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This paper provides an introduction to the special issue on international lending of last resort. Starting from debates about rescue operations and unconventional policies of major central banks in the contexts of the Global Financial Crisis and the European Debt Crisis, it draws attention to...
Persistent link: https://www.econbiz.de/10013447582
This paper explores the importance of central banking policies in financial market performance, using the case of India. For this purpose, the paper comparatively analyzes the performance of financial markets during the regimes of last three governors of the Reserve Bank of India-Y V Reddy, D...
Persistent link: https://www.econbiz.de/10013199561
This paper explores the importance of central banking policies in financial market performance, using the case of India. For this purpose, the paper comparatively analyzes the performance of financial markets during the regimes of last three governors of the Reserve Bank of India-Y V Reddy, D...
Persistent link: https://www.econbiz.de/10012021634
Persistent link: https://www.econbiz.de/10013089349
This article investigates the reasons, the transformative processes, and the social mechanisms involved in the establishment of the European Economic and Monetary Union (EMU). Contrary to commonly accepted theories used to explain institutional change, it argues that the establishment of the EMU...
Persistent link: https://www.econbiz.de/10012940700
IT progress and its application to the financial industry have inspired central banks and academics to reflect about the merits of central bank digital currencies (CBDC) accessible to the broad public. This paper first briefly recalls the advantages that have been associated with CBDC and...
Persistent link: https://www.econbiz.de/10012870904
Persistent link: https://www.econbiz.de/10013007772
ABSTRACTThis paper is meant primarily to summarize and integrate some concepts about the origin of the monetary institutions and their main characteristics.ReSUMeNDINERO: ORIGEN Y ESENCIAEste artículo quiere en primer lugar resumir e integrar algunos conceptos sobre el origen de las...
Persistent link: https://www.econbiz.de/10009275612
During 1930s and 1940s Josef Macek developed monetary theory leading to monetary policy recommendations which are deeply influenced by macroeconomic theory of John Maynard Keynes. Macek became leading Czech left-wing keynesian. His theory of money was nominalist and similarly to J. M. Keynes and...
Persistent link: https://www.econbiz.de/10005036614