Macroeconomics in Times of Liquidity Crises: Searching for Economic Essentials

by Guillermo A. Calvo

An examination of Liquidity Crunch in triggering and characterizing financial crises.

Since the subprime mortgage crisis that began in 2007, advanced economies have felt a nagging sense of insecurity. In parallel, the profession has witnessed phenomena that are alien to mainstream macroeconomic models. Financial crises are systemic, occurring simultaneously in different economies. In this book, Guillermo Calvo focuses on liquidity...

• Format: Hardcover
• Language: English
• ISBN: 0262035413
• ISBN13: 9780262035415
• Release Date: November 2016
• Publisher: MIT Press
• Length: 264 Pages
• Weight: 0.85 lbs.
• Dimensions: 0.7" x 5.6" x 8.2"
• Age Range: 18 years and up
• Grade Range: Postsecondary and higher