This volume takes as its central core the question of how changes in the supply or demand for money and for other financial assets affect prices, output and interest rates. The topics covered include the microeconomics of money, the role of money in portfolios, money demand functions, the...

The eastwards expansion of the European Union is one of the most explosive economic and political issues of the early 21st century. Economic and financial stability combined with rising prosperity in the applicant countries are increasingly seen as necessary preconditions for European Union...

While the Americans accuse China of damaging their economy, the Chinese claim their policies are legitimate and that the US has no right to dictate how the Chinese economy should be run. Imad Moosa addresses contentious issues including: whether the Chinese currency is undervalued, whether the...

The studies included in these two volumes have been selected to highlight key recent contributions to scholarship on the political economy of international monetary relations. Over the last decade, the central theme of research in this area has been the growth and increasingly pervasive...

The book incorporates the essential elements of institutional theory and highlights the issues pertaining to the measurement of institutional characteristics and the empirical analyses involving such measurement. It provides the theoretical framework of and empirical evidence on fiscal...

Asset pricing lies at the heart of financial economics, being not only the foundation of every other field in this subject area but also having prime relevance for practical decision-making. For this two-volume collection the editor has selected some of the most influential articles which have...

This major four-volume collection will prove invaluable for lecturers, researchers and practitioners. The first volume covers the case for and against banking regulation, touching upon the design of an ‘optimal’ regulatory framework. The second discusses deposit insurance, examining the...

This book presents the results of several years of research on competition, concentration, efficiency and performance in the European banking market. The author seeks to explain and interrelate the numerous characteristics of the banking industry, and provide a detailed comparative analysis of...

This book offers the first systematic discussion of a new and promising field: the economics of independence, accountability and governance of financial supervision institutions.