The book analyses the establishment of De Nederlandsche Bank and its early development as a case study to test competing theories on the historical development of central banking. It is shown that the establishment of DNB can be explained by both the fiscal theory and the financial stability theory. Later development makes clear that the financial stability role of DNB prevailed. DNB´s bank no…
This book provides an analysis of the global monetary system and the necessary reforms that it should undergo to play an active role in the twenty-first century. As its title indicates, its basic diagnosis is that it is an ad hoc framework rather than a coherent system—a ‘non-system’—which evolved after the breakdown of the original Bretton Woods arrangement in the early 1970s. The book…
Asian Megatrends assesses the key drivers impacting Asia over the next two decades. The rise of China is transforming the Asia-Pacific, as China’s economic and military might increasingly reverberates throughout the region. India and Indonesia are also rising Asian powers that are changing the shape of the Asian economic landscape. The rapid growth of emerging Asian consumer markets is becomi…
This book presents a series of interviews with Hartmut Elsenhans on his wide-ranging theories and their policy implications. Serving as a compilation of his distilled thoughts, we discuss with him his unique world economic theory, his theorisation of social movements, his work on overcoming underdevelopment, and much more.
This book mainly focuses on the status, trends and countermeasures of carrying capacity in the Beijing-Tianjin-Hebei metropolitan region. It presents the results a comprehensive survey and systematic research on the carrying capacity of this region and its mega-cities, conducted in the hope of providing decision-making support for the governments of this region. The primary goals are to be able…
Religious Resistance to Neoliberalism offers compelling and intersectional religious critiques of neoliberalism. Neoliberalism is the normative rationality of contemporary global capitalism that orders people to live by the generalized principle of competition in all social spheres of life. Keri Day asserts that neoliberalism and its moral orientations consequently breed radical distrust, lovel…
This volume explores the professional ethics of addresses the varied ethical needs of the professional economists and public policy professionals. Using terms and methods familiar to the reader, the book goes beyond the typical narrative of economics and morality to walk the professional through the process of ethical decision-making. Designed to be easy to navigate and applicable to everyday…
Lukas Heim evaluates the performance of a price-level targeting rule compared to that of a standard inflation targeting rule. The comparison is based on a medium-scale DSGE model which has been estimated based on state-of-the-art Bayesian methods. The model for the Swiss economy is an expanded version of the framework proposed by Galì and Monacelli (2005) as well as Monacelli (2005). It is enr…
Examining the implications of recent important developments, the primary aim of this book is to bridge the gaps in existing literature on India-Pakistan economic engagement and to examine various aspects of the trade normalization process. The book includes familiar themes of India-Pakistan bilateral trade in goods and services, providing new insights into the potential for trade and the cha…
Philip Ernstberger analyses in his three essays different topics of financial pathologies. Thereby, changes in fundamentals as well as information are considered as the driving force for the behavior of speculators and investors. The first essay deals with currency crises, in which the central bank, through setting the interest rate, steers the economy and defends against speculators. The secon…