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Credit, Investments and the Macroeconomy by Marco Mazzoli

Credit, Investments and the Macroeconomy

by Marco Mazzoli
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Book cover type: Hardcover
  • ISBN13: 9780521584111
  • Binding: Hardcover
  • Subject: N/A
  • Publisher: Cambridge University Press
  • Publisher Imprint: Cambridge University Press
  • Publication Date:
  • Pages: 232
  • Original Price: USD 74.99
  • Language: English
  • Edition: N/A
  • Item Weight: 513 grams
  • BISAC Subject(s): Economics / Macroeconomics

This book relates the literatures of finance, industrial economics and investment to the theoretical framework of the "credit view." First, banks' decisions concerning their assets are seen as at least as relevant as their decisions concerning their liabilities. Second, securities and bank credit are highly imperfect substitutes. The interactions between real and financial sectors are analyzed from the point of view of the industrial firm, in a model where the investment and financial decisions of the firm are taken simultaneously.

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