1st Edition
Global Imbalances and Financial Capitalism Stock-Flow-Consistent Modelling
By Jacques Mazier
Copyright 2020
318 Pages
58 B/W Illustrations
by
Routledge
318 Pages
58 B/W Illustrations
by
Routledge
318 Pages
58 B/W Illustrations
by
Routledge
Also available as eBook on:
The past few decades have witnessed the emergence of economic imbalances at the world level and within the euro zone. The failure of mainstream economics to accurately predict financial crises, or model the effects of finance-led growth, highlights the need for alternative frameworks. A key text, Global Imbalances and Financial Capitalism: Stock-Flow-Consistent Modelling demonstrates that... Read more
Introduction
Part 1 - Finance-led regime and global imbalances: a first glance
Chapter 1 A simple finance-led SFC model
Chapter 2 Exchange rate misalignments and global imbalances
Chapter 3 Global imbalances and macroeconomic adjustments: a three-country SFC model
Part 2 - European challenges
Chapter 4 From the European Monetary System to the single currency trap
Chapter 5 Alternative economic policies in the euro zone
Chapter 6 Alternative exchange rate regimes for the euro zone
Part 3 - Enhancing regional and international monetary stability
Chapter 7 Exploring monetary cooperation in East Asia
Chapter 8 Enhancing the role of the SDR
Conclusion
Part 1 - Finance-led regime and global imbalances: a first glance
Chapter 1 A simple finance-led SFC model
Chapter 2 Exchange rate misalignments and global imbalances
Chapter 3 Global imbalances and macroeconomic adjustments: a three-country SFC model
Part 2 - European challenges
Chapter 4 From the European Monetary System to the single currency trap
Chapter 5 Alternative economic policies in the euro zone
Chapter 6 Alternative exchange rate regimes for the euro zone
Part 3 - Enhancing regional and international monetary stability
Chapter 7 Exploring monetary cooperation in East Asia
Chapter 8 Enhancing the role of the SDR
Conclusion
Biography
Jacques Mazier is Professor Emeritus at the University Sorbonne Paris Nord, CEPN-CNRS, France.
"This is the first book that combines in a systematic way two essential macroeconomic approaches that are essential to our understanding of international macroeconomic imbalances: the well-known Fundamental Equilibrium Exchange Rate (FEER) and the ever-more popular post-Keynesian stock-flow consistent (SFC) approach." - Marc Lavoie, Senior Research Chair, University of Sorbonne Paris Cité, France
