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Twenty years of the German euro are more than enough

Bibow, Jörg - 2018

This paper reviews the performance of the euro area since the euro's launch 20 years ago. It argues that the euro crisis has exposed existential flaws in the euro regime. Intra-area divergences and the corresponding buildup of imbalances had remained unchecked prior to the crisis. As those...

Persistent link: https://www.econbiz.de/10011894027

Minsky, monetary policy, and mint street : challenges for the art of monetary policymaking in emerging economies

Yanamandra, Srinivas - 2014

This paper examines the emerging challenges to the art of monetary policymaking using the case study of the Reserve Bank of India (RBI) in light of developments in the Indian economy during the last decade (2003-04 to 2013-14). The paper uses Hyman P. Minsky's financial instability hypothesis as...

Persistent link: https://www.econbiz.de/10010436173

Liquidity funding shocks : the role of banks' funding mix

Alvarez, Antonio M.; Fernández, Alejandro; … - 2019

systems, we find that following a liquidity funding shock, both credit and GDP decline in different amounts and lengths. GDP …

Persistent link: https://www.econbiz.de/10012004718

Financial globalization and monetary policy

Kamin, Steven - 2010

Persistent link: https://www.econbiz.de/10009550960

Shadow banking and the limits of central bank liquidity support : how to achieve a better balance between global and official liquidity

Moe, Thorvald - 2012

Global liquidity provision is highly procyclical. The recent financial crisis has resulted in a flight to safety, with … meet the liquidity needs of dysfunctional financial markets. As the eligibility criteria for central bank borrowing have … bank has the ability to create abundant official liquidity, there should be some limits to its support for the financial …

Persistent link: https://www.econbiz.de/10009516740

The two approaches to money : debt, central banks, and functional finance

Mastromatteo, Giuseppe; Esposito, Lorenzo - 2015

The scientific reassessment of the economic role of the state after the crisis has renewed interest in Abba Lerner’s theory of functional finance (FF). A thorough discussion of this concept is helpful in reconsidering the debate on the nature of money and the origin of the business cycle and...

Persistent link: https://www.econbiz.de/10011392820

Unconventional monetary policies and central bank profits : seigniorage as fiscal revenue in the aftermath of the global financial crisis

Bibow, Jörg - 2018

, the United States Federal Reserve System, the Bank of Japan, the Swiss National Bank, the European Central Bank, and the …

Persistent link: https://www.econbiz.de/10011910944

Two Harvard economists on monetary economics: Lauchlin Currie and Hyman Minsky on financial systems and crises

Velasquez, Iván D. - 2018

In November 1987, Hyman Minsky visited Bogotá, Colombia, after being invited by a group of professors who at that time were interested in post-Keynesian economics. There, Minsky delivered some lectures, and Lauchlin Currie attended two of those lectures at the National University of Colombia....

Persistent link: https://www.econbiz.de/10011925602

Optimal inflation persistence : Ramsey taxation with capital and habits

Chugh, Sanjay - 2005

Persistent link: https://www.econbiz.de/10002672760

Options for China in a dollar standard world : a sovereign currency approach

Wray, L. Randall; Liu, Xinhua - 2014

This paper examines the fiscal and monetary policy options available to China as a sovereign currency-issuing nation operating in a dollar standard world. We first summarize a number of issues facing China, including the possibility of slower growth, global imbalances, and a number of domestic...

Persistent link: https://www.econbiz.de/10010228185

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