{"product_id":"issues-in-finance-isbn-9781444334012","title":"Issues in Finance","description":"\u003ci\u003eIssues in Finance: Credit, Crises and Policies\u003c\/i\u003e 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.  \u003cul\u003e \u003cli\u003ePresents a timely collection of surveys that shed light on the recent financial crisis\u003c\/li\u003e \u003cli\u003eOffers insights for economists in government, business, and finance\u003c\/li\u003e \u003cli\u003eShows how the mainstream economics literature was not blind to the potential problems of the financial framework and its interplay with the macro-economy\u003c\/li\u003e \u003c\/ul\u003e  Contributors.  \u003cp\u003eIssues in Finance: Credit, Crises and Policies – An Overview (\u003cb\u003eStuart Sayer).\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e1 Bank Capital Requirements, Business Cycle Fluctuations and the Basel Accords: A Synthesis (\u003cb\u003eInes Drumond).\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e2 The Ten Commandments for Optimizing Value-at-Risk and Daily Capital Charges (\u003cb\u003eMichael McAleer).\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e3 The Ten Commandments for Managing Value at Risk Under the Basel II Accord (\u003cb\u003eJuan-Ángel Jiménez-Martín, Michael McAleer and Teodosio Peréz-Amaral).\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e4 Sovereign Insolvency Procedures A Comparative Look at Selected Proposals (\u003cb\u003eKathrin Berensmann and Angélique Herzberg).\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e5 Collective Action Clauses in International Sovereign Bond Contracts – Whence the Opposition? (\u003cb\u003eSonke Haseler).\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e6 Collateral and Credit Rationing: A Review of Recent Empirical Studies as a Guide for Future Research (\u003cb\u003eTensie Steijvers and Wim Voordeckers).\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e7 The Stock Market, Housing and Consumer Spending: A Survey of the Evidence on Wealth Effects (\u003cb\u003eMonica Paiella).\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e8 Price-Level Targeting and Stabilisation Policy: A Survey (\u003cb\u003eSteve Ambler).\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIndex.\u003c\/p\u003e  \"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)  \u003cp\u003e \u003c\/p\u003e \u003cb\u003eStuart Sayer\u003c\/b\u003e is Professor of Economics Education, University of Edinburgh, Executive Director of the Scottish Institute for Research in Economics (SIRE), and Editor of the \u003ci\u003eJournal of Economic Surveys\u003c\/i\u003e. His research is in macroeconomic and monetary theory and policy, political economy, economic policy-making, and climate change economics. Recent years for economics and economists have been interesting times. Macroeconomics, and its interplay with finance and credit, had actually come to be seen as boring in some quarters following so many years of relative stability. Today, of course, macroeconomics is no longer perceived as antiquated and dull. Yet through the years leading up to the recent financial crisis, the 'cognoscenti' had never grown complacent. Many economists continued to toil away at key issues surrounding the relationship between credit, finance, and the macro-economy. The surveys collected in this book reflect many important aspects of these efforts. Topics covered include the Basel accords, sovereign insolvency procedures, collateral and credit, links between stock and house prices and consumer spending, and price-level targeting. This thought-provoking collection also reveals how much of mainstream economics literature was, in fact, well aware of the potential problems of the financial framework that would soon result in a global economic meltdown. Timely and relevant, \u003ci\u003eIssues in Finance\u003c\/i\u003e sheds important new light on the recent financial crisis and offers keen insights for reflection and future policy considerations.","brand":"Wiley-Blackwell","offers":[{"title":"Default Title","offer_id":47989482782949,"sku":"NP9781444334012","price":36.25,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1842\/7735\/files\/9781444334012.jpg?v=1761784281","url":"https:\/\/k12savings.com\/es\/products\/issues-in-finance-isbn-9781444334012","provider":"K12savings","version":"1.0","type":"link"}