The recession which many countries experienced in the early 1990s had certain unusual aspects. Most notably, and common to all countries, was the behaviour of asset prices relative to the general price level. In consequence, reasons were sought to explain the special characteristics of the recession and as a result of the behaviour of asset prices attention turned to 'Debt-Deflation Theories' associated in different forms with Keynes and Irving Fisher. The contributors to this volume discuss the significance of debt deflation. Their striking common feature is that, on the evidence presented here, the behaviour of asset prices should not be of great concern to policy makers, or to those attempting to understand economic behaviour. However, residual doubts remain over the Japanese case.

Product Description: This set draws together rare material from 1870-1930 and ranges from monetary economics to straight banking theory. English banking theory changed little after a learning process in the first half of the nineteenth century. Some of the banks grew to be the biggest in the world and a banking system evolved that was probably the most stable in the world...read more (view table of contents, read Amazon.com's description)

Product Description: Depression and Protectionism considers the case of the oldest advocate of free trade and its greatest exponent, Britain, and examines the developments that led to the reversal of that policy in the 1930s. It also discusses the consequences of the protectionst policy for the domestic economy...read more

(view table of contents)

Product Description: This directory provides a comprehensive international coverage of institutions involved in economic research, policy debate and dissemination of ideas. It is also a guide to researchers and users on the whole range of work going on in a vast number of institutions...read more

(view table of contents)

This edition brings together the most important English language tracts and pamphlets and other material on the origins and development of private banking, joint stock banking, central banking and other important related questions.

Product Description: This volume contains the first eight lectures delivered in honour of Henry Thornton the economist, at City University, London. Seven of the lectures are by monetary economists and one is by a Governer of the Bank of England. There is a discussion of exchange rate behaviour and its implications for the international monetary system and a consideration of the changes in macroeconomics...read more

(view table of contents)

Product Description: This volume is the second collection of the series of lectures, held annually at City University, London, in honour of Henry Thornton, the renowned 19th Century monetary economist. As with Monetary Economics in the 1980s (0-333-46220-3), the essays by extremely eminent contributors are wide-ranging in both subject and approach but all develop topics considered by Henry Thornton over a century ago and link historical perspectives to contemporary debates about financial institutions and monetary economics...read more

This book  is the culmination of a major research programme on the monetary history of the United Kingdom. This volume contains monetary series ranging from detailed balance sheet material to monetary aggregates such as M3 and are in monthly, quarterly and annual form. The data are drawn mostly from primary sources in the early part of the period and from more accessible published sources for more recent years. Critiques of existing series are given and assessments of the value of different sources are provided. The user should be able to build his/her own series from the basic constituents given here. This sources and assessment of data should be an essential reference to economic historians and applied economists with an interest and use to the students of money and banking and to monetary economists of other countries. This classic book was first published in 1985.

(view table of contents)

(view table of contents)

Product Description: Using historical examples, this book attempts to demonstrate that unregulated banking can be successful and that central banks' beneficial contribution has been greatly exaggerated. Topics covered include a description of the experiment with free banking during the French Revolution...read more