The Financial System and the Coordination of Economic Activity (Hardcover) (ISBN-13: 9780275901301)

This volume integrates financial theory, particularly financial contracting theory, into macroeconomics. The role of financial contracts in reducing the conflict between the various factors of production within the firm is described, particularly their influence upon the pricing, employment, production, and financing decisions of firms during various stages of the business cycle. Dr. Krainer takes an unconventional approach to the subject of financial institutions and markets: by applying financial theory to macroeconomic topics, he portrays a different view of how the financial system interacts with the economy.

Author: Robert E. Krainer
ISBN-10: 0275901300
ISBN-13: 9780275901301
Publisher: Praeger
Language: English
Published: 03/01/1985
Pages: 350
Format: Hardcover
Weight: 1.47lbs
Size: 9.21h x 6.14w x 0.81d