Government Policies and the Working of Financial Systems in Industrialized Countries

ISBN-13: 9789400962064 / Angielski / Miękka / 2011 / 432 str.

F. Leonard de Juvigny;D. E. Fair

Opis

The papers collected in this volume are those presented at the eleventh Colloquium arranged by the Societe Universitaire Europeenne de Recherches Financieres (SUERF) which took place in Madrid in October 1983. The Society is supported by a large number of central banks, commercial banks and other financial and business institutions, by treasury officials and by academics and others interested in monetary and financial problems. Since its establishment in 1963 it has developed as a forum for the exchange of informa tion, research results and ideas, valued by academics and practitioners in these fields, including central bank officials and civil servants responsible for formulat ing and applying monetary and financial policies. A major activity of SUERF is to organize and conduct Colloquia on sub jects of topical interest to members. The titles, places and dates of previous Col loquia for which volumes of the collected Papers were published are noted on the last page of this volume. Volumes were not produced for Colloquia held at Tarra gona, Spain in October 1970 under the title "Monetary Policy and New Develop ments in Banking" and at Strasbourg, France in January 1972 under the title "Aspects of European Monetary Union.""

Spis treści

A Opening Addresses.- I Introduction.- French version.- II Government Policies and the Working of Financial Systems in Industrialized Countries.- III Financial Policy at the Crossroads.- IV Does Ample Money Creation Stimulate Recovery?.- B Large and Persisting Public Sector Deficits: Short-Term Demand Thrust and Long-Term Policy Implications.- V Public Sector Deficits, Money Supply, Interest Rates and Saving Behaviour.- VI The Crowding Out Debate — the German View.- VII Large and Persisting Public Sector Deficits: Short-term Demand Thrust and Long-term Policy Implications.- VIII Un Réexamen de Quelques Questions Traditionnelles Appliqué au Cas des Déficits Publics en France.- C Size and Composition of The Public Sector Budget: Implications for Private Sector Finances.- IX Le Financement du Secteur Public et du Secteur Privé.- X On the Rationale and Implications of Constraints on the Choices of Deposit-taking Financial Intermediaries.- XI The “Crowding Out” of Financial Intermediaries.- XII Size and Composition of the Public Sector Budget: Implications for Private Sector Finances.- D Debt Management, Financial Regulations and Monetary Policy.- XIII Budget Deficits, Monetary Growth and Financial “Crowding Out”.- XIV Innovations Financières, Politique Monétaire et Financement de Déficits Publics.- XV Debt Management, Financial Regulations and Monetary Policy.- XVI The Maturity Structure of the Belgian Government Debt: Causes and Possible Solutions.- XVII Real Rates of Interest and Public Sector Deficits: an Empirical Investigation.- E Are Fiscal and Monetary Policies Independent Instruments?.- XVIII Tax Policy and Monetary Instruments.- XIX Government Deficits, Interest Rates and Monetary Policy.- XX Financial Aspects of Government Debt Sales in the UK.- XXI Are Fiscal and Monetary Policies Independent Instruments? The Spanish Experience.- F Report on the Colloquium.- XXII Final Report.- G Appendix.- Statistical Background Material.