{"title":"Banking","description":null,"products":[{"product_id":"ch_01-06-25_pha_h00000j2","title":"The Credit-Anstalt Crisis of 1931 (Studies in Macroeconomic History)","description":"\u003cp\u003eAustria played a prominent role in the worldwide events of 1931 as the largest bank in Central and Eastern Europe, the Viennese Credit-Anstalt, collapsed and led Europe into a financial panic that spread to other parts of the world. The events in Austria were pivotal to the economic developments of the 1930s, yet the literature about them is sparse. This book tries to fill this gap. Aurel Schubert analyzes the crisis using the leading theories of financial crises, identifies the causes of the crisis, examines the market's efficiency in predicting events, analyzes how the crisis was transmitted to the real sector, and studies the behavior of the Austrian as well as international authorities as lenders of last resort. His main conclusion is that even sixty years after the crisis, many of its lessons are still valid. Managerial and regulatory deficiencies led to the collapse of the bank; the subsequent currency crisis was not an irrational and unexplainable panic by a confused public, but rather a rational response to inconsistencies in policy; and the reactions of the largely unprepared authorities--in Austria as well as abroad--did not help in resolving the crisis quickly., ISBN13: 9780521030298 ISBN10: 0521030293 Material Type: paperback\u003c\/p\u003e","brand":"CheapBookDepot","offers":[{"title":"Default Title","offer_id":46124844449955,"sku":"CH_01-06-25_PHA_H00000J2","price":40.26,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0607\/9227\/5107\/files\/61aqWZdh6kL.jpg?v=1754827619"},{"product_id":"p-29-2-f_05-09-25_h0000dpe","title":"Stochastic Methods in Economics and Finance (Volume 17) (Advanced Textbooks in Economics, Volume 17)","description":"\u003cp\u003eTheory and application of a variety of mathematical techniques in economics are presented in this volume. Topics discussed include: martingale methods, stochastic processes, optimal stopping, the modeling of uncertainty using a Wiener process, Itô's Lemma as a tool of stochastic calculus, and basic facts about stochastic differential equations. The notion of stochastic ability and the methods of stochastic control are discussed, and their use in economic theory and finance is illustrated with numerous applications.\u003c\/p\u003e\n\n\u003cp\u003eThe applications covered include: futures, pricing, job search, stochastic capital theory, stochastic economic growth, the rational expectations hypothesis, a stochastic macroeconomic model, competitive firm under price uncertainty, the Black-Scholes option pricing theory, optimum consumption and portfolio rules, demand for index bonds, term structure of interest rates, the market risk adjustment in project valuation, demand for cash balances and an asset pricing model., ISBN13: 9780444862013 ISBN10: 0444862013 Material Type: hardcover\u003c\/p\u003e","brand":"CheapBookDepot","offers":[{"title":"Default Title","offer_id":46124918702243,"sku":"P.29.2 F_05-09-25_H0000DPE","price":29.25,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0607\/9227\/5107\/files\/91QCHBpbLFL.jpg?v=1754831741"}],"url":"https:\/\/usedbookdepot.com\/collections\/banking.oembed","provider":"Used Book Depot","version":"1.0","type":"link"}