Journals Higher Education



Published: 18 December 2014

672 Pages

9.7 x 7.4 inches

ISBN: 9780199655793

Also Available As:


Bookseller Code (04)

online resources


Institutions, Instability, and the Financial System

Wendy Carlin and David Soskice

  • The only textbook to comprehensively integrate the financial system within the mainstream macroeconomic model
  • Experienced and well-respected authors provide a clear analysis of the causes and consequences of the global financial crisis and the role played by the interaction of financial institutions and the macro-economy
  • Innovative chapter structure ensures students understand the overarching narrative of key arguments, before tackling the technical modelling sections
  • Checklist questions and discussion questions at the end of every chapter develop problem-solving skills and test understanding
  • An Excel-based simulator hosted online enables students to conduct a range of exercises with the closed and open economy versions of the model

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