This series explores the roles of money and banking in the modern world. Banking is an increasingly important and international industry, and its interaction with money is a major concern for the world's economic policy-makers.
By Franz Flögel
July 19, 2018
In response to the credit crunch during the global financial crisis of 2007–2008, many have called for the re-establishment of regional banks in the UK and elsewhere. In this context, Germany’s regional banking system, with its more than 1,400 small and regional savings banks and cooperative banks,...
By Wassim Shahin, Elias El-Achkar
July 24, 2018
The 21st century witnessed major changes in the financial environment surrounding bank regulators and banks. Banking and Monetary Policies in a Changing Financial Environment delves into three of these developments and challenges. The first change in the financial environment relates to the rise ...
By Nicolás Cachanosky
June 18, 2018
This book examines the case of nominal income targeting as a monetary policy rule. In recent years the most well-known nominal income targeting rule has been NGDP (level) Targeting, associated with a group of economists referred to as market monetarists (Scott Sumner, David Beckworth, and Lars...
By Jean Cartelier
April 20, 2018
Money and payments are familiar to everybody. Economists however are often at a loss in assessing the extent to which money matters. As a matter of fact, money is at the origin of the main cleavage in economic theory. Beyond sophisticated models what is at stake is whether money is just an ...
Edited
By Juan E. Castañeda, David Mayes, Geoffrey Wood
January 24, 2018
Recent failures and rescues of large banks have resulted in colossal costs to society. In wake of such turmoil a new banking union must enable better supervision, pre-emptive coordinated action and taxpayer protection. While these aims are meritorious they will be difficult to achieve. This book ...
Edited
By Jacob Bikker
December 01, 2017
Pension fund benefits are crucial for pensioners’ welfare and pension fund savings have accumulated to huge amounts, covering a major part of world-wide institutional investments. However, the literature on pension fund economics and finance is rather limited, caused, in part, to limited data ...
By Christopher Warburton
August 25, 2017
The Development of International Monetary Policy traces the development of international monetary policy from mercantilism to quantitative easing. It has been structured to present some of the pressing issues in international monetary relations involving currency valuation, inflation, exchange ...
Edited
By Valérie Boussard
July 11, 2017
In the collective psyche, a financier is a capitalist. In managerial capitalism, the notion of the ‘manager’ emerged, and the role of the manager was distinct from the role of the ‘owner’. Financial capitalism is similarly underpinned by financiers who are not the holders of the financial assets ...
By Dirk H. Ehnts
June 16, 2017
This book provides a new methodological approach to money and macroeconomics. Realizing that the abstract equilibrium models lacked descriptions of fundamental issues of a modern monetary economy, the focus of this book lies on the (stylized) balance sheets of the main actors. Money, after all, is ...
By Hasse Ekstedt
June 16, 2017
We have experienced an era of extreme anti-inflationary policy combined with debts and deficits, the result of which has been a decrease in social stability. This book examines how using mainstream theory as the basis for economic decisions leads to misunderstandings of central concepts of our ...
By Chia-Ying Chang
April 21, 2017
The increasing capital flows in the emerging markets and developed countries have raised various concerns worldwide. One main concern is the impact of the sharp decline of capital flows – so-called sudden stops – on financial markets and the stability of banking systems and the economy. The sudden ...
Edited
By Yasushi Suzuki, Mohammad Dulal Miah, Manjula K. Wanniarachchige, S.M. Sohrab Uddin
April 07, 2017
A stable and sound financial system plays a critical role in mediating funds from surplus units to investors, making it a prerequisite for economic development. Financial intermediaries have been vulnerable to adverse changes in the local and global economy and experienced frequent bubble-and-bust ...