Central Bank reserve management

new trends, from liquidity to return

This book addresses the welfare gains and costs of accumulating foreign exchange reserves and the implications for the functioning of the global financial system. The tremendous growth of central bank reserves has led to an increased focus on raising returns in addition to the traditional ...

Gold

the once and future money

This is a fresh look at the most important investment trend of the early 21st century. Many view the current bull market in gold as a flash in the pan, doomed to fizzle. "Au contraire," say bestselling author Addison Wiggin and award winning analyst Justice ...

The Euro and the dollar in a globalized economy

The dollar has been the dominant currency of the world economy for almost a century; since 2002, the euro has gained widespread international acceptance resulting in important institutional, economic and financial changes both for the euro zone, the United States and the world economies, affecting ...

Methods for applied macroeconomic research

The last twenty years have witnessed tremendous advances in the mathematical, statistical, and computational tools available to applied macroeconomists. This rapidly evolving field has redefined how researchers test models and validate theories. Yet until now there has been no textbook that unites the latest methods ...

Monetary integration in Europe

The European Economic and Monetary Union comprises twelve member states and forms a currency area of considerable size and, until now, remarkable stability. Still, however, discussion is going on whether it can survive as an institution providing the highest degree of monetary integration which is ...

The demand for money

theoretical and empirical approach

This book provides an account of the existing literature on the demand for money. It shows how the money demand function fits into static and dynamic macroeconomic analyses and discusses the problem of the definition (aggregation) of money. Professor Serletis takes a microeconomic- and aggregation-theoretic ...

Regaining Europe

an Economic Agenda for the 21st Century

The international economist Professor George Irvin argues that if the Euro is to survive, it needs to be run in a more sophisticated and flexible manner. Irvin believes that when the governing structures of the Euro were set up in the early 1990s, European governments ...

The role of policymakers in business cycle fluctuations

The book's central theme is that a policymaker's role is to enhance the public's ability to co-ordinate their price information, price expectations, and economic activities. This role is fulfilled when policymakers maintain inflation stability. Inflation persists less when an implicit or explicit ...

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 ...

Monetary and wage policies in the Euro area

This book studies the interactions between monetary and wage policies in the euro area. 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 European central bank, the American central ...

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 ...

New trends in macroeconomics

"This volume does exactly what its title says: it acquaints with 'New Trends in Macroeconomics'. More specifically, it contains eleven chapters covering different aspects of modern macroeconomics: short-run fluctuations, long-run growth, monetary economics, international finance, macroeconometrics and complex dynamics. All chapters break new grounds in ...

La lunga via per l'euro

L'économie postkeynésienne

Unión monetaria europea y disparidades regionales en España

NBER Macroeconomics Annual 2004

Credit, intermediation, and the macroeconomy

readings and perspectives in modern financial theory

This combination of explanatory discussion by leading financial economists and centrally important journal articles provides comprehensive and coherent coverage of the major issues in financial theory. It will help students to understand the functioning of the financial sector and the intermediary institutions that comprise it ...

The price of the Euro

This volume presents a critical examination of the EMU from different perspectives. It includes essays on the political economy of currency unions, on the Growth and Stability pact, the European Central Bank, an evaluation of the first four years of the EMU, and the costs ...

NBER Macroeconomics Annual 2003

The NBER Macroeconomics Annual presents pioneering work in macroeconomics by leading academic researchers to an audience of public policymakers and the academic community. Each commissioned paper is followed by comments and discussion. This year's edition provides a mix of cutting-edge research and policy analysis ...

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