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Macroeconomics in Context

Macroeconomics in Context

Macroeconomics in Context lays out the principles of macroeconomics in a manner that is thorough up to date and relevant to students. Like its counterpart Microeconomics in Context the book is uniquely attuned to economic social and environmental realities. The “In Context” books offer engaging coverage of current topics including policy responses to recession and inflation inequality deficits and government debt economic impacts of the COVID-19 pandemic and the economics of environmental sustainability. This fourth edition includes: Improved and concise discussions of introductory topics especially on key economic activities macroeconomic goals and economic models Further emphasis on inequality environmental sustainability financialization the changing nature of work and international developments such as the role of transnational corporations and supply chain issues Discussion of the impacts of the COVID-19 pandemic on macroeconomic factors like well-being inequality and labor markets Presentation of policy issues in historical environmental institutional social political and ethical contexts including an updated discussion of fiscal policy in relation to the Biden administration’s infrastructure and social investment spending Clear explanations of basic economic concepts alongside more in-depth analysis of macroeconomics models and economic activity This book combines real-world relevance with a thorough grounding in multiple economic paradigms. It is the ideal textbook for modern introductory courses in macroeconomics. The book’s companion website is available at: http://www. bu. edu/eci/macro

GBP 56.99
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Macroeconomics and Markets in Developing and Emerging Economies

Macroeconomics and Markets in Developing and Emerging Economies

The book presents and further develops basic principles and concepts in international finance and open economy macroeconomics to make them more relevant for emerging and developing economies (EDEs). The volume emphasises the necessity of greater knowledge of context as populous Asian economies integrate with world markets as well as the rapidly changing nature of the area due to rethinking after the global financial crisis. It addresses a host of themes including key issues such as exchange rate economics macroeconomic policy in an open economy analytical frameworks for and experience of EDEs after liberalisation the international financial system currency and financial crises continuing risks and regulatory response. This book will be useful to scholars and researchers of economics especially in macroeconomics business and finance and development studies. | Macroeconomics and Markets in Developing and Emerging Economies

GBP 39.99
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Developmental Macroeconomics New Developmentalism as a Growth Strategy

Developmental Macroeconomics New Developmentalism as a Growth Strategy

Developmental Macroeconomics: Access to Demand the Exchange Rate and Growth offers a new approach to development economics and macroeconomics. It is a Keynesian-structuralist approach to economics applied to middle income countries that emphasizes the strategic role of demand in creating investment opportunities that are essential to economic development. It also explores crucial links between short-term full employment and financial stability with medium term growth. While this book emphasizes the central role played by the exchange rate it does not ignore other macroeconomic prices (the interest rate the inflation rate and the profit rate). It develops a group of concepts and models and blends them together in the model of the tendency to the cyclical overvaluation of the exchange rate in developing countries. According to this model the exchange rate tends to be chronically overvalued. In so far that this is true the exchange rate ceases to be just a short-term problem to be treated by macroeconomics and becomes central to development economics and should be crucially oriented to manage the exchange rate and keep it competitive at the industrial equilibrium level. The book closes with the presentation of new developmentalism – a national development strategy based on the system of models previously discussed that is both an alternative to old national-developmentalism and to liberal orthodoxy or the Washington consensus. | Developmental Macroeconomics New Developmentalism as a Growth Strategy

GBP 44.99
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Rethinking Macroeconomics A History of Economic Thought Perspective

Rethinking Macroeconomics A History of Economic Thought Perspective

Macroeconomics has always played host to contesting schools of thought but recent events have exacerbated those differences. To fully understand the subject students need to be aware of these controversies. Rethinking Macroeconomics: A History of Economic Thought Perspective introduces students to the key schools of thought equipping them with the knowledge needed for a true understanding of today’s economy. The text guides the reader through multiple approaches to macroeconomic analysis before presenting the data for several critical economic episodes all in order to explore which analytical method provides the best explanation for each event. It covers key background information on topics such as the basics of supply and demand macroeconomic data international trade and the balance of payments the creation of the money supply and the global financial crisis. This anticipated second edition contains new chapters on Modern Monetary Theory the Japanese economy the European Union and the COVID-19 crisis bringing the story up to date and broadening the international coverage. Offering the context that is missing from existing introductory textbooks this work encourages students to think critically about received economic wisdom. This is the ideal complement to any introductory macroeconomics textbook and is ideally suited for undergraduate students who have completed a principles of economics course. The book is fully supported with additional online resources which include lecture slides and an instructor manual. | Rethinking Macroeconomics A History of Economic Thought Perspective

