibow and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2005 with categories.
Liquidity Preference And Monetary Economies
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Author : Fernando J. Cardim de Carvalho
language : en
Publisher: Routledge
Release Date : 2015-05-22
Liquidity Preference And Monetary Economies written by Fernando J. Cardim de Carvalho and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015-05-22 with Business & Economics categories.
The 2008 international crisis has revived the interest in Keynes’s theories and, in particular, on Minsky’s models of financial fragility. The core proposition of these theories is that money plays an essential role in modern economies, which is usually neglected in other approaches. This is Keynes’s liquidity preference theory, which is also the foundation for Minsky’s model, a theory that has been largely forgotten in recent years. This book looks at liquidity preference theory and its most important problems, showing how one should understand the role of money in modern monetary economies. It develops Keynes’s and Minsky’s financial view of money, relating it to the process of capital accumulation, the determination of effective demand and the theory of output, and employment as a whole. Building on the author’s significant body of work in the field, this book delves into a broad range of topics allowing the general reader to understand propositions that have been mistreated in the literature including Keynes and the concept of monetary production economy; uncertainty, expectations and money; short and long period; liquidity preference theory as a theory of asset pricing under uncertainty; asset prices and capital accumulation; Keynes’s version of the principle of effective demand; and the role of macroeconomic policy. It will be essential reading for all students and scholars of Post-Keynesian economics.
Keynes On Monetary Policy Finance And Uncertainty
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Author :
language : en
Publisher:
Release Date : 2009
Keynes On Monetary Policy Finance And Uncertainty written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009 with categories.
In this book, Jrg Bibow illustrates how Keynes' methodology inspired his economic theorizing and how this led to fundamental insights concerning the role of money that contrasted with orthodox closed-system modelling.
Keynes On Monetary Policy Finance And Uncertainty
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Author : Jo ̈rg Bibow
language : en
Publisher:
Release Date : 2014-05-14
Keynes On Monetary Policy Finance And Uncertainty written by Jo ̈rg Bibow and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014-05-14 with Financial crises categories.
This book provides a reassessment of Keynes' theory of liquidity preference. It argues that the failure of the Keynesian revolution to be made in either theory or practice owes importantly to the fact that the role of liquidity preference theory as a pivotal element in Keynes' General Theory has remained underexplored and indeed widely misunderstood even among Keynes' followers and until today. The book elaborates on and extends Keynes' conceptual framework, moving it from the closed economy to the global economy context, and applies liquidity preference theory to current events and prominent hypotheses in global finance. Jorg Bibow presents Keynes' liquidity preference theory as a distinctive and highly relevant approach to monetary theory offering a conceptual framework of general applicability for explaining the role and functioning of the financial system. He argues that, in a dynamic context, liquidity preference theory may best be understood as a theory of financial intermediation. Through applications to current events and prominent hypotheses in global finance, this book underlines the richness, continued relevance, and superiority of Keynes' theory of liquidity preference; with Hyman Minsky standing out for developing Keynes' vision of financial capitalism.
Portfolio Preference Uncertainty And Gains From Policy Coordination
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Author : Mr.Paul R. Masson
language : en
Publisher: International Monetary Fund
Release Date : 1991-06-01
Portfolio Preference Uncertainty And Gains From Policy Coordination written by Mr.Paul R. Masson and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 1991-06-01 with Business & Economics categories.
International macroeconomic policy coordination is generally considered to be made less likely—and less profitable—by the presence of uncertainty about how the economy works. The present paper provides a counter-example, in which increased uncertainty about portfolio preference of investors makes coordination of monetary policy more beneficial. In particular, in the absence of coordination monetary authorities may respond to financial market uncertainty by not fully accommodating demands for increased liquidity, for fear of bringing about exchange rate depreciation. Coordinated monetary expansion would minimize this danger. A theoretical model incorporating an equity market is developed, and the stock market crash of October 1987 is discussed in the light of its implications for monetary policy coordination.
