The emergence and diffusion of information and communication technologies ( ICT ) raise potential growth along uncertain proportions and for an indeterminate period. This speeding up of growth and the partly transitory slowdown of inflation that comes with it are featured here as the ?New...

As it appears neither desirable nor possible to set up an international lender of last resort, one should rather look for ways to improve the existing framework in order to overcome international capital market failures. Two complementary ways should be favoured: the involvement of the private...

In 1835, Edouard Mallet published a notable but today nearly forgotten study of the average height of Genevan conscripts. His individual data included 3029 conscripts born between 1805 and 1814, examined and measured between 1826 and 1835. Mallet's work was only the third auxological study to be...

[eng] Monetary policy, bank capital and market liquidity . The implementation of the Basel II Capital Accord highlights the role of bank capital in the conduct of monetary policy. The paper studies the three types of instances that central banks may face. In normal times, the distribution of...

Cover -- Half Title -- Series Page -- Title Page -- Copyright Page -- Table of Contents -- Preface -- Introduction -- 1 Notions -- 1.1 Financial Stability -- 1.2 Financial Fragility, Liquidity, and Leverage -- 1.2.1 Definitions -- 1.2.2 Theoretical Underpinnings -- 1.2.1.1 The Diamond and Dybvig...