In recent years, various "unconventional" views have been advanced that promise to offer new analytical insights and policy approaches that are suited to control the value of money, particularly in a constellation of low growth and unemployment. Whereas Forward Guidance attempts to decrease the...

Low inflation on goods markets provides no reliable precondition for asset-market stability; it might even promote the emergence of bubbles because interest rates and risk premia appear to be low. A further factor driving asset demand is easy availability of credit, which in turn roots in the...

Cover; Zum Inhalt_Autor; Titel; Vorwort; Inhaltsübersicht; Inhaltsverzeichnis; Kapitel 1 Geld, Zins und Banken; 1.1 Theoretische Grundlagen; 1.1.1 Die Funktionen des Geldes: Zahlungsmittel aus informationstheoretischer Sicht; 1.1.2 Traditionelle Strategien zur Wahrung des Geldwertes:...