Management of international monetary relations between China and the United States will be one of the crucial parameters for the stability or instability of the global financial system in the next decade. Although most of the literature suggests rebalancing through either adjustment of relative...

The 2007-2009 financial crisis has raised again the question about the policy stance central banks ought to adopt in order to limit fluctuations in asset prices, which affect production activities and the economy as a whole. Despite the relevant number of analyses, no consensus has been reached...