Monetary integration and dollarization

No Panacea

This book deals with the economic consequences of monetary integration, which has long been dominated by the Optimal Currency Area (OCA) paradigm. In this model, money is perceived as having developed from a private sector cost minimization process to facilitate transactions. Not surprisingly, the book ...

Money, bank credit, and economic cycles

Can the market fully manage the money and banking sector? Jesús Huerta de Soto, professor of economics at the Universidad Rey Juan Carlos, Madrid, has made history with this mammoth and exciting treatise that it has and can again, without inflation, without business cycles, and ...

La Banca Centrale Europea

Nata nel 1998, dopo un lungo lavoro di preparazione e sancita formalmente nel Trattato di Maastricht, la Banca centrale europea è un organo indipendente e sovranazionale che ha lo straordinario potere di creare moneta e stabilire il tasso al quale questa viene data e presa ...

A handbook of alternative monetary economics

This major new Handbook consists of over 30 major contributions that explore the full range of exciting and interesting work on money and finance, currently taking place within heterodox economics. There are many themes and facets of alternative monetary and financial economics but two major ...

The European Central Bank

the new european leviathan?

The European Central Bank

credibility, transparency, and centralization

The adoption of the euro in 1999 by 11 member states of the European Union created a single currency area second in economic size only to the United States. The euro zone's monetary policy is now set by the European Central Bank (ECB) and ...

Central banking in Eastern Europe

This book, written by a multinational team of experts, explores the changing face of central banking in Eastern Europe in the light of modern macroeconomic thinking, providing important and novel insights into the design of monetary policy institutions. With its authoritative content, this book will ...

Money matters

essays in honour of Alan Walters

As a tribute to the exceptional contribution of Alan Walters to montary theory and plicy, this book draws together a distinguished cast of international contributors to write about money. In a series of essays they review controversies in monetary economics, and debate current policy issues ...

Reshaping economic and monetary union

membership rules and budget policies in Germany, France and Spain

Following Maastricht national governments found themselves pushed into distinctive roles, as promoters, gatekeepers, reformers and defectors, as voter preferences and central bank powers combined in different ways to create clear incentives for politicians. These roles explain the push from certain countries for specific changes to ...

Monetary Unions and hard pegs

effects on trade, financial development, and stability

Eds. Volbert Alexander, Jacques Mélitz, George M. Von Furstenberg This book analyses formal approaches to overcoming monetary divisions within countries and within integrating regions, focusing on the consequences of monetary union for trade among union members and their financial development and stability ÍNDICE:PART I ...

Monetary policy implementation

theory-past-present

The first of its kind, this book is entirely dedicated to the implementation of monetary policy: how central banks go about achieving their monetary policy targets. Monetary policy implementation has gone through tremendous changes over the last twenty years, which have witnessed the quiet end ...

El Banco Central Europeo y el sistema europeo de bancos centrales

régimen jurídico de la autoridad monetaria de la Comunidad Europea

L'età delle banche centrali

forme e governo della moneta fiduciaria in una prospecttiva istituzionalista

Qual è il ruolo delle banche centrali, e come è andato evolvendosi negli oltre due secoli della loro esistenza? E quale logica evolutiva ha condotto ad attribuire loro una generalità di funzioni: istituto di emissione, prestatore di ultima istanza, responsabile della politica monetaria, gestore del ...

Il mercato monetario e la banca centrale

liquidità bancaria, politica monetaria, sistemi di pagamento

Il mercato monetario rappresenta il punto d'incontro tra la gestione della liquidità bancaria e la politica monetaria: da un lato, consente agli intermediari di ridistribuire la liquidità, contribuendo così al loro equilibrio finanziario; dall'altro, costituisce l'ambito di realizzazione della politica monetaria e ...

Lezioni di economia monetaria

La seconda edizione delle Lezioni di Economia Monetaria appare a due anni di distanza dalla prima e include alcuni importanti aggiornamenti istituzionali sulle strategie di politica monetaria, le procedure operative, la struttura e la governance della Federal Reserve e della Banca Centrale Europea. Nel complesso ...

How monetary policy works

For monetary policymakers worldwide, developing a practical understanding of how monetary policy transmits to the economy is a day-to-day challenge. The data such policymakers have is imperfect, the maps they use are continually redrawn. With such uncertainty, understanding this complicated issue is rarely straightforward. This ...

Modern theories of money

The nature and role of money in capitalist economics

Central banking, monetary theory and practice

essays in honour of Charles Goodhart.Volume 1

Celebrating the contribution that Charles Goodhart has made to monetary economics and policy, this compendium of original papers draws together a highly respected group of international academics, central bankers and financial market regulators covering a broad range of issues in modern monetary economics. Topics discussed ...

Monetary history, exchange rates and financial markets

essays in honour of Charles Goodhart.Volume 2

"Monetary History, Exchange Rates and Financial Markets" is a collection of original papers in honour of Charles Goodhart's outstanding contribution to monetary economics and policy. Its contributors - eminent international academics, central bankers and financial market regulators - provide an insight into an extensive set of ...

La Banca Centrale Europea

gli aspetti istituzionali della banca centrale della Comunità Europea