GBP 44.99
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Reconstructing Keynesian Macroeconomics Volume 3 Macroeconomic Activity Banking and Financial Markets

Reconstructing Keynesian Macroeconomics Volume 3 Macroeconomic Activity Banking and Financial Markets

This book represents the third of three volumes offering a complete reinterpretation and restructuring of Keynesian macroeconomics and a detailed investigation of the disequilibrium adjustment processes characterizing the financial the goods and the labour markets and their interaction. This book offers a full treatment of the interlinkages between the real and the financial markets including an analysis of banking credit and endogenous money and asset markets. It remains critical of quite frequently used conventional macro models that have dropped the tradition of studying the macroeconomic feedback channels well-known in the history of macroeconomics. Those feedback mechanisms are known to have the potential for instabilities with respect to real markets price dynamics and financial markets. In this volume a particular emphasis is given to the financial-real interaction. The research in this book with its focus on Keynesian propagation mechanisms provides a unique alternative to the black-box shock-absorber approaches that dominate modern macroeconomics. The main conclusion of the work is that policy makers need to reconsider Keynesian ideas but in the modern form in which they are expressed in this volume. Reconstructing Keynesian Macroeconomics will be of interest to students and researchers who want to look at alternatives to the mainstream macrodynamics that emerged from the Monetarist critique of Keynesianism. This book will also engage central bankers and macroeconomic policy makers. | Reconstructing Keynesian Macroeconomics Volume 3 Macroeconomic Activity Banking and Financial Markets

GBP 39.99
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Practical Macroeconomics for Non-Economists A Question-and-Answer Approach

Practical Macroeconomics for Non-Economists A Question-and-Answer Approach

Practical Macroeconomics for Non-Economists provides the tools the theory and the empirical understanding of macroeconomics without the heavy lifting of the mathematical and econometric models. This accessible book introduces the building blocks of macroeconomic thinking and challenges the reader to apply these insights to learn why economists say what they do and what guides economic policymakers. Linking actual data to theoretical concepts it explores competing economic theories and uncovers some of the key controversies in macroeconomic theory and how different perspectives lead to alternative and vastly different policy recommendations. Key features include: • Coverage of all the key macroeconomic topics such as GDP inflation unemployment output and productivity business cycles aggregate demand/supply and fiscal and monetary policy. • Question-and-answer format covering the foundations of each topic in a logical progression to provide the reader with a quick reference and more focused discussion. • Advanced questions to encourage deeper discussion. • Start-of-chapter learning objectives which allow the reader to see the road ahead for each section. • End-of-chapter Issues to think about boxed features which offer the reader an opportunity to apply critical thinking to the issues covered. • Resource manual and PowerPoints for instructors. Practical Macroeconomics for Non-Economists is the ideal textbook for anyone looking for a practical and non-technical introduction to the subject. | Practical Macroeconomics for Non-Economists A Question-and-Answer Approach

GBP 49.99
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Modern Monetary Theory and European Macroeconomics

Modern Monetary Theory and European Macroeconomics

This book provides a new methodological approach to money and macroeconomics. Realizing that the abstract equilibrium models lacked descriptions of fundamental issues of a modern monetary economy the focus of this book lies on the (stylized) balance sheets of the main actors. Money after all is born on the balance sheets of the central bank or commercial bank. While households and firms hold accounts at banks with deposits banks hold an account at the central bank where deposits are called reserves. The book aims to explain how the two monetary circuits – central bank deposits and bank deposits – are intertwined. It is also shown how government spending injects money into the economy. Modern Monetary Theory and European Macroeconomics covers both the general case and then the Eurozone specifically. A very simple macroeconomic model follows which explains the major accounting identities of macroeconomics. Using this new methodology the Eurozone crisis is examined from a fresh perspective. It turns out that not government debt but the stagnation of private sector debt was the major economic problem and that cuts in government spending worsened the economic situation. The concluding chapters discuss what a solution to the current problems of the Eurozone must look like with scenarios that examine a future with and without a euro. This book provides a detailed balance sheet view of monetary and fiscal operations with a focus on the Eurozone economy. Students policy-makers and financial market actors will learn to assess the institutional processes that underpin a modern monetary economy in times of boom and in times of bust.

