Financial Instability and Economic Security after the Great Recession

Financial Instability and Economic Security after the Great Recession

Edited by Charles J. Whalen

This timely book rethinks economic theory and policy by addressing the problem of economic instability and the need to secure broadly shared prosperity. It stresses that advancing economics in the wake of the Great Recession requires an evolutionary standpoint, greater attention to uncertainty and expectations, and the integration of finance into macroeconomics. The result is a broader array of policy options – and challenges – than conventional economics presents.

Chapter 7: Regulating for stability: bank capitalization and the emergence of an international lender of last resort

Jan Toporowski

Subjects: economics and finance, financial economics and regulation, institutional economics, post-keynesian economics


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