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Kehrwald, Bernie - Volkswirtschaftliche Fakultät, … - 2014

This paper introduces a new monetary theory. A simple model is described in which a central bank sets the interest rate in a way that the excess demand for credits equals the preferred amount of money. It is compatible with the Keynesian liquidity preference theory and the neoclassical loanable...

Persistent link: https://www.econbiz.de/10011156995

An Outline of the Existing Literature on Monetary Economics in India

Das, Rituparna - Volkswirtschaftliche Fakultät, … - 2010

As per the researchers on monetary economics, a detailed account of the changing role of money from Walrasian and Non-Walrasian settings to the more recent theories on the dynamics of the relationships between money, inflation and growth with reference to their historical evolution are available...

Persistent link: https://www.econbiz.de/10008533251

Money, credit and the interest rate in Marx's economic. On the similarities of Marx's monetary analysis to Post-Keynesian economics

Hein, Eckhard - Volkswirtschaftliche Fakultät, … - 2004

between Marx’s economics and post-Keynesian approaches in the field of money, credit and the rate of interest. Starting from …

Persistent link: https://www.econbiz.de/10008574607

The Cost of Capital in Markets with Opaque Intermediaries and the Risk-Structure of Interest Rates

Mierzejewski, Fernando - 2009

The demand for cash balances of financial intermediaries that establish contractual liabilities with credit … credit quality, and hence, they are obliged to rely on deposit insurance and capital cushions in order to assure that their …

Persistent link: https://www.econbiz.de/10013160192

Exploring Diversification Benefits in Asia-Pacific Equity Markets

Mensah, Jones Odei; Premaratne, Gamini - Volkswirtschaftliche Fakultät, … - 2014

This paper examines the benefits of regionally and globally diversified portfolios from the perspective of investors holding domestic-only portfolios from different Asia-Pacific countries. Three groups of regional portfolio are constructed, with sorting based on relative strength ranking...

Persistent link: https://www.econbiz.de/10011109444

National Innovation Systems and Regional Cooperation in Asia: Challenges and Strategies from a Study of China

Khan, Haider A. - Volkswirtschaftliche Fakultät, … - 2012

I provide a quick assessment of the effectiveness and potentialities of National Innovation Systems (NIS) in the Asia-Pacific for deeper economic integration. To this end,I formulate some preliminary policy suggestions aimed at enhancing the region’s overall innovation strategy. My approach...

Persistent link: https://www.econbiz.de/10011260082

Did Credit Decouple from Output in the Great Moderation?

Grydaki, Maria; Bezemer, Dirk - Volkswirtschaftliche Fakultät, … - 2013

prices and in credit relative to output. The distribution of credit shifted towards the financial and real estate sectors … stability was destabilizing. We explore this interpretation by testing the Allen and Gale (2000) bubble feature that credit … growth was driven more by past credit growth and less by output growth. We test this distinguishing between credit to asset …

Persistent link: https://www.econbiz.de/10011107854

A note on the long-run neutrality of monetary policy: new empirics

Asongu, Simplice - Volkswirtschaftliche Fakultät, … - 2013

Economic theory traditionally suggests that monetary policy can influence the business cycle, but not the long-run potential output. Despite well documented theoretical and empirical consensus on money neutrality in the literature, the role of money as an informational variable for monetary...

Persistent link: https://www.econbiz.de/10011108086

Capital Inflows, Credit Booms and Their Risks

Reinhart, Carmen - Volkswirtschaftliche Fakultät, … - 2012

This paper highlights the findings of some of the recent research on capital flows, credit booms, and their attendant …

Persistent link: https://www.econbiz.de/10011108104

Money, Credit, Capital and the State: On the evolution of money and institutions

Hanappi, Hardy - Volkswirtschaftliche Fakultät, … - 2013

This paper combines several important arguments, which have puzzled economic theory for decades, to arrive at a more adequate description of the current global crisis. The main theoretical innovation is to view the long-run economic evolution as a stepwise evolution of money forms. Moreover, as...

Persistent link: https://www.econbiz.de/10011108734