"This paper summarizes recent developments in the theory and practice of monetary policy in a closed economy and explains what these developments mean for U.S. dollar policy. There is no conflict between what is appropriate U.S. monetary policy at home or abroad because the dollar is the world's...

Dollarization - the holding by residents of a substantial portion of their assets in foreign-currency-denominated assets- is a common feature of developing and transition economies, and therefore typical of many countries with IMF - supported adjustment programs. This paper analyzes policy...

Am 17 April 2008 stellte die Projektgruppe Gemeinschaftsdiagnose in Berlin ihr Frühjahrsgutachten der Presse vor. Ihrer Ansicht nach wird die Weltwirtschaft von der Krise des Immobilien- und des Finanzsektors in den USA und den von ihr ausgelösten weltweiten Finanzmarktturbulenzen...