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Description
Macroeconomics: Institutions Instability & the Financial SysteCondition: BRAND NEW ISBN: 9780199655793 Year: 2014 Publisher: Oxford University Press UK Pages: 672 Description: This authoritative new textbook integrates the modern monetary framework, based on the 3 equation model of the demand side, the supply side and the policy maker, with a model of the financial system. As a result, the authors comprehensively address the limitations of the mainstream macroeconomic model exposed by the financial crisis and
Condition: BRAND NEWISBN: 9780199655793
Year: 2014
Publisher: Oxford University Press UK
Pages: 672
Description:
This authoritative new textbook integrates the modern monetary framework, based on the 3-equation model of the demand side, the supply side and the policy maker, with a model of the financial system. As a result, the authors comprehensively address the limitations of the mainstream macroeconomic model exposed by the financial crisis and the Eurozone crisis.The book guides the reader through the three principal steps required to integrate the
financial system within the macroeconomic model.Firstly, the authors examine how the margin of the lending rate over the policy rate is set in the commercial banking sector, how
money is created in a modern banking system and how the central bank can take account of the working of the banking system in order to achieve its desired policy outcome.Secondly, the authors explore the characteristics of the financial system that result in vulnerability to a financial crisis, with implications for fiscal balance. The economy depends on the continuity of core banking services and governments cannot afford to let them fail. This means that important banks
do not bear the full cost of their lending decisions. As a result, they may have an incentive to take on excessive risk.Thirdly, a simple model is developed of the behaviour of
highly-leveraged financial institutions as the basis for a leverage or financial cycle in the economy.In addition, the book extends the 3-equation model to the open economy and uses a simple 2-bloc version of the 3-equation model to introduce global imbalances. The case of a common currency area is handled within the core model - both at the Eurozone level and at the level of member
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4.1 ★★★★★
Based on 16 reviews
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Product Reviews
★★★★★ 1
Squeaker inside toy breaks after 2 days
Size: Mini, Color: Gator (Pink)
Bought for my 8 lb chihuahua for Christmas. I have 3 little girls. The youngest loves her toys and of course she took this one over immediately. She just loved everything about it. The material on the gator is amazingly durable and I believe would hold up for a good while. The squeaker inside the toy however, broke after 2 days of my girl playing with it. It's now a noiseless toy that she does not like too much as it does not squeak because it only had the one squeaker in it.
I would recommend that 2 squeakers be inserted into this gator. I would not purchase again due to the longevity of the squeaker...only lasted 2 days.
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Reviewed in the United States on January 5, 2026
★★★★★ 5
Go dog toys are the best!
Size: Large, Color: Dinos Frills (Pink)
These are the only stuffed toys I buy for my Pittie because they are so well made. Even when she unstuffs them, she plays with them forever!
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Reviewed in the United States on May 16, 2026
★★★★★ 5
Excellent toy for smaller breed puppies
Color: Blue
My 10 week old Cavalier King Charles Spaniel puppy is obsessed with this toy. It is great for teething, tug, fetch. Pup can’t get enough of it and it is small enough for his mouth to play pretty aggressively and carry, soft enough for his teeth and a nice length of rope. It IS less tough than other Kong brand toys so I imagine it probably isn’t a great option for bigger or tougher breed puppies. But it’s a rare and wonderful find for the smaller breeds. After realizing how enamored my pup is with it, I ordered more of them.
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Reviewed in the United States on January 1, 2023
★★★★★ 5
perfect for tiny breeds!
Color: Blue
this toy is the perfect size for my mini dauchshund mix puppy. I looked in several pet stores for a tug of war rope for something for my little two pound pup that wasn't my socks for him to tug on. so many rope toys are aimed for large breeds, and were larger than my dog himself
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Reviewed in the United States on June 10, 2026
★★★★★ 5
MINPIN LOVES HIS NEW TOY!!!
Color: Blue
My minpin LOVES this toy! Very small just the perfect size for tiny dogs!!!! Durable!!!!
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Reviewed in the United States on June 8, 2026