Institutions in Crisis: European Perspectives on the RecessionDavid Howden 'An important and timely contribution. David Howden has brought together an excellent collection of essays which go beyond the theoretical discussion of Austrian business cycle theory, exploring instead its empirical relevance to one of the most serio |
Contents
1 Institutional illusion and financial entrepreneurship in the European debt scheme | 1 |
2 A stocktaking of the impact of the crisis | 22 |
Celtic tiger or Bengal kitten? | 44 |
some hidden relief? | 56 |
5 Europes crisis of accounting | 76 |
the case of misplaced prudence | 92 |
costs and tragedies | 117 |
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accounting standards action agricultural assets Auburn Bagus bailout balance sheet banking system base money billion boom capital requirements Celtic tiger central bank collateral common consumers costs countries created credit expansion Czech Republic default deficits deposit banks economists effects entrepreneurs Euro area Europe European Union Eurosystem Eurozone farm farmers FASB fiduciary media financial crisis financial markets firms fiscal fractional reserve banking funds future Germany global government bonds Greece growth Howden Huerta de Soto IASB income increase inflation insurance companies interest rates interventions investment Ireland Keynesian labor liabilities liquidity loans Ludwig von Mises ment Mises Institute monetary policy negative externalities official economy percent of GDP political price stability problem property rights recession reform regulation regulatory risk Rothbard rules Schneider sector shadow economy Slovak Slovakia social Solvency Solvency II sovereign debt Spain spending structure subsidies tion trade tragedy underground economy unemployment