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

Format:

Book

Author/Creator:

Betz, Frederick, 1937- author.

Series:

SpringerBriefs in economics

SpringerBriefs in Economics, 2191-5504

Language:

English

Subjects (All):

Equilibrium (Economics).

International finance.

Banks and banking.

International economic relations.

Physical Description:

xi, 181 pages : illustrations ; 24 cm.

Place of Publication:

Cham : Springer, [2016]

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

OCLC:

925497725