Stuart Sayer 
Issues in Finance 
Credit, Crises and Policies

Issues in Finance: Credit, Crises and Policies presents a
collection of surveys on key issues surrounding the relationship
between credit, finance, and the macro-economy that are linked to
the recent global financial crisis.

* Presents a timely collection of surveys that shed light on the
recent financial crisis

* Offers insights for economists in government, business, and
finance

* Shows how the mainstream economics literature was not blind to
the potential problems of the financial framework and its interplay
with the macro-economy

Cuprins

Contributors.

Issues in Finance: Credit, Crises and Policies – An
Overview (Stuart Sayer).

1 Bank Capital Requirements, Business Cycle Fluctuations and the
Basel Accords: A Synthesis (Ines Drumond).

2 The Ten Commandments for Optimizing Value-at-Risk and Daily
Capital Charges (Michael Mc Aleer).

3 The Ten Commandments for Managing Value at Risk Under the
Basel II Accord (Juan-Ángel Jiménez-Martín,
Michael Mc Aleer and Teodosio Peréz-Amaral).

4 Sovereign Insolvency Procedures A Comparative Look at Selected
Proposals (Kathrin Berensmann and Angélique
Herzberg).

5 Collective Action Clauses in International Sovereign Bond
Contracts – Whence the Opposition? (Sonke
Haseler).

6 Collateral and Credit Rationing: A Review of Recent Empirical
Studies as a Guide for Future Research (Tensie Steijvers and Wim
Voordeckers).

7 The Stock Market, Housing and Consumer Spending: A Survey of
the Evidence on Wealth Effects (Monica Paiella).

8 Price-Level Targeting and Stabilisation Policy: A Survey
(Steve Ambler).

Index.

Despre autor

Stuart Sayer is Professor of Economics Education, University of Edinburgh, Executive Director of the Scottish Institute for Research in Economics (SIRE), and Editor of the Journal of Economic Surveys. His research is in macroeconomic and monetary theory and policy, political economy, economic policy-making, and climate change economics.