The New Economics of Liquidity and Financial Frictions Book PDF, ePub eBook

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Book Descriptions:
The New Economics of Liquidity and Financial Frictions is a book about a new branch of economics that is largely a synthesis of macro and finance. In many ways, it is a radical departure from the older, frictionless approach still prevalent in economic textbooks and most of academia. This book provides a new understanding and approach to asset pricing, risk measurement and management, central banking policy, and the overall working of today’s economy, including questions of financial stability.

The New Economics of Liquidity and Financial Frictions by David Adler

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