Macroeconomics category: 2722 books

This book shows how international policy cooperation can be beneficial even in the absence of strong real transmission channels between countries. “Cooperation for learning”, the approach to cooperation we present, works by allowing policymakers to exchange experiences and jointly learn how to address regular common policymaking challenges posed by different types of uncertainty.

This book presents an in-depth appreciation of key topics related to the behaviour of financial institutions in the crisis and stresses areas of major research interest. It covers a selection of papers specialising ranging from the analysis of bank and stock market performance in the crisis, to other areas such as microinsurance and social lending.

The U.S., the U.K., and more recently, the E.U., have proposed policy measures directly targeting complexity and business structures of banks. Unlike other, price-based reforms (e.g., Basel 3 and G-SIFI surcharges), these proposals have been developed unilaterally with material differences in scope,...

This book analyses how the financial system adjusts to institutional changes such as new technology, political tendencies, cultural differences, new business models, and government interactions. It emphasises how different institutional settings affect firms' borrowing and increases our understanding of how efficient financial markets are formed.

The financial crisis prompted financial supervisors to take a critical look at their own performance. The "toolkit" available to supervisors is considerably more varied than it was a few years ago.  Supervision has become more forward-looking, taking into account also soft controls, such...

Studienarbeit aus dem Jahr 2005 im Fachbereich VWL - Geschichte, Note: 2,3, Universität Osnabrück, Veranstaltung: Nobelpreisträger, 10 Quellen im Literaturverzeichnis, Sprache: Deutsch, Abstract: John F. Nash war der Wegbereiter für die Theorie konkurrierender Spiel- oder Marktteilnehmer. 1 In...

This paper addresses analytical aspects of exchange rate policy and emphasizes the relationship among exchange rate flexibility, financial discipline, and international competitiveness.

Recent discussions of international monetary reform -- at the IMF and the G20 -- have emphasized the importance of increasing the financial depth of emerging markets. While deepening confers several benefits at the country level, it is also seen to enhance the stability of the international monetary...

Trade finance has long been an important component of international financial flows. Firms in emerging market economies, in particular, rely heavily on bank-financed trade credits to support their export and import activities. This book examines why and how much trade finance flows decline during financial...

This book, edited by Bruce J. Summers, makes a practical contribution to increased understanding of payment system design and management and of the relationship between the payment system and monetary policy. the authors of the 12 papers included in the book are central banking experts from around the...

The Pfandbrief, a mostly triple-A rated German bank debenture, has become the blueprint of many covered bond models in Europe and beyond. The Pfandbrief is collateralized by long-term assets such as property mortgages or public sector loans as stipulated in the Pfandbrief Act. With a history...

Following some historical background, this paper describes how corruption is manifested in Paraguay. The paper distinguishes between factors that explain the growth performance of Paraguay since 1960 (where corruption does not directly enter as a significant factor) and factors that explain the relative...

Financial crises are dramatic events. When they emerge, they tend to dominate the attention of the press and become the focus of policymakers. In one form or another, they have affected the lives of millions of people throughout the world. As references to 16th century Dutch tulips, 18th South Seas...

This paper presents the primary institutions and economic policies that have led to Chile’s remarkable record of stability and growth over the past twenty years. The core of this policy stance is the combination of fiscal discipline and an open trade policy regime, together with carefully sequenced...