Money in the Great Recession (Record no. 6432)

MARC details
000 -LEADER
fixed length control field 01415nam a2200157Ia 4500
005 - DATE AND TIME OF LATEST TRANSACTION
control field 20250117103822.0
008 - FIXED-LENGTH DATA ELEMENTS--GENERAL INFORMATION
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020 ## - INTERNATIONAL STANDARD BOOK NUMBER
International Standard Book Number 9781784717827
082 ## - DEWEY DECIMAL CLASSIFICATION NUMBER
Classification number 332.4MON
100 ## - MAIN ENTRY--PERSONAL NAME
Personal name edited by Tim Congdon
245 #0 - TITLE STATEMENT
Title Money in the Great Recession
Remainder of title did a crash in money growth cause the global slump?
260 ## - PUBLICATION, DISTRIBUTION, ETC.
Place of publication, distribution, etc. Cheltenham
Name of publisher, distributor, etc. Edward Elgar Publishing
Date of publication, distribution, etc. 2017
500 ## - GENERAL NOTE
General note Includes bibliographical references and index.
520 ## - SUMMARY, ETC.
Summary, etc. No issue is more fundamental in contemporary macroeconomics than identifying the causes of the recent Great Recession. The standard view is that the banks were to blame because they took on too much risk, 'went bust' and had to be bailed out by governments. However very few banks actually had losses in excess of their capital. The counter-argument presented in this stimulating new book is that the Great Recession was in fact caused by a collapse in the rate of change of the quantity of money. This was the result of a mistimed and inappropriate tightening of banks' capital regulations, which had vicious deflationary consequences at just the wrong point in the business cycle. Central bankers and financial regulators made serious mistakes. The book's argument echoes that on the causes of the Great Depression made by Milton Friedman and Anna Schwartz in their classic book A Monetary History of the United States.
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name entry element Money supply.
Holdings
Withdrawn status Lost status Damaged status Not for loan Home library Current library Shelving location Date acquired Total checkouts Full call number Barcode Date last seen Price effective from Koha item type
        UONGOZI Institute Resources Centre - Dodoma UONGOZI Institute Resources Centre - Dodoma Sustainable Development 01/17/2025   332.4MON UR006957 01/31/2025 01/17/2025 Book