EMU and Public Debt Management (CEPR Policy Paper, #3)
by Alessandro Missale, Carlo Favero, and Gustavo Piga
This paper discusses changes in public debt management under economic and monetary union (EMU) and its implications for monetary policy. With the advent of EMU, government securities have been redenominated in euros. The speculative demand and the demand for portfolio diversification related to exchange rate variation have disappeared. Common euro denomination has made liquidity and default-risk the distinguishing dimensions of government securities issued by EMU member states.
Beyond Conventional Economics: Selected Works Of E Ray Canterbery
Beyond Conventional Economics: Selected Works of E Ray Canterbery presents a collation of Canterbery's many contributions to economics. This volume marks the first time that his complete works have been presented, with the scope of the works ranging from microeconomics and macroeconomics to history of thought and methodology. If there is one theme that connects the contributions, it is Canterbery's long-abiding concern with the income and wealth distributions. They are front-and-center in his mi...
Breaking Up the Euro: The End of a Common Currency
by Professor Dimitris N Chorafas
The Psychology of Money
by Professor Michael Argyle and Professor of Psychology Adrian Furnham, Professor
Choice in Currency (Large Print Edition)
by Ivor F. Pearce, Harold B Rose, and Douglas Jay
An Historical Essay on the Livery Companies of London
by R J Cheeswright
Largely ignored for decades, the World Bank increasingly finds itself at the center of an international political maelstrom. Attacked by the Right as the last bastion of socialism and by the Left as an instrument of economic imperialism, the Bank has struggled to adapt to a changing post-Cold War era. Still the world's leading development institution in terms of size and influence, the International Bank for Reconstruction and Development's failure to articulate and implement a convincing strate...
Book-Keeping by Single and Double-Entry: With an Appendix Containing Explanations of Mercantile Terms and Transactions (Classic Reprint)
by W Inglis
International Debt: Economic, Financial, Monetary, Political and Regulatory Aspects
As environmental issues move to the centre of the political debate, more attention is being focused on the role our economy has played in creating the ecological crisis, and what a sustainable economy might look like. In spite of the success of the environmental movement in drawing attention to the crisis facing us, there has been comparatively little attention focused on the way the operation of the global economy contributes to this crisis. Environment and Economy provides a stimulating intro...
Connect 1-Semester Access Card for Money, Banking and Financial Markets
by Stephen Cecchetti
EMU and Portfolio Adjustment (CEPR Policy Paper, #5)
by Michael R. Wickens, Jean-Pierre Danthine, Rony Hamaui, Laura Bottazzi, Andreas M. Fischer, Kpate Adjaoute, and Richard Portes
The advent of the euro is a significant event for portfolio managers, both within and outside the monetary union. The euro will affect portfolio decisions through a variety of channels and the emergence of a single currency marks the disappearance of explicit and psychological barriers to international investing. The set of investment opportunities qualifying as 'domestic' is expanding, while the need for diversification across currencies must now be met by an increased demand for assets which a...
Koordinationsprobleme in Einer Geldwirtschaft (Europaeische Hochschulschriften / European University Studie, #1016)
by Horst Reichert
Keynesianer bestreiten, dass man anhand der neoklassischen Theorie die immer wieder zu beobachtende hohe Arbeitslosigkeit erklaren kann; sie wollen die neoklassische Okonomie durch eine auf wirklichkeitsnaheren Bedingungen beruhende und deshalb aussagekraftigere Theorie ersetzen. In dieser Arbeit wird untersucht, inwieweit mit modernen keynesianischen Ansatzen letztlich (unfreiwillige) Arbeitslosigkeit uberzeugend begrundet werden kann. Dabei spannt sich der Bogen von Leijonhufvuds Konzept rigid...
The devastating impacts of the recent global financial crisis underscore the need for both financial institutions and banking supervision to develop more appropriate credit risk models to ensure the stability of the financial system. This work contributes to quantitative credit portfolio risk modeling in three ways. First, it introduces a general credit portfolio modeling concept that comprises specific credit risk management models as special cases. Second, analytical techniques are presented f...
Central African Economic and Monetary Community (Cemac)
by International Monetary Fund Afri Dept
An Historical Sketch of the Paper Money Issued by Pennsylvania
by Henry Phillips