This volume deals with recent aspects and developments of monetary and exchange rate policy. It offers an overall perspective of methods and questions in these fields that are currently the focus of discussion. The volume includes¤ particular analysis and discussion of central aspects such as...

The fundamental, underlying factors of development are often neglected when analyzing the question why countries experience a growth slowdown at the middle-income range. Although these so-called `deep determinants' such as geography and institutions have been found to be decisive for the break...

The so-called 'deep determinants' of economic growth and development (namely, geography, institutions, and integration) have been found to be decisive for the break out of stagnation and for explaining cross-country income differences by many empirical studies. However, so far, very little has...