Current Issues in Monetary Economics
Helmut Wagner University of Hagen, Feithstr. 140, D - 58084 Hagen In the last few years decisive methodological and thematic focal points which are important for practical economic policy have been developed in the theory of monetary and exchange rate policy. This book is concerned with these develo...
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| Format: | eBook |
| Language: | English |
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Heidelberg
Physica-Verlag HD
1998, 1998
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| Edition: | 1st ed. 1998 |
| Series: | Contributions to Economics
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| Online Access: | |
| Collection: | Springer Book Archives -2004 - Collection details see MPG.ReNa |
Table of Contents:
- Monetary Policy: Recent Theory and Practice
- I: Central Bank Design
- 1. Game Theoretic Analysis of Monetary Policy Institutions
- Mechanism Design for Central Banks — Results and Unsolved Issues
- Comment
- 2. Outline of Two Controversial Positions on Central Bank Autonomy
- Central Bank Autonomy and Political Decision Process
- For a Monetary Policy that is Independent, yet Subject to Rules
- II: Monetary Policies: Strategies and Implementation
- 3. Theoretical Considerations on Strategies in Monetary Policy
- Monetary Policy Strategies: From Rules to Central Bank Contracts under Contingent Target Agreements
- Comment
- 4. Conceptual Problems of Monetary Policy
- Central Bank Policy Rules: Conceptual Issues and Practical Considerations
- Implementation Problems of Monetary Policy Strategy
- Comment
- III: Theoretical Aspects of Exchange Rate Policy and Monetary Union
- 5. Problems of Flexible and Fixed Exchange Rates
- Controversies on Exchange Rate Systems
- Comment
- 6. Approaching European Monetary Union: On Conversion Rates
- The Indeterminacy of the Euro Conversion Rates. Why It Matters and How It Can Be Solved
- Comment
- IV: Monetary and Exchange Rate Policy in Developing and Transition Countries: Selected Issues
- 7. Some Explanation on Recent Currency Crises
- Issues in Monetary and Exchange Rate Policy of Developing Countries
- 8. Monetary System Design: On Currency Boards
- Towards a General Theory of a Currency Board System
- Comment
- Conclusion and Supplements
- Notes on Contributors