Die Bilanz der Bundesbank und jene anderer Notenbanken des Euroraums weisen aktuell hohe "operative" Verluste auf, bedingt durch die Diskrepanz aus den weiterhin niedrig verzinsten Wertpapierbeständen aus Anleihekäufen und den mittlerweile höher verzinsten Einlagen der Geschäftsbanken. Indes...

Forrest Capie is an eminent economic historian who has published extensively on a wide range of topics, with an emphasis on banking and monetary history, particularly in the nineteenth and twentieth centuries, but also in other areas such as tariffs and the interwar economy. He is a former...

This book assesses the need to secure policy consistency, the scope for inflation targeting, the sustainability of exchange rate regimes and the scope for deeper financial integration in the Australasian area

Three years after the birth of the European Monetary Union (EMU) economists are still divided in assessing the ability of its key institutions to provide macroeconomic stability and foster necessary reforms. Blending empirical and theoretical data, experts offer a comprehensive survey of recent...

A Rational Expectations Approach to Macroeconometrics pursues a rational expectations approach to the estimation of a class of models widely discussed in the macroeconomics and finance literature: those which emphasize the effects from unanticipated, rather than anticipated, movements in...