The monetary theory of production

In mainstream economic theory money functions as an instrument for the circulation of commodities or for keeping a stock of liquid wealth. In neither case is it considered fundamental to the production of goods or the distribution of income. Augusto Graziani challenges traditional theories of ...

Política monetaria

Vol I: Fundamentos y estrategias

ÍNDICE: Capítulo 1: La oferta monetaria, la demanda de dinero y los tipos de interés Capítulo 2: La política monetaria: contenido, estrategias y transmisión de sus efectos Capítulo 3: Eficacia y limitaciones de la política monetaria Capítulo 4: La política financiera Capítulo 5: La política ...

Política monetaria

II: Enfoques alternativos

INDICE: 1.La teoría de la política monetaria y financiera (I): la teoría cuantitativa del dinero 2.La teoría de la política monetaria y financiera (II): el enfoque de J.M.Keynes 3.La teoría de la política monetaria y financiera (III): distintas corrientes keynesianas ...

Interest and prices

foundations of a theory of monetary policy

With the collapse of the Bretton Woods system, any pretense of a connection of the world's currencies to any real commodity has been abandoned. Yet since the 1980s, most central banks have abandoned money- growth targets as practical guidelines for monetary policy as well ...

Monetary and fiscal policies in EMU

interactions and coordination

Europe#s Economic and Monetary Union (EMU) is unlike any other case of monetary unification in history. Here, sovereign countries retain a large degree of fiscal autonomy while monetary policy is centralised and entrusted to an independent central bank - the European Central Bank - with a ...

The governance of public and non-profit organisations

what do boards do?

Ed. Chris Cornforth. Governing boards play a crucial role in ensuring that public and non- profit organizations are publicly accountable and perform well. Until now, there have been relatively few detailed empirical studies of what boards do in practice, but this book fills that gap ...

Economic and monetary union en Europe

theory, evidence and practice

The introduction of a single currency within the European Union is without precedent in world history and will have far-reaching consequences for the future prosperity of the continent. This volume brings together contributions from leading specialists which explain and evaluate the most important implications of ...

Policy coordination in a monetary union

A comprehensive study of the international coordination of economic policy in a monetary union. It carefully discusses the process of policy competition and the structure of policy cooperation. As to policy competition, the focus is on competition between the union central bank, the German government ...

Money demand in Europe

an empirical approach

The EURO has now been in place for more than two years, but only the future will tell if the ECB can manage the EURO currency in the long- term. This book discusses the economic principals underlying the demand for money, and the possibilities to ...

L'euro, une monnaie sans politique?

Enfin un ouvrage clair, pédagogique et pas manichéen, sur l'euro et les politiques économiques menées en Europe! L'auteur traite sérieusement des arcanes du pacte de stabilité, de la BCE, du déclin démographique, etc. A conseiller à tout honnête homme (ou femme) qui s ...

Politiques et pratiques des banques d'émission en Europe

(XVIIe-XXe siècle). Le Bicentenaire de la Banque de France dans la perspective de l'identité monétaire européenne

On prête généralement beaucoup aux banques d'émission. Leur influence sur l'activité économique, face à la crise comme face à la croissance, leur action sur le cours des relations monétaires internationales fondent cette opinion largement répandue, hier comme aujourd'hui. Les études ici rassemblées ...

Information dissemination in currency crises

As the complexity of financial markets keeps growing, so does the need to understand the decision-making and the coordination of the exsuing actions in the marketplace. In particular, the disclosure of information to market participants and its impact on the market outcome mertis attention. This ...

Wealth by association

global prosperity through market unification

European monetary unification has produced a $15 trillion windfall to its member nations that is rarely discussed or accounted for in analyses of economic integration. The authors argue persuasively that the reduction in cross-border risks is directly responsible for an explosion in the value of ...

L'instabilité monétaire

Au regard de l'Histoire, l'instabilité des monnaies apparaît comme la solution la moins douloureuse aux conflits de société : les guerres et les dictatures générant l'hyperinflation. Pour l'avenir, faut-il apprendre à vivres avec l'instabilité des taux de change dont souffrent les ...

El dinero electrónico

aproximación jurídica

El objetivo de la presente monografía es realizar una aproximación jurídica a un nuevo medio de pago: el denominado dinero electrónico, que pretende ser un instrumento adecuado a las características del comercio electrónico, que permita el completo desarrollo del contrato por medios electrónicos, y que ...

EMU and economic policy in Europe

the challenge of the early years

En el nombre del euro

(Revista Cuadernos de información económica nº 166, año 2003)

Compensazione e circolazione della moneta nei sistema di pagamento

Economics of exchange rates

In the last few decades exchange rate economics has seen a number of developments, with substantial contributions to both the theory and empirics of exchange rate determination. Important developments in econometrics and the increasingly large availability of high-quality data have also been responsible for stimulating ...

Political pressure, rhetoric and monetary policy

lessons for the European Central Bank

Philipp Maier offers an examination of the extent to which governments and various interest groups have exerted pressure on central banks. The book looks in particular at the Deutsche Bundesbank - which acted as the blueprint for the European Central Bank (ECB) - and utilizes an original ...