GBP 42.99
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Money Banking and Financial Markets A Modern Introduction to Macroeconomics

Money Banking and Financial Markets A Modern Introduction to Macroeconomics

This innovative text offers an introduction to money banking and financial markets with a special emphasis on the importance of confidence and trust in the macroeconomic system. It also presents the theory of endogenous money creation in contrast to the standard money multiplier and fractional reserve explanation found in other textbooks. The U. S. economy and financial institutions are used to explain the theoretical and practical framework with international examples weaved in throughout the text. It covers key topics including monetary policy fiscal policy accounting principles credit creation central banks and government treasuries. Additionally the book considers the international economy including exchange rates the Eurozone Chinese monetary policy and reserve currencies. Taking a broad look at the financial system it also looks at banking regulation cryptocurrencies real estate and the oil and gold commodity markets. Students are supported with chapter objectives key terms and problems. A test bank is available for instructors. This is an accessible introductory textbook for courses on money and banking macroeconomics monetary policy and financial markets. | Money Banking and Financial Markets A Modern Introduction to Macroeconomics

GBP 52.99
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The Importance of Money Essays in Domestic Macroeconomics 1949-1999

The Importance of Money Essays in Domestic Macroeconomics 1949-1999

This title was first published in 2001. A collection of essays written by H. W. Arndt over a 50 year period that cover a broad range of his work from analytical issues in monetary and fiscal theory to political economy. The earlier essays should appeal to those interested in the history of economic thought whilst the more recent essays deal with issues such as economic globalization. | The Importance of Money Essays in Domestic Macroeconomics 1949-1999

GBP 36.99
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Macroeconomic Principles and Problems A Pluralist Introduction

Macroeconomic Principles and Problems A Pluralist Introduction

Macroeconomic Principles and Problems: A Pluralist Introduction offers a comprehensive overview of the major topics in modern macroeconomics from mainstream and heterodox perspectives. This textbook examines the key macroeconomic problems and policy debates facing contemporary society including economic crises sustainability fiscal and monetary policy government debt state-led vs. market-led approaches for growth and unregulated trade vs. protectionism. Written in an engaging style and focused on real-world examples this textbook brings macroeconomics to life. Multiple examples of how each economic model works coupled with critical analysis of the assumptions behind them enable students to develop a sophisticated understanding of the material. Digital supplements are also available for students and instructors. Macroeconomic Principles and Problems offers the most contemporary and complete package for any pluralist macroeconomics principles class. | Macroeconomic Principles and Problems A Pluralist Introduction

GBP 66.99
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Macroeconomic Policies for Emerging and Developing Economies

Macroeconomic Policies for Emerging and Developing Economies

This book examines the relevance of the concepts and hypotheses of macroeconomics in the contemporary world. It discusses the current debates on theory and practices of macroeconomic policies with a focus on developing economies emerging from the impact of Covid-19 pandemic. The volume advocates for a symbiotic relationship between macroeconomic policies and development strategies. It analyses several issues related to macroeconomic tools which include openness capital flows exchange rate and financial strategies. It underscores the need to design a development strategy that accounts for the economic context of the countries concerned. Further the book advocates for well-regulated macrofinancial policies promoting sustainable growth. It also provides recommendations to policy makers on formulating a sound and inclusive macroeconomic policy essential for financial stability. This book will be of interest to students and researchers of macroeconomics public administration development studies management and policymaking. It will also be useful to economists policymakers and journalists working on emerging and developing economies. | Macroeconomic Policies for Emerging and Developing Economies

GBP 35.99
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Economic Theory

Economic Theory

The book describes the evolution of economic theory considering historical political and scientific perspectives. It discusses economic concepts and the formation of economics as a discipline since the feudal system passing through the formation of the State until the present. The main economic concepts are presented including microeconomics macroeconomics econometrics privatization taxes tariffs the concept of currencies stock markets international transactions and economic policies. The book contains a complete glossary of economic terms to help the reader.

