Current issues in monetary economics : with 16 tables

This volume deals with recent aspects and developments of monetary and exchange rate policy. It offers an overall perspective of methods and questions in these fields that are currently the focus of discussion. The volume includes¤ particular analysis and discussion of central aspects such as central bank independence, time inconsistency and different exchange rate systems. The individual contributions are written by well-known experts in the relevant field¤s of research. Keywords: Monetary Economics, Monetary Policy,Exchange Rate Policy, Central Banking Contents: Introduction.- Monetary Policy: Recent Theory and Practice.-Central Bank Design: Game Theoretic Analysis of Monetary Policy Institutions; Outline of Two Controversial Positions on Central Bank Autonomy.- Monetary Polici¤es: Strategies and Implementation: Theoretical Considerations on Strategies in Monetary Policy; Conceptual Problems of Monetary Policy.- Theoretical Aspects of Exchange Rate Policy and Monetary Union: Problems of Flexible and Fixe¤d Exchange Rates; Approaching European Monetary Union: On Conversion Rates.- Monetary and Exchange Rate Policy in Developing and Transition Countries: Selected Issues: Some Explanation on Recent Currency Crises; Monetary System De¤sign: On Currency Boards.- Conclusion and Supplements.