In einer aktuellen Studie des Internationalen Währungsfonds (IWF) wird das bisher nicht für möglich gehaltene Ausmaß der aktuellen Wirtschaftskrise abgeschätzt: Erst-mals seit 60 Jahren schrumpft die Weltwirtschaft.[1] Die Ökonometriker des IWF rechnen beim Bruttoinlandsprodukt (BIP) 2009...

We analyze the importance of global shocks for the global economy and national policy makers. More specifically, we investigate whether monetary policy has become less effective in the wake of financial globalization. We also examine whether there is increasing uncertainty for central banks due...

This sequel to 'Euro On Trial', shows how European Monetary Union became a main engine of the global credit bubble and puts forward a set of remedies which would reduce the danger of further economic debacle emanating from serious flaws in the present policy-making framework of the European...

Overview -- Issues and challenges of international monetary reform -- East Asia perception of the global safety net, IMF -- Use of national currencies for trade settlement in East Asia : a proposal -- Shaping the future of the IMS : regionalization of selected Asian currencies -- Conclusion