Banks and Finance in Modern Macroeconomics: A Historical Perspective

Banks and Finance in Modern Macroeconomics: A Historical Perspective
ISBN-10
178643153X
ISBN-13
9781786431530
Category
Banks and banking
Pages
296
Language
English
Published
2019
Publisher
Edward Elgar Publishing
Authors
Bruna Ingrao, Claudio Sardoni

Description

The world financial crisis of 2007–2008 dramatically showed the importance of credit and financial relations for the efficient working of the economy. For a long time mainstream macroeconomics ignored these aspects and concentrated only on the real sector or just took into account the most elementary picture of the financial side of the economy. This book aims at explaining why this happened through an historical excursion of 20th century mainstream macroeconomic theory.

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