Money in the Great Recession

Edited by Tim Congdon

in Books from Edward Elgar Publishing

Abstract: No issue is more fundamental in contemporary macroeconomics than 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. But 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. The book’s argument echoes that on the causes of the Great Depression made by Friedman and Schwartz in their classic book A Monetary History of the United States.

Keywords: Economics and Finance (search for similar items in EconPapers)
Date: 2017
ISBN: 9781784717827
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Chapters in this book:

Ch 1 What were the causes of the Great Recession? The mainstream approach vs. the monetary interpretation , pp 27-56

Tim Congdon

Ch 2 The debate over “quantitative easing†in the UK’s Great Recession and afterwards , pp 57-77

Tim Congdon

Ch 3 UK broad money growth and nominal spending during the Great Recession: an analysis of the money creation process and the role of money demand , pp 78-100

Ryland Thomas

Ch 4 Have central banks forgotten about money? The case of the European Central Bank, 1999–2014 , pp 101-130

Juan E. Castañeda and Tim Congdon

Ch 5 The impact of the New Regulatory Wisdom on banking, credit and money: good or bad? , pp 137-154

Adam Ridley

Ch 6 Why has monetary policy not worked as expected? Some interactions between financial regulation, credit and money , pp 155-163

Charles Goodhart

Ch 7 The Basel rules and the banking system: an American perspective , pp 164-178

Steve Hanke

Ch 8 Monetary policy, asset prices and financial institutions , pp 185-207

Philip Booth

Ch 9 How would Keynes have analysed the Great Recession of 2008 and 2009? , pp 208-232

Robert Skidelsky

Ch 10 Why Friedman and Schwartz’s interpretation of the Great Depression still matters: reassessing the thesis of their 1963 Monetary History , pp 233-258

David Laidler

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Persistent link: https://EconPapers.repec.org/RePEc:elg:eebook:16533

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