The management of central bank foreign exchange reserves is a topic in which best practices do not remain constant but evolve. For a number of countries, the international reserves have become a significant national asset. For other countries, the reserves are still seen in the context of...

and Summary -- I. A re-examination of the state of growth and stabilization theories -- 1. Second Thoughts on Growth Theory -- 2. The State of Macroeconomics -- 3. The Rich Country-Poor Country Problem: From the Eighteenth to the Twenty-First Centuries -- II. Innovations in financial markets and...

Frontmatter -- Preface -- Contents -- I. The Development of the Problem Before September, 1944 -- II. Definition of Aims Prior to Liberation -- III. The Exchange of Circulation and the Census of Assets -- IV. Special Taxation Problems -- V. Foreign Exchange Policy -- VI. Prices and Wages -- VII....

Due to financial market imperfections it is imperative to analyse the relationship between financial structure and the monetary policy transmission process in Europe to effectively design and implement European monetary policy. Focusing on the years 1980-1995 and providing empirical evidence for...