Since 1990, a number of countries have adopted inflation targeting as their declared monetary strategy. Interpretations of the significance of this movement, however, have differed widely. To some, inflation targeting mandates the single-minded, rule-like pursuit of price stability without...

No one seems to be neutral about the effects of EMU on the German economy. Roughly speaking, there are two camps: those who see the euro as the advent of a newly open, large, and efficient regime which will lead to improvements in European and in particular in German competitiveness; those who...

"Analyzes different dimensions of past financial and economic crises from the perspective of Asian countries. It examines a number of diverse crisis-relevant themes, ranging from sovereign debt to central bank responses to financial safety nets. Drawing on concrete and specific lessons from past...