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Examines the evolution of Western European economies through the lens the recurring scarcity and depreciation of small change. This book tells the story of how monetary technologies, doctrines, and practices evolved from 1300 to 1850; of how the 'standard formula' was devised to address the dilemma without causing inflation.

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The major interconnections between money, credit-creating potential of central banks, and fiscal/deficit potential of government are emphasized. The principal central banks considered are the Bank of England, Federal Reserve, and Bundesbank.

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Analyzes recent economic performance in the Commonwealth Caribbean by examining the IMF/World Bank Structural Adjustment package and its relation to the deteriorating economic and social conditions in this part of the world.

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The new Political Economy, which in 1815 captured the attention of a country exhausted by war and drained by economic crisis, was to have profound effects on British and, indeed, the Western world's economic and political life for more than a hundred years.

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Presents an analysis of the rise and fall of US inflation after 1960. This book examines two explanations for the behavior of inflation and unemployment in this period: the natural-rate hypothesis joined to the Lucas critique and a more traditional econometric policy evaluation modified to include adaptive expectations and learning.

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In this collection, nine scholars present original research on the historical development of money and credit during the nineteenth and twentieth centuries and explore the social and cultural significance of financial phenomena from a global perspective. Chapters emphasize the...

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This book contends that central bank policy pits the Federal Reserve against consumers, creating business cycles and inflation.

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An analysis of the strength of the dollar, the role of the dollar and other alternatives as international money, the U.S. as an international capital market, and the past and future relationships between financial policy and foreign relations.

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This volume provides an up-to-date account of how the process of economic transition in Eastern Europe is unfolding from the point of view of Eastern European economists assessing their native economies.

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A systematic treatment of the economic elements that determine the need for R&D policies.

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(Hardback, 2nd Revised edition)

A comprehensive introductory resource with entries covering the development of money and the functions and dysfunctions of the monetary and financial system.

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This volume presents a theoretical and empirical study of the relationship between entrepreneurship and the process of long-term regional change. The author identifies five major innovative entrepreneurial roles