The Oxford Handbook of Banking provides an overview and analysis of state-of-the-art research in banking written by leading researchers in the field. This handbook will appeal to graduate students of economics, banking and finance, academics, practitioners and policy makers. Consequently, the...

Central banks around the world try to influence economic activity by altering nominal interest rates which will have an effect on the real rate. However, this is only possible as long as interest rates are above zero. The case of Japan showed that monetary policy was helpless as nominal rates...

Allan H. Meltzer's monumental history of the Federal Reserve System tells the story of one of America's most influential but least understood public institutions. This first volume covers the period from the Federal Reserve's founding in 1913 through the Treasury-Federal Reserve Accord of 1951,...

Intro -- CONTENTS -- Preface -- Chapter 1. At Inception -- Chapter 2. The Great Depression -- The Prelude to Disaster -- The Speculative Bubble -- The Great Crash -- The Aftermath -- GNP and the Downward Trade Spiral -- Keynes's Academic Precursors -- Keynes's Policy Suggestions -- Chapter 3....

Intro -- Contents -- Illustrations -- Preface -- 1 Past and Present Monetary Regimes -- 2 Struggle for Monetary Supremacy: Early American Experience -- 3 Contemporary Experience: Fiat Monetary Regime -- 4 Moving to a Fiat Monetary Regime -- 5 A Theoretical Framework -- 6 Inflation and the...

This upper level textbook for students in finance, labour economics and macroeconomics challenges the conventional view that money has no impact on production in the longer term. The resulting policy implications are also considered, in particular the desirability of an independent central bank

This volume explains different aspects of the transmission mechanism. It scrutinises the relevance of practical issues such as asymmetries, recent structural changes and estimation errors using data on the US, Euro area and developing countries. Also focuses on modelling crucial aspects...

How and for whose benefit the European Central Bank (ECB) will work is the most important issue facing Europe. A team from the ECB, including Otmar Issing it's Chief Economist, here present a non-technical analysis of the ECB's monetary policy strategy, institutional features and procedures

Much is puzzling about Japan's finances today: its inability to arrest its economic decline, its festering banking crisis, and the dithering of its policymakers. Why can't the Japanese government find the political will to fix the country's problems? Japan's Policy Trap offers a provocative new...

A review of the history of monetary arrangements on the African continent, this title analyses the situation and prospects for further integration. The author's argue that the goal of creating a single African currency is probably beyond reach