Titlebook: Issues in Finance and Monetary Policy; John McCombie (Director of the Centre for Economic Book 2007 Palgrave Macmillan, a division of Macm

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onsequenzen des Rückgangs so genannter Normalarbeit, das heisst im Wesentlichen dauerhafter Vollzeitbesch?ftigung, zum Ausdruck gebracht wurde.. Nach dem Kommissionsbericht zeichnet sich in Deutschland eine dramatische Entwicklung ab, die bereits in den 1970er Jahren begonnen hatte. Als Diagnose und

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Introduction,omies. Nevertheless, there exists among economists, and will probably continue to exist, a fierce debate over monetary relationships. Monetarists placed money as a central determinant of economic activity, at least in the short run, while Keynesians had already rejected the classical neutrality axio

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Strong Uncertainty and How to Cope with it to Improve Action and Capacity,h, development and prosperity. In fact, classical economic theory in its nineteenth- and early twentieth-century version and its modern Walras-Arrow-Debreu interpretation that is the foundation of twenty-first century mainstream economic theory can ‘demonstrate’ that free market capitalism is the mo

LAVE

Inflation Targeting: Assessing the Evidence, significant number of countries adopted this strategy, and the number is growing. For example, Sterne (2002) suggests that 54 countries pursued one form or another of IT by 1998, compared with only six in 1990. A more recent study (IMF, 2005) suggests that 21 countries (8 developed and 13 emerging)

跑過(guò)

Transparency versus Openness in Monetary Policy,red as being desirable by proponents of what may be termed the ‘credibility strategy’ (see, for example, Kydland and Prescott, 1977; Svensson, 1997). In the credibility strategy, transparency is seen as the most efficient solution to the major problem facing the effective implementation of monetary

Lethargic

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Credibility of Interest Rate Policies in Eight European Monetary System Countries: An Application oice stability, in some member countries of the EMS throughout its life (i.e., 1979–98). Eight countries are examined for this purpose: Austria, Belgium, Finland, France, Italy, the Netherlands, Portugal and Spain. In addition, Germany is used as a benchmark case.. A number of other studies have inve

Vulnerable

Concentration versus Efficiency and Financial Liberalization in Latin American Banking,ing countries. In Latin America, banking sectors have experienced an accelerated process of consolidation. Enhanced consolidation has been accompanied by a significant increase in the degree of market concentration in the banking industry. A direct effect of such measures has been the inflow of fore

enflame

The Role of Financial Institutions in the Context of Economic Development, countries was very different from the one they play in developing countries. In developed countries financial institutions largely emerged within the process of industrialization. The process of industrialization increased the demand for finance, and many entrepreneurs recognized that there was an