Asset Prices, Booms and Recessions: Financial Economics from a Dynamic Perspective

The financial market melt-down of the years 2007-2009 has posed great challenges for studies on financial economics. This financial economics text focuses on the dynamic interaction of financial markets and economic activity. The financial market to be studied here encompasses the money and bond market, credit market, sk market and foreign exchange market; economic activity includes the actions and interactions of firms, banks, households, governments and countries. The book shows how econo...