Showing 1 - 10 of 237
During 1930s and 1940s Josef Macek developed monetary theory leading to monetary policy recommendations which are … deeply influenced by macroeconomic theory of John Maynard Keynes. Macek became leading Czech left-wing keynesian. His theory … critisized and disapproved the quantity theory of money. In his monetary theory and his monetary policy conclusions he was a …
Persistent link: https://www.econbiz.de/10005036614
Persistent link: https://www.econbiz.de/10001242582
Persistent link: https://www.econbiz.de/10001581987
Persistent link: https://www.econbiz.de/10003937228
The article deals with the role of the central banks in advanced market economies and the theoretical possibility of abolishing these institutions. Central banks have monopolies in some areas, especially regarding monetary policy. In many countries, central banks also have monopolies in other...
Persistent link: https://www.econbiz.de/10008545886
The article analyzes the factors leading to the fall of forward interest rates in the Czech Republic between 1999 and 2003. A key point in this regard is the existence of a term and a regime-shift premium associated with the country’s anticipated entry into the eurozone. The paper suggests...
Persistent link: https://www.econbiz.de/10008549915
The authors contend that the theory of optimum currency areas (OCA) provides a useful framework for discussions of … considered alongside empirical studies regarding OCA theory applied to the EMU and the Czech Republic, and a socalled OCA …-index is calculated. The authors conclude that OCA theory is a longterm theory and that it does not possess sufficient …
Persistent link: https://www.econbiz.de/10008495720
Tøi dùležité výzvy: zavádìní nových strategií mìnové politiky, vypozorované odlišnosti v prùbìhu finanèních krizí mezi rozvinutými a rozvíjejícími se ekonomikami a vznik EMU ? napomohly v poslední dekádì posunout úvahy o transmisním mechanizmu mìnové politiky....
Persistent link: https://www.econbiz.de/10008495758
With the accession of 10 new European Union member states in May 2004, much attention is being placed on the governance of European Community institutions. This article focuses specifically on discussions of European Central Bank (ECB) governance, particularly as regards the ECB?s amendment of...
Persistent link: https://www.econbiz.de/10008495764
basic principles of contemporary Post-Keynesian monetary theory of relative endogeneity of money are shortly presented. The …
Persistent link: https://www.econbiz.de/10008509957