The book investigates the contemporary functioning of financial institutions and monetary policies in order to assess their effects in different economic situations. It advances some proposals to improve their contribution towards a more stable and vigorous economy in the context of both...

Introducing money and the financial system -- Money and the payments system -- Interest rates and rates of return -- Determining interest rates -- The risk structure and term structure of interest rates -- The stock market, information, and financial market efficiency -- Derivatives and...

La 4e de couv. précise : "La monnaie est une des notions qui est au coeur de la discipline économique et qui l'a structurée au cours des siècles. Or, du fait notamment de la digitalisation croissante de la finance, de l'apparition de nouvelles formes de monnaie, de l'importance croissante...

The fact that money, banking, and financial markets interact in important ways seems self-evident. The theoretical nature of this interaction, however, has not been fully explored. To this end, we integrate the Diamond (1997) model of banking and financial markets with the Lagos and Wright...

This article recaps a conference on monetary and financial law held at the Bank of England. It reflects on international regulatory reform, the institutional structure of international monetary and financial law, resolution, and alternative currencies, payment systems and finance providers

Money is used everywhere. From the remotest corners of the world to the global centres of fi nance, money is used for the simplest tasks of everyday life to the most complex derivative transactions in the global economy. Since the very beginning of civilization when people started cultivation of...

This textbook elucidates the complex interconnections between money, capital, and credit markets as well as the influence of exchange rate systems. The new edition discusses the impacts of freedom of movement for workers and current developments in the sovereign debt crisis.