Franklin

Stability in international finance : applications of price disequilibrium theory / Frederick Betz.

Author/Creator:
Betz, Frederick, 1937- author.
Publication:
Cham : Springer, [2016] , ©2016
Series:
SpringerBriefs in economics.
SpringerBriefs in Economics, 2191-5504
Format/Description:
Book
xi, 181 pages : illustrations ; 24 cm
Subjects:
Equilibrium (Economics)
International finance.
Banks and banking.
International economic relations.
Finanzkrise
Spekulationsblase
Haushaltskonsolidierung
Kapitalmobilität
Internationaler Finanzmarkt
Gleichgewichtstheorie
Griechenland
Niederlande
Grossbritannien
Welt
Summary:
This book aims to explore stability in an international financial system using disequilibrium theory. It examines historical cases of both instability and stability and reviews price-disequilibrium theory to construct a theoretical model for a stable international financial system. In the modern knowledge economy in a global world, financial socio-technical systems still continue to be central to global commerce. Moreover, technological advances in computer and communications have changed both the knowledge economy and the financial system. While globalization and technology have made international finance more powerful and important to knowledge economies, they have also increased the volatility, instability, and fraudulent use of international finance. The international world has not experienced a long-term, stable financial system after 1913. International financial systems have been periodically unstable, triggering financial crises and resultant economic depressions in different nations. Yet the global economy cannot develop properly without a stable international system, which distributes wealth to economically productive activities. How then can a stable and modern international-financial-system be constructed? In this provocative volume, the author applies the cross-disciplinary analysis of societal dynamics to important economic writers to derive a new approach to the problem of stabilizing international financial systems.
Contents:
Price Disequilibrium Theory
International Grid of Capital Flows: Innovation, Crisis, and Off-shore Banking
Dynamics of Government Fiscal Instability
Public and Private Debt Markets in Disequilibrium Theory
Why 'Austerity' Failed In Greece: Testing The Validity of Economic Models
Financial Hegemony: Dutch Republic
Financial Hegemony: British Empire
Design of An International Central Bank
Gaming The System
Riding The Bubble.
Notes:
Includes bibliographical references.
ISBN:
3319267582
9783319267586
9783319267609
OCLC:
925497725
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