The collapse of Barings' Bank was a commercial catastrophe that resonated worldwide, showing what kind of secrets can lie behind an apparently successful organization. Following Nick Leeson's arrest and subsequent conviction for fraud, investment banks anxiously reviewed their risk management controls to make sure that it could never happen again.
Helga Drummond's exploration is conducted against a backdrop of social and psychological theories of decision error that seeks to go beyond media style accusations of greed and incompetence. She challenges the myth that Barings 'must have...
The collapse of Barings' Bank was a commercial catastrophe that resonated worldwide, showing what kind of secrets can lie behind an apparently succ...
This book answers some challenging questions in monetary growth theory within a compact theoretical framework. The author succeeds in integrating the theory of money, the theory of value and the theory of growth. The book re-examines many important ideas in modern monetary economics within a single analytical framework. It is concerned not only with traditional one-sector growth models of a homogeneous population with endogenous capital and knowledge, but also with multi-sector models, economies with heterogeneous households, and economies with urban structures, interregional interactions...
This book answers some challenging questions in monetary growth theory within a compact theoretical framework. The author succeeds in integrating t...
Adapting to the demands of financial globalization is one of the most pressing preoccupations of bankers, financial institutions and financial authorities. Many aspects of this issue are addressed in this volume, based on a colloquim held in Vienna in April 2000 by the Societe Universitaire Europeene de Recherches Financiere (SUERF) jointly with the Austrian National Bank. Individual chapters, written by academics, central bankers and market professionals, focus on the strategic implications of global pressures which are tending to eradicate the previously clear boundaries of time, distance,...
Adapting to the demands of financial globalization is one of the most pressing preoccupations of bankers, financial institutions and financial authori...
In this book Miroslav Beblavy, who has been involved in policy-making at the highest level in his country, offers a detailed study of monetary policy and monetary institutions in the Czech Republic, Hungary, Poland and Slovakia during the 1990s and the early 2000s and a more general look at monetary policy in less developed, but highly open and financially integrated market economies.
Taking an innovative approach, this text focuses on a range of areas where few articles or books have been published and where very little empirical research has been undertaken, covers the topics of...
In this book Miroslav Beblavy, who has been involved in policy-making at the highest level in his country, offers a detailed study of monetary poli...
The Basel Accord - now commonly referred to as "Basel I" - has exerted a profound influence on international financial politics and domestic prudential financial sector regulatory policy yet great controversy has always surrounded the Accord's impact on the safety and competitiveness of the world's largest financial institutions and the evolution of trans-national regulatory convergence.
The author provides a comprehensive examination of the impact of the 1988 Basel Accord on the capital adequacy regulations of developed economies. The study seeks to understand if the...
The Basel Accord - now commonly referred to as "Basel I" - has exerted a profound influence on international financial politics and domestic pruden...
The financial instability and its spillover to the real sector have become a great challenge to macro-economic theory. The book takes a Keynesian theoretical perspective, representing an attempt to revive what Keynes stressed in his General Theory, namely the role of the financial market in macroeconomic outcomes. Although this book is inspired and motivated by the Asian currency and financial crises in the years 1997-8 and the experiences of the currently evolving U.S. financial disruptions, it also focuses on reviving a modeling tradition that provides a theoretical framework...
The financial instability and its spillover to the real sector have become a great challenge to macro-economic theory. The book takes a Keynesian t...
In this text Tymoigne argues that financial stability should be the sole goal of central banks and suggests an alternative to the inflation targeting framework showing how interest-rate policy can help to solve some of the problems faced by central bankers.
In this text Tymoigne argues that financial stability should be the sole goal of central banks and suggests an alternative to the inflation targeting ...
These essays bring together a progression in monetary theory. The major theme that runs through all of the chapters is that in order to do monetary economics well in general equilibrium, it helps to have a good money demand underlying the theory.
These essays bring together a progression in monetary theory. The major theme that runs through all of the chapters is that in order to do monetary ec...
Since the 1950s, there have been fundamental changes in the monetary order and financial systems, in our understanding of the effects of monetary policy, the best goals and the appropriate institutional setting of central banks. Economists and bankers give their views on developments during this period. Based on a conference celebrating the 50th anniversary of the Deutsche Bundesbank.
Since the 1950s, there have been fundamental changes in the monetary order and financial systems, in our understanding of the effects of monetary poli...
The activities of central banks are relevant to everyone in society. This book starts by considering how and why in general central banks evolved and specifically the special aspects of the contribution of the Northern European Central Banking Tradition. With that foundation, the book will then turn to a series of contemporary themes. Firstly, this book looks at independence, how central banks can actually influence their respective economies, goals, responsibilities and governance.
This collection of papers, formulated from the joint conference of the Bank of Finland and...
The activities of central banks are relevant to everyone in society. This book starts by considering how and why in general central banks evolved a...