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Economic Development as Coordination Problems

Kiminori Matsuyama

in The Role of Government in East Asian Economic Development: Comparative Institutional Analysis

Published in print:
1998
Published Online:
January 2007
ISBN:
9780198294917
eISBN:
9780191715501
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780198294917.003.0005
Subject:
Economics and Finance, South and East Asia

This chapter discusses the fundamental difficulty of coordination problems in the context of economic development. It argues that coordination failure arises because no one can know the exact nature ... More


Rethinking the Keynesian Revolution: Keynes, Hayek, and the Wicksell Connection

Tyler Beck Goodspeed

Published in print:
2012
Published Online:
September 2012
ISBN:
9780199846658
eISBN:
9780199950126
Item type:
book
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199846658.001.0001
Subject:
Economics and Finance, Economic Systems

While standard accounts of the theoretical debates in 1930s economic thought invariably pit John Maynard Keynes against Friedrich von Hayek, this reflexive dichotomy is in many respects exceedingly ... More


A Formal Approach: Capital Market Failures

Joseph E. Stiglitz, José Antonio Ocampo, Shari Spiegel, Ricardo Ffrench-Davis, and Deepak Nayyar

in Stability with Growth: Macroeconomics, Liberalization and Development

Published in print:
2006
Published Online:
September 2006
ISBN:
9780199288144
eISBN:
9780191603884
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0199288143.003.0011
Subject:
Economics and Finance, Development, Growth, and Environmental

Underlying the failure of CML was an overly simple model that assumed efficient and complete markets. There are, however, problems with externalities and weak or absent insurance markets, especially ... More


Models for Dynamic Macroeconomics

Fabio-Cesare Bagliano and Giuseppe Bertola

Published in print:
2004
Published Online:
January 2005
ISBN:
9780199266821
eISBN:
9780191601606
Item type:
book
Publisher:
Oxford University Press
DOI:
10.1093/0199266824.001.0001
Subject:
Economics and Finance, Macro- and Monetary Economics

Introduces methodological tools for dynamic analysis of macroeconomic phenomena: consumption and investment choices, employment, and unemployment outcomes, and economic growth. Discrete‐time dynamic ... More


Price Setting in German Manufacturing: Evidence from New Survey Data

Harald Stahl

in Pricing Decisions in the Euro Area: How Firms Set Prices and Why

Published in print:
2007
Published Online:
September 2007
ISBN:
9780195309287
eISBN:
9780199783939
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780195309287.003.0007
Subject:
Economics and Finance, Econometrics

This chapter presents new evidence on the formation of producer prices based on a one-time survey that was conducted on a sample of 1,200 German firms in manufacturing in June 2004. Most of the firms ... More


 Almost Public Monitoring Games

George J. Mailath and Larry Samuelson

in Repeated Games and Reputations: Long-Run Relationships

Published in print:
2006
Published Online:
January 2007
ISBN:
9780195300796
eISBN:
9780199783700
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780195300796.003.0013
Subject:
Economics and Finance, Behavioural Economics

This chapter provides a detailed treatment of work on games with almost-public monitoring. The chapter introduces the key distinction between strategies with bounded and unbounded recall, showing ... More


Reconciling the Two Views

Michael Chui and Prasanna Gai

in Private Sector Involvement and International Financial Crises: An Analytical Perspective

Published in print:
2005
Published Online:
July 2005
ISBN:
9780199267750
eISBN:
9780191602504
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0199267758.003.0005
Subject:
Economics and Finance, Financial Economics

Articulates the basics of global games. Applies the global game arguments of Morris and Shin (1998, 2000) to sovereign liquidity crises and shows how the fundamental and sunspot views of crisis can ... More


The Pricing Behavior of Italian Firms: New Survey Evidence on Price Stickiness

Silvia Fabiani, Angela Gattulli, and Roberto Sabbatini

in Pricing Decisions in the Euro Area: How Firms Set Prices and Why

Published in print:
2007
Published Online:
September 2007
ISBN:
9780195309287
eISBN:
9780199783939
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780195309287.003.0008
Subject:
Economics and Finance, Econometrics

This chapter examines price setting behaviour of Italian firms on the basis of the results of a survey conducted by Banca d'Italia in early 2003 on a sample of around 350 firms belonging to all ... More


Intersectoral Complementarities and Coordination Failures

Pranab Bardhan and Christopher Udry

in Development Microeconomics

Published in print:
1999
Published Online:
November 2003
ISBN:
9780198773719
eISBN:
9780191595929
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0198773714.003.0016
Subject:
Economics and Finance, Development, Growth, and Environmental

This chapter is about models that show how intersectoral complementarities in the economy generate multiple equilibria, highlighting the policy problem of moving away from a ‘low‐level equilibrium ... More


Political Embeddedness in China: Strengths and Limitations

Barbara Krug

in Capitalisms and Capitalism in the Twenty-First Century

Published in print:
2012
Published Online:
September 2012
ISBN:
9780199694761
eISBN:
9780191741289
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199694761.003.0015
Subject:
Business and Management, Organization Studies

This chapter attempts to explain under which circumstances political embeddedness (PE) leads to the emergence of sustainable markets. The question is of more than academic interest: after all, if PE ... More


Population

Pranab Bardhan and Christopher Udry

in Development Microeconomics

Published in print:
1999
Published Online:
November 2003
ISBN:
9780198773719
eISBN:
9780191595929
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0198773714.003.0003
Subject:
Economics and Finance, Development, Growth, and Environmental

The conventional household model of family planning focuses on the trade‐offs that households face between the number of children, investment in the children, and consumption. While the model ... More


Failing the Financial Trilemma

Dirk Schoenmaker

in Governance of International Banking: The Financial Trilemma

Published in print:
2013
Published Online:
May 2013
ISBN:
9780199971596
eISBN:
9780199333318
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199971596.003.0004
Subject:
Economics and Finance, Financial Economics

Chapter 4 provides case studies of some major international bank failures during the Great Financial Crisis. It appears that most of these bank failures, such as those of Lehman and Fortis, follow ... More


Analytics of Financial Fragility of Banks

Assaf Razin

in Understanding Global Crises: An Emerging Paradigm

Published in print:
2015
Published Online:
May 2016
ISBN:
9780262028592
eISBN:
9780262327701
Item type:
chapter
Publisher:
The MIT Press
DOI:
10.7551/mitpress/9780262028592.003.0005
Subject:
Economics and Finance, International

Depository institutions, including banks, investment banks, hedge funds, and so forth, are inherently unstable because they have a mismatch in maturity between the term structure of assets and ... More


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