Money, interest, and policy

dynamic general equilibrium in a non-ricardian world

This work develops the argument that moving from "Ricardian" dynamic stochastic general equilibrium models to "non-Ricardian" models solves many puzzles and paradoxes in monetary issues that might have cast doubt on the DSGE methodology for monetary economics. An important recent advance in macroeconomics is the ...

Currency competition and foreign exchange markets

the dollar, the yenand the euro

Currency Competition and Foreign Exchange Markets by Philipp Hartmann of the European Central Bank is a major theoretical and empirical study of international currencies, which focuses on the role which the Euro will play in the international monetary and financial system along with the US ...

Money and liberation

the micropolitica of alternative currency movements

Is conventional money simply a discourse? Is it merely a socially constructed unit of exchange? If money is not an actual thing, are people then free to make collective agreements to use other forms of currency that might work more effectively for them? Proponents of ...

Between the Dollar-Sterling Gold Points

exchange rates, parity and market behavior

Officer begins this book with a historical perspective of the monetary standards of the United States and Britain. He then develops data on exchange rates, mint parity and gold points, with which he investigates three important features of Anglo-American monetary history. First, the integration of ...

Money and payments in theory and practice

International in scope and written by a leading young Post-Keynesian economist, this book focuses on the working of money and payments in a multi-bank settlement system within which banks and non-bank financial institutions have been expanding their operations outside their countries of incorporation. Departing from ...

Monetary economics in developing countries

This book highlights the basic principles of monetary economics and their application to developing countries. Fully illustrated and written in an accessible style, it will be an attractive to students wanting to understand the economic aspects of development and those researching in the area. The ...

Bubble man

Alan Greenspan and the missing 7 trillion dollars

In this eye-opening account, Peter Hartcher re-examines the achievements of Alan Greenspan, the chairman of the Federal Reserve who presided over the 1990s stock-market bubble - perhaps the biggest speculative frenzy in history - and walked away when it came crashing down, with his reputation apparently unscathed ...

Towards North American monetary union?

a political history of Canada's exchange rate regime

Many believe that Canada's deepening economic integration with the United States and the worldwide trend towards currency blocs will eventually lead to a North American monetary union. In the first detailed analysis of Canadian exchange rate politics, Eric Helleiner challenges this view. Helleiner finds ...

Tratado de Derecho mercantil

T.24: El dinero y la representación de las posiciones acreedoras y deudoras en el tráfico mercantil

Este Tomo del Tratado presenta una unidad temática por una parte constituida a partir del dinero como "mercancía" de singular relevancia en el tráfico mercantil, entendido como tráfico en el mercado y, por otra acogedora de las formas genuinamente mercantiles en que se manifiestan en ...

Imperfect knowledge and monetary policy

Based on lectures given as part of The Stone Lectures in Economics, this book discusses the problem of formulating monetary policy in practice, under the uncertain circumstances which characterize the real world. The first lecture highlights the limitations of decision rules suggested by the academic ...

Explaining and forecasting the US federal funds rate

a monetary policy model for the US

This book has been written as a practical guide for finance markets professionals to explain US monetary policy and to make forecasts of future interest rate levels. Aimed at market players, familiar with US policy instruments, Explaining and Forecasting the US Federal Funds Rate will ...

The strategy and consistency of Federal Reserve monetary policy, 1924- 1933

Today, most scholars agree that mismanaged monetary policy contributed to the length and severity of the Great Depression. There is little agreement, however, about the causes of the Federal Reserve's mistakes. Some argue that leadership and other organizational changes prior to the depression caused ...

Money and the early greek mind

homer, philosophy, tragedy

How were the Greeks of the sixth century BC able to invent philosophy and tragedy? In this book Richard Seaford argues that a large part of the answer can be found in another momentous development, the invention and rapid spread of coinage which produced the ...

Central banking in the modern world

alternative perspectives

Monetarism is dead! Central bankers are all Wicksellians now! They target low inflation rates, with no regard to monetary aggregates whatsoever, by acting upon short-term real rates of interest. This is the New Consensus in monetary economics, or simply the New Keynesian Synthesis. Yet, this ...

Monetary orders

ambiguous economics, ubiquitous politics

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 ...

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 ...

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 ...

Rapport moral sur l'argent dans le monde en 2001

enjeux d'une économie mondialisée. Grands dossiers d'ethique financière. Lutte conre la délinquance financière. Equité dans la politique économique et sociale