GBP 99.99
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Macroeconomic Modelling Economic Policy and Methodology Economics at the Edge

Macroeconomic Modelling Economic Policy and Methodology Economics at the Edge

Demonstrating that there are (superior) alternatives to the modern macroeconomic mainstream and its DSGE (dynamic stochastic general equilibrium) models this book presents the cutting edge in macroeconomic modelling economic policy and methodology from the perspective of heterodox economic thinking. The first part of the book explores methodological issues advocating for a stronger ethical consideration in macroeconomics and for the adoption of a strategy of pluralism to ensure that macroeconomic theory is capable of adapting to real-world issues. The second part highlights recent trends in empirical Stock-Flow Consistent models by collecting a group of the most well-developed empirical models of five different economies: the Danish the Dutch the French the Italian and the Argentinian models. In all five cases the models are used to discuss various policy aspects of the individual economies. Finally the book explores issues of macroeconomic policy which are largely neglected by mainstream economists including financial (in)stability and macro imbalances. The book emphasizes the need for investigating sectoral balances which are crucial elements for investigating imbalances from the heterodox perspective. This book will be of significant interest to students and scholars of macroeconomics economic modelling economic methodology and heterodox economics more broadly. | Macroeconomic Modelling Economic Policy and Methodology Economics at the Edge

GBP 120.00
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Conflict Demand and Economic Development Essays in Honour of Amit Bhaduri

Conflict Demand and Economic Development Essays in Honour of Amit Bhaduri

This book presents a comprehensive overview of three key areas: heterodox macroeconomics development economics and classical political economy. It offers an alternative macroeconomic framework to analyse policies with an emphasis on issues of equity and justice. With contributions by leading economists from across the world it examines the growth and distribution of income; trade and finance in developing countries; classical political economy and Marxist theory; dualism in the US economy; economic crisis; and agrarian economy in poor countries. It explores themes such as the effect of an exogenous shock to wage share; Harrodian instability and Steindlian solutions; economics and politics of social democracy; the role of power in the macroeconomy; economic development through the promotion of domestic value chains; and reflections on primitive accumulation. Going beyond the neo-classical tradition the volume opens up a new vista of economics by discussing unexplored questions. It provides a refreshing treatment of time-tested ideas as well as discussions of recent developments and current research. A major intervention in heterodox macroeconomics and a tribute to macroeconomist Amit Bhaduri this book will be useful to scholars and researchers of economics political economy development studies sociology political science public administration economic theory economic history economic geography and critical studies as well as professionals economists and policymakers. | Conflict Demand and Economic Development Essays in Honour of Amit Bhaduri

GBP 38.99
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Expectations and the Foreign Exchange Market

Expectations and the Foreign Exchange Market

Originally published in 1984. This book examines two important dimensions of efficiency in the foreign exchange market using econometric techniques. It responds to the macroeconomics trend to re-examining the theories of exchange rate determination following the erratic behaviour of exchange rates in the late 1970s. In particular the text looks at the relation between spot and forward exchange rates and the term structure of the forward premium both of which require a joint test of market efficiency and the equilibrium model. Approaches used are the regression of spot rates on lagged forward rates and an explicit time series analysis of the spot and forward rates using data from Canada the United Kingdom the Netherlands Switzerland and Germany. | Expectations and the Foreign Exchange Market

GBP 24.99
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Maximum Government Maximum Governance Reframing India’s Macroeconomic Discourse

Maximum Government Maximum Governance Reframing India’s Macroeconomic Discourse

Austerity fiscal consolidation fiscal discipline and fiscal deficit targets have become the buzzwords of contemporary macroeconomic policy. By tracing the history of macroeconomic schools of thought Maximum Government Maximum Governance explores the origins essence shortcomings and deception of mainstream neoliberal macroeconomics. Arguing that economies are financially constrained neoliberal macro­economics dislodged full employment as the target of policy replacing it with a low and stable inflation target. Monetary policy under the control of an independent central bank became the primary instrument to assist free and globalized markets to propel economies towards full employment. How­ever the global financial crisis of 2008 and rising inequalities of income and wealth in the last decade within and across economies has led to rise of nationalist-populist leaders in many parts of the world. Although neoliberal economics has been put under the scanner by these leaders their actions seem reactionary and without a coherent understanding of alternative schools of economic thought. An alternative based on sound economic reasoning and institutional realities is required to challenge neoliberal and arbitrary populist policies. Based on an introductory analysis of Modern Money Theory (MMT) this book seeks to present an alternative viewpoint on macroeconomics and macroeconomic policy to address the challenges of economic growth un­employment and inequality. While adherents of MMT are convinced of its robustness the challenge is to reframe macroeconomic discourse which must essentially reject the notion that an economy is financially constrained and instead turn the spotlight on real resource and governance constraints. Please note: Taylor & Francis does not sell or distribute the Hardback in India Pakistan Nepal Bhutan Bangladesh and Sri Lanka | Maximum Government Maximum Governance Reframing India’s Macroeconomic Discourse

