This chapter explores Keynes’s monetary thought with a focus on financial instability and crises. Keynes’s early monetary work, Indian Currency and Finance (1913), shows his keen concerns for financial instabilities and his appreciation of central banks’ lender-of-last-resort role. In his...

This chapter highlights key shortcomings and failures of Europe's Economic and Monetary Union - essentially the most advanced case of regional integration in the world, inspiring numerous other initiatives including among developing countries, but fatally flawed and limited. The European...

This paper investigates the role of the European Central Bank (ECB) in the (mal)functioning of Europe's Economic and Monetary Union (EMU), focusing on the German intellectual and historical traditions behind the euro policy regime and its central bank guardian. The analysis contrasts Keynes's...

Main description: Die Herrschaft des Nationalsozialismus brachte für die deutsche Wirtschaftswissenschaft einen gewaltigen Aderlaß und ein weitestgehendes Erliegen des internationalen Gedankenaustausches. Die Jahre nach Ende des Krieges und der Gewaltherrschaft waren demzufolge Jahre eines...