Money in an Open Economy: Selected Papers on Monetary Policy, Monetary Analysis and Central Banking

ISBN-13: 9781468469448 / Angielski / Miękka / 2012 / 426 str.

M. W. Holtrop

Opis

The end of the Second World War marked the beginning of a new era in the history of the Nederlandsche Bank. The change was clearly reflected in the revision of the Bank Act in 1948 and the take-over of the Bank's share capital by the Government in the same year. The revised Bank Act stresses the importance of the Bank's monetary duties, which are 'to regulate the value of the Netherlands monetary unit in such a way as is deemed most conducive to the welfare of the country, and therewith to stabilize that value as far as possible' a truly Herculean task, particularly in the turbulent years following the war. However ceremonious the language used in formulating these duties, their meaningful performance required a dynamic leader. It was Dr. Marius W. Holtrop who shouldered the task. From his appointment to the day of his retirement he devoted himself to the implementation of monetary policy. But he also went beyond the confines of his immediate duties in that he gave much attention to laying the theoretical foundations for such a policy.

Spis treści

Dr. M. W. Holtrop, The Nederlandsche Bank, and the Monetary Model.- Dr. M. W. Holtrop, The Nederlandsche Bank, and the Monetary Model.- Monetary Analysis and Monetary Policy.- Monetary Analysis and Monetary Policy.- Management.- Summary of the President’s Address Delivered at the Meeting of the Bank Council on November 23, 1948.- Monetary Equilibrium and the Balance of Payments Deficit.- Monetary Theory and Analysis.- The Criterion for Locating Monetary Disturbances.- Interpretation of Monetary Phenomena.- The Method of Monetary Analysis used by the Nederlandsche Bank.- Memorandum of Evidence Submitted to the Radcliffe Committee.- Minutes of Evidence Taken Before the Radcliffe Committee.- The Relative Responsibilities of Governments and Central Banks in Controlling Inflation.- Monetary Policy in an Open Economy: Its Objectives, Instruments, Limitations and Dilemmas.- On the Effectiveness of Monetary Policy: The Experience of the Netherlands in the Years 1954–1969.- Integration and International Monetary Problems.- Monetary Aspects of Economic Integration.- Is a Common Central Bank Policy Necessary within a United Europe?.- Monetary Problems in Benelux and the EEC.- The Value of Money and the International Monetary System.- Central Banking and Economic Integration.- The Balance-of-Payments Adjustment Process, its Asymmetry, and Possible Consequences for the International Payments-System.