Recent crises in emerging markets have been heavily driven by balance-sheet or net-worth effects. Episodes in countries as far-flung as Indonesia and Argentina have shown that exchange rate adjustments that would normally help to restore balance can be destabilizing, even catastrophic, for...

Economic growth, low inflation, and financial stability are among the most important goals of policy makers, and central banks such as the Federal Reserve are key institutions for achieving these goals. In Asset Prices and Monetary Policy, leading scholars and practitioners probe the interaction...

The "Argentine disappointment"—why Argentina persistently failed to achieve sustained economic stability during the twentieth century—is an issue that has mystified scholars for decades. In Straining the Anchor, Gerardo della Paolera and Alan M. Taylor provide many of the missing links that...

Extremely low inflation rates have moved to the forefront of monetary policy discussions. In Asia, a number of countries—most prominently Japan, but also Taiwan and China—have actually experienced deflation over the last fifteen years. Monetary Policy with Very Low Inflation in the Pacific...

Over the past fifteen years, a significant number of industrialized and middle-income countries have adopted inflation targeting as a framework for monetary policymaking. As the name suggests, in such inflation-targeting regimes, the central bank is responsible for achieving a publicly announced...

Frontmatter -- Inhalt -- Nicaragua-Karte -- Zentralamerika-Karte -- Die Grenzen des American Dream Als „Gelddoktor" in Nicaragua, 1930-1934 -- Von der Wall Street zur „Nationalbank" Nicaraguas -- Geschäftsbereich und Bekanntenkreis -- Reise nach Costa Rica, Gesellschaftsleben in Managua --...

Frontmatter -- Inhaltsverzeichnis -- Einleitung -- I. Ökonomie, Regionen und die anderen: Erkundungen -- Ökonomie als transnationale Disziplin oder: Das Fach entkernen / Braig, Marianne -- Globalisierung, Regionalismus und die politische Ökonomie von Ideologien / Collignon, Stefan --...