GBP 130.00
1

Macroeconomic Policy for Emerging Markets Lessons from Thailand

Macroeconomic Policy for Emerging Markets Lessons from Thailand

Macroeconomic policies matter for sustainable long-term growth. With global fluctuations deviation from a stable growth path can be minimized by countercyclical macro policies if properly implemented. This book examines Thailand’s 55 years of experience in macroeconomic management and provides valuable lessons for other emerging economies at various stages of development on what could have been done to avoid economic instability. It also examines how short-term complications can develop into perennial problems obstructing the process of economic development. The book provides an alternative approach to the study of economic growth through the inclusion of both economic history and institutional context appealing to academics and economists who focus on economic growth economic development international macroeconomics public policy study business cycles and the open-market economy. | Macroeconomic Policy for Emerging Markets Lessons from Thailand

GBP 38.99
1

Macroeconomic Planning

Macroeconomic Planning

This volume originally published in 1979 examines systematically the nature of control in both capitalist and socialist economies develops a theoretical and applied framework which can embrace both macroeconomics and plannng and demonstates the essential unity of all forms of macroeconomic planning by the consistent application of basic economic principles. Firstly the authors establish why societies feel a need for government control and examine the mechanisms by which such social decisions are reached. Next they examine the nature of economic data the modelling of economic systems nad a review of practical policy goals and instruments. The book then reviews the basic theory of optimisation and elaborates it in the context of planning for growth for stabilisation and under uncertainty. It closes with an analysis of practical planning based on French and Soviet experience.

GBP 35.99
1

Crisis Spaces Structures Struggles and Solidarity in Southern Europe

Crisis Spaces Structures Struggles and Solidarity in Southern Europe

The financial malaise that has affected the Eurozone countries of southern Europe – Spain Portugal Italy and in its most extreme case Greece – has been analysed using mainly macroeconomic and financial explanations. This book shifts the emphasis from macroeconomics to the relationship between uneven geographical development financialisation and politics. It deconstructs the myth that debt both public and private in Southern Europe is the sole outcome of the spendthrift ways of Greece Spain Italy and Portugal offering a fresh perspective on the material social and ideological parameters of the economic crisis and the spaces where it unfolded. Featuring a range of case examples that complement and expand the main discussion Crisis Spaces will appeal to students and scholars of human geography economics regional development political science cultural studies and social movements studies. | Crisis Spaces Structures Struggles and Solidarity in Southern Europe

GBP 38.99
1

Principles of Economics in Context

Principles of Economics in Context

The study of economics should not be highly abstract but closely related to real-world events. Principles of Economics in Context addresses this challenge laying out the principles of micro-and macroeconomics in a manner that is thorough up to date and relevant to students keeping theoretical exposition close to experience. Emphasizing writing that is compelling clear and attractive to students it addresses such critical concerns as ecological sustainability distributional equity the quality of employment and the adequacy of living standards. Key features include: Clear explanation of basic concepts and analytical tools with Discussion Questions at the end of each section encouraging immediate review of what has been read and relating the material to the students’ own experience; Full complement of instructor and student support materials online including test banks and grading through Canvas; Key terms highlighted in boldface throughout the text and important ideas and definitions set off from the main text; A glossary at the end of the book containing all key terms their definitions and the number of the chapter(s) in which each was first used and defined. Updates for the second edition include: Expanded coverage of topics including inequality financialization and debt issues the changing nature of jobs and sustainable development; New material on wage discrimination by race and gender; an expanded section on labor markets and immigration; Updated discussion of fiscal policy to include more recent developments such as the Trump tax cuts; New material on behavioral economics public goods and climate change policy; a new section on “The Economics of Renewable Energy. ” This new affordable edition combines the just-released new editions of Microeconomics in Context and Macroeconomics in Context to provide an integrated full-year text covering all aspects of both micro-and macro-analysis and application with many up-to-date examples and extensive supporting Web resources for instructors and students. The companion website can be found at: http://www. bu. edu/eci/education-materials/textbooks/principles-of-economics-in-context/

