Kategoria BISAC: Business & Economics >> Money & Monetary Policy

In his latest work, Macesich examines democracy and its economic counterpart, the free market, and the place of money (monetary and fiscal policy as controlled by the state bureaucracy) in such a system. DeTocqueville warned in the first half of the 19th century that democracy could falter as a consequence of citizens' diminished interest in restraining central authority. And now, there is evidence that vote-maximizing behavior of politicians and politically induced cycles in such key variables as inflation, unemployment, government transfers, taxes and monetary growth have become a...

Macesich's latest book argues that the poor performance of monetary policy can be attributed to the ease with which money slips into the political arena to become a singularly important political issue. Discretionary authority facilitates monetary manipulation for political ends, thereby increasing uncertainty and casting doubt on money, the monetary system, and indeed the monetary authority itself. The author traces the evolution of the debate over rules versus discretionary authority and discusses various methods that economists have proposed for constrain the monetary authority. If...

Radical change seems to be the only panacea for inefficient economies. This work takes a look at the financial system and its function in socialist central planning economies. It provides an explanation of the partial reforms in socialist economies from the 1950s to 1988. With Yugoslavia as the example, the work discusses financial and monetary reforms and adjustments in socialist economies. An explanation of monetary reform includes the changes in the role of financial intermediation and monetary policy goals, target and instruments, and methodological questions. General conclusions about...

In 1989 the post-Communist countries of Eastern Europe opened their economies by establishing more open exchange rate policies and exchange controls and eliminating prohibitive tariffs and quotas. Now trying to join the integrated world economy, they are facing the challenge of finding strategic alliances and attracting foreign capital. This book analyzes economic policy in Eastern Europe with a focus on the financial arrangement of currency boards. It examines the main challenges facing East European countries, their economic policy strategies, the main challenges to the economies that...

The third volume in Greenwood's "Handbook of Comparative Economic Policies," this volume provides an overview and comparison of monetary policies in the United States and the world's leading industrial, or G-7, countries. Although monetary policy is one of the most powerful and frequently used means of combating inflation and unemployment and of promoting long-term economic growth, there are many unresolved questions pertaining to the theory and practice of monetary policy. Moreover, in a world becoming increasingly interdependent, monetary policies in each industrial country have...

Federal Reserve monetary policy has a profound effect on the U.S. economy and consequently on investments. This unique book combines the institutional approach to monetary policy with the theories and principles involved in applying that knowledge to investing. Although there are many books on the Federal Reserve and a myriad of books on investing, this synthesis of institutional, theoretical, and practical applications is unique to the marketplace.

In part I, Laura Nowak reviews the political origins of the Federal Reserve and follows its growth into the powerful arbiter of U.S....

Budget deficits are features of over 80 percent of the countries in the world. This book analyzes the macroeconomic impacts of these deficits by taking the approach that their stabilization consequences depend largely on their effects on money supply. The book highlights and compares, between the developing and the industrial countries, the characteristics of revenue and expenditure, the various methods of financing budget deficits and their money supply implications, the stabilization consequences of deficit financing, and various issues of monetary control and liberalization of financial...

The euro has also been successful internationally. Even though research presented in this volume confirms that it has not rivaled the dollar's world currency...

Through an original and provocative critique of monetarism, Patnaik advances a revolutionary understanding of macroeconomics that highlights the "propertyist" position of Karl Marx and John Maynard Keynes....

The world is in political, social, spiritual, and economic chaos and it doesn't seem to be getting any better. The global economy teeters on the brink of collapse while social violence and chaos explodes on our ubiquitous screens. What's going on and, more importantly, what can we do about it?

The Rocket Scientists' Guide to Money and the Economy identifies the problem and tags the solution. In this book learn about money, debt, the globalized economy of accumulation, and how the Family is taking us all down a path of total global destruction. Learn how it all started, how...

This masterful book investigates and analyzes several aspects of money among the Yoruba of Nigeria. Falola and Adebayo explore the origin, philosophy, uses, politics, and problems of acquiring and spending money in Yoruba culture. No prior book exists on this aspect of a major ethnic group in Africa with established connections with the black Diaspora in North America and the Caribbean. Conceived so that each chapter may be read individually, the volume is divided into three parts. Part 1, "Money and Its Uses," focuses on the transition from barter to cowry currency, the idealistic and...