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This book deals with the economic consequences of monetary integration, which has long been dominated by the Optimal Currency Area (OCA) paradigm. In this model, money is perceived as having developed from a private sector cost minimization process to facilitate transactions. Not surprisingly,...
Persistent link: https://www.econbiz.de/10011850704
, Kaleckians and other heterodox economists from the developed and developing world. Post Keynesian literature has long been …
Persistent link: https://www.econbiz.de/10011850557
Recurrent instability has characterized the global financial system since the 1980s, eventually leading to the current global financial crisis. This instability and the resultant disruptions - sovereign debt defaults, exchange rate misalignments, financial market illiquidity and asset price...
Persistent link: https://www.econbiz.de/10011850688
), 'Slump and Recovery: The UK Experience', in Theo Balderston (ed.), The World Economy and National Economies in the Interwar … European History, 9 (2), 183-207 -- Ben S. Bernanke (1995), 'The World on a Cross of Gold: A Review of "Golden Fetters: The … Depression', in Theo Balderston (ed.), The World Economy and National Economies in the Interwar Slump, Chapter 9, Basingstoke, UK …
Persistent link: https://www.econbiz.de/10011852314
analysis of monetary and exchange rate issues in the modern world. Monetary and Exchange Rate Systems will be extremely useful …
Persistent link: https://www.econbiz.de/10014474013
"In this incisive fifth edition of Financial Crises and Recession in the Global Economy, Roy E. Allen examines the major financial instabilities, crises, and evolutionary trends since the 1970s and through the recent Covid-19 pandemic. Providing empirical research on the relation between money...
Persistent link: https://www.econbiz.de/10014437075
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...
Persistent link: https://www.econbiz.de/10014473859
The formulation of a common European monetary policy offers an important challenge to policymakers both in Europe and around the globe. The analysis of monetary transmission mechanisms in Europe, and the US, provides insights of great importance as the institutional environment of monetary...
Persistent link: https://www.econbiz.de/10014473892
A decade after the implementation of the initial wave of economic reforms in India, the process of transforming the country into a fully developed market economy continues. A hallmark of the globalised economy is its ability to sustain competitive efficiency which, in turn, can lead to enhanced...
Persistent link: https://www.econbiz.de/10014474160
Potential new entrants to the European Union from Central and Eastern European countries face many challenges to achieve financial convergence with the existing EU nations. Using detailed case studies from Bulgaria, the Czech Republic, Latvia, Lithuania and Poland and analysis of cross country...
Persistent link: https://www.econbiz.de/10011850773