GBP 110.00
1

The Theory of Business Enterprise

The Theory of Business Enterprise

Veblen has been claimed and rejected both by sociologists and economists as being one of theirs. He enriched and attacked both disciplines as he did so many others: philosophy history social psychology politics and linguistics. Because he took all knowledge as necessary and relevant to adequate understanding Veblen was a holistic analyst of the social process. First published in 1904 this classic analysis of the U. S. economy has enduring value today. In it Veblen posited a theory of business fluctuations and economic growth which included chronic depression and inflation. He predicted the socioeconomic changes that would occur as a result: militarism imperialism fascism consumerism and the development of the mass media as well as the corporate bureaucracy. Douglas Dowd's introduction places the volume within the traditions of both macroeconomics and microeconomics tracing Veblen's place among social thinkers and the place of this volume in the body of his work. | The Theory of Business Enterprise

GBP 130.00
1

International Financial Markets Volume 1

International Financial Markets Volume 1

This book provides an up-to-date series of advanced chapters on applied financial econometric techniques pertaining the various fields of commodities finance mathematics & stochastics international macroeconomics and financial econometrics. International Financial Markets: Volume I provides a key repository on the current state of knowledge the latest debates and recent literature on international financial markets. Against the background of the financialization of commodities since the 2008 sub-primes crisis section one contains recent contributions on commodity and financial markets pushing the frontiers of applied econometrics techniques. The second section is devoted to exchange rate and current account dynamics in an environment characterized by large global imbalances. Part three examines the latest research in the field of meta-analysis in economics and finance. This book will be useful to students and researchers in applied econometrics; academics and students seeking convenient access to an unfamiliar area. It will also be of great interest established researchers seeking a single repository on the current state of knowledge current debates and relevant literature. | International Financial Markets Volume 1

GBP 39.99
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Handbook of Empirical Economics and Finance

Handbook of Empirical Economics and Finance

Handbook of Empirical Economics and Finance explores the latest developments in the analysis and modeling of economic and financial data. Well-recognized econometric experts discuss the rapidly growing research in economics and finance and offer insight on the future direction of these fields. Focusing on micro models the first group of chapters describes the statistical issues involved in the analysis of econometric models with cross-sectional data often arising in microeconomics. The book then illustrates time series models that are extensively used in empirical macroeconomics and finance. The last set of chapters explores the types of panel data and spatial models that are becoming increasingly significant in analyzing complex economic behavior and policy evaluations. This handbook brings together both background material and new methodological and applied results that are extremely important to the current and future frontiers in empirical economics and finance. It emphasizes inferential issues that transpire in the analysis of cross-sectional time series and panel data-based empirical models in economics finance and related disciplines.

GBP 69.99
1

Principles of Economics in a Nutshell

Principles of Economics in a Nutshell

Principles of Economics in a Nutshell provides a succinct overview of contemporary economic theory. This key text introduces economics as a social science presenting the discipline as an evolving field shaped within historical context rather than a fixed set of ideas. Chapters on microeconomics introduce concepts of scarcity and tradeoffs market analysis (the Marshallian cross of supply and demand) and the theory of the firm and market structure. Chapters on macroeconomics begin with an explanation of national income accounting followed by discussions of macroeconomic theory in the goods market and in the money market from both a Keynesian and Classical view. The text concludes with examples of how to expand upon core material introducing the perspectives of feminist and ecological economics. This book will be of great importance to students new to economics and is ideal for use on single-semester Principles courses or as a primer on economics courses in other settings. The text is fully supported by online resources which include a set of analytical questions and suggestions for further reading for each chapter.

GBP 34.99
1

The Economics of Banking

The Economics of Banking

The Economics of Banking provides an accessible overview of banking theory and practice. It introduces readers to the building blocks of fundamental theories and provides guidance on state-of-the-art research reflecting the dramatic changes in the banking industry and banking research over the past two decades. This textbook explores market failure and financial frictions that motivate the role of financial intermediaries explains the microeconomic incentives and behavior of participants in banking examines microlevel market stress caused by economic recessions and financial crises and looks at the role of monetary authorities and banking regulators to reduce systemic fragility as well as to improve macroeconomic stability. It delivers broad coverage of both the micro and macroeconomics of banking central banking and banking regulation striking a fine balance between rigorous theoretical foundations sound empirical evidence for banking theories at work and practical knowledge for banking and policymaking in the real world. The Economics of Banking is suitable for advanced undergraduate master’s or early PhD students of economics and finance and will also be valuable reading for bankers and banking regulators.

GBP 56.99
1