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Die Quantitätstheorie sieht die Geldmengenentwicklung als entscheidend für Veränderungen des Preisniveaus an und findet ihr geldpolitisches Äquivalent in der Geldmengenkontrolle. Dass dieser Ansatz umstritten ist - und stets war - veranschaulicht die Diskussion um den Geldmengenreferenzwert...
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We present a hedonic price analysis of office rents in Munich, Germany, based on a data set of 46 buildings. Using three parameters -- the distance to the city center ‘Marienplatz’, the distance to the Munich Airport and access to public transportation -- we build a parsimonious model of the...
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This indispensable book provides a comprehensive analysis of monetary and financial integration in East Asia. It assesses the steps already taken toward financial integration and brings forward different proposals for future exchange rate arrangements in what has now become the world's most...
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