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Procyclicality of the financial system is a feature of any normally functioning economy. However, procyclicality can sometimes become 'excessive' leading to... Læs mere
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This volume provides a rigorous and balanced perspective on the causes and implications of dollarization, and the basic policies and options to deal with it:... Læs mere
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This book challenges the mainstream paradigm, based on the inter-temporal optimisation of welfare by individual... Læs mere
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This book examines how Japan should cope with fiscal challenges, as demands on the budget from an ageing... Læs mere
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Looks at the tumultuous history of the Euro, its status in global economics and politics, and the pressures that present enormous challenges for the... Læs mere
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Gives an introduction to the advanced topics in monetary economics. Accessible to students who have mastered the diagrammatic tools... Læs mere
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The rise of the renminbi and what it means for forex markets Chinese authorities have ambitious plans to... Læs mere
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At the dawn of this century, economics and economic growth was driven by industry. As we near the end of the century, money and the money markets are an industry unto... Læs mere
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This new book on monetary policy includes up to date examples on how it actually works in practice. Written by an industry leader, it reflects the modern approach to teaching monetary... Læs mere
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Considers the new global banking and financial systems which have become the subject of an unprecedented experiment involving new and unquantifiable risks. Based on up to the minute research, Dale offers a warning about structural faults at the heart of banking systems worldwide.
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This handbook provides practitioners with a collection of original ideas on foreign exchange rates, and provides the necessary background on relevant concepts, risks, and policies for working in today's international economic climate.