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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
This book, written by an international team of economists, develops concrete, country specific alternatives to inflation targeting, the dominant policy framework of central bank policy that focuses on keeping inflation in the low single digits to the virtual exclusion of other key goals such as...
Persistent link: https://www.econbiz.de/10011851035
Financial globalization has made monetary policy formulation in emerging market economies increasingly complicated. This timely set of studies looks at the turmoil in global financial markets, which coupled with volatile inflation poses serious challenges for central banks in these countries....
Persistent link: https://www.econbiz.de/10011851216
'One of the fundamental features of the financial system in most small island developing countries is the existence of oligopolistic banking systems. While economists have, for some time now, been working on developing models to explain the behaviour of firms in such market structures, this book...
Persistent link: https://www.econbiz.de/10011851503
state of the world economy / introduced by Paul A. Samuelson -- 3. The euro in Europe and the world / introduced by …
Persistent link: https://www.econbiz.de/10012420074
1. The rapidly changing world economy -- 2. The great recession -- 3. Global finance and payments imbalances -- 4. The … role of monetary policy -- 5. The post-crisis world -- 6. China's prospects and challenges -- 7. The US external position …
Persistent link: https://www.econbiz.de/10012260706
Contents: 1. Introduction and summary -- Part I: the unraveling of the 1930s-era framework -- 2. The Euro market erodes US financial structure -- 3. Commercial paper guarantees and the emergence of a parallel banking system -- 4. ERISA moves savings into securities markets -- Part II:...
Persistent link: https://www.econbiz.de/10012251703
Jayadev, in Gerald A. Epstein (ed.), Financialization and the world economy, chapter 3, Cheltenham, UK and Northampton, MA … paper no. 5, December, 2014, 1-25 -- 19. 'The political economy of QE and the Fed: Who gained, who lost and why did it end …"Central banks are among the most powerful government economic institutions in the world. This volume explores the …
Persistent link: https://www.econbiz.de/10012251845
, 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