Robert Flood and Peter Garber confess to a "fixation on understanding extreme events" such as speculative bubbles, currency reforms, and speculative attacks on fixed exchange rate regimes and metallic monetary standards -- all markers of economic change. This book brings together their research in these areas during the 1980s and early 1990s, highlighting in particular the close relation of their work on bubbles to that of policy switching, or understanding the impact of prospective and past policy changes on individual economic behavior.Among the earliest contributors to the policy switching literature, Flood and Garber note that policy switching has become popular because the approach permits economists to come to grips with peculiar behavior that surrounds crises and other discrete events. The approach has also allowed economists to combine their understanding of economic behavior in times of crisis with observations of behavior during more normal times.The papers in the book are grouped into three sections: the first on price bubbles is primarily financial; the second on speculative attacks (on exchange rate regimes) is international in scope; and the third, on policy switching, is concerned with monetary policy.
| |||||||||||||||
Book Description
Editorial Reviews
About the Author
Peter M. Garber is Global Strategist at Global Markets Research of Deutsche Bank.
Product Details
Would you like to update product info or give feedback on images?
|
More About the Author
Discover books, learn about writers, read author blogs, and more.
Customer Reviews
|
There are no customer reviews yet.
|
|||
|
Video reviews
|
Inside This Book
(learn more)
Browse Sample Pages:
Front Cover | Table of Contents | First Pages | Index | Back Cover | Surprise Me!
Front Cover | Table of Contents | First Pages | Index | Back Cover | Surprise Me!
Citations (learn more)
16
books
cite this book:
See all 16 books citing this book
- Emerging Capital Markets in Turmoil: Bad Luck or Bad Policy? by Guillermo A. Calvo on page 352, and page 429
- Manias, Panics, and Crashes: A History of Financial Crises (Wiley Investment Classics) by Charles P. Kindleberger in Back Matter (1), and Back Matter (2)
- International Finance and Open-Economy Macroeconomics: Study Edition by Giancarlo Gandolfo on page 274, and page 533
- Financial Market Drift: Decoupling of the Financial Sector from the Real Economy? by Lukas Menkhoff in Back Matter
- Dodging Bullets: Changing U.S. Corporate Capital Structure in the 1980s and 1990s by Robert N. McCauley in Back Matter
See all 16 books citing this book
Tags Customers Associate with This Product(What's this?)Click on a tag to find related items, discussions, and people.
|
Sell a Digital Version of This Book in the Kindle Store
If you are a publisher or author and hold the digital rights to a book, you can sell a digital version of it in our Kindle Store.
Learn more
