How financial institutions work, connect, and fail! This serious, authoritative book thoroughly explains the modern global credit system, its instruments, and key participants’ roles. Learn why liquidity failures have been pivotal in all recent market crashes, discover potential pathways for today’s crises, and gain critical insight for investing or decision-making.

Chapter 1 Transaction Cost Economics Firms, markets, and relational contracting are important economic institutions. They are also the evolutionary product of a fascinating series of organizational innovations. The study of the economic institutions of capitalism has not, however, occupied a position of importance on the social science research agenda. Partly this neglect is ex...(展开全部)

Continuing his groundbreaking analysis of economic structures, Douglass North develops an analytical framework for explaining the ways in which institutions and institutional change affect the performance of economies, both at a given time and over time. Institutions exist, he argues, due to the uncertainties involved in human interaction; they are the constraints devised to st...(展开全部)

In Financial Markets and Institutions, best-selling authors Mishkin and Eakins provide a practical introduction to prepare students for today's changing landscape of financial markets and institutions. A unifying framework uses a few core principles to organize students' thinking then examines the models as real-world scenarios from a practitioner's perspective. By analyzing th...(展开全部)

"There is no question more important for the global economy than China and no closer student of Chinese economic policy than Nick Lardy. It follows that this book should be read by anyone concerned with the future of the global economy." —Lawrence H. Summers, former Director of the White House National Economic Council and Charles W. Eliot University Professor at Harvard Unive...(展开全部)

Analyze key indicators more accurately to make smarter market moves The Economic Indicator Handbook helps investors more easily evaluate economic trends, to better inform investment decision making and other key strategic financial planning. Written by a Bloomberg Senior Economist, this book presents a visual distillation of the indicators every investor should follow, with cle...(展开全部)

The Leaderless Economy reveals why international financial cooperation is the only solution to today's global economic crisis. In this timely and important book, Peter Temin and David Vines argue that our current predicament is a catastrophe rivaled only by the Great Depression. Taking an in-depth look at the history of both, they explain what went wrong and why, and demonstrat...(展开全部)

Since his pioneering Since his pioneering application of economic analysis to racial discrimination, Gary S. Becker has shown that an economic approach can provide a unified framework for understanding all human behavior. In a highly readable selection of essays Becker applies this approach to various aspects of human activity, including social interactions; crime and punishmen...(展开全部)

This second edition assesses some of the major refinements, extensions, and useful applications that have developed in neoinstitutionalist thought in recent years. More attention is given to the overlap between the New Institutional Economics and developments in economic history and political science. In addition to updated references, new material includes analysis of parallel...(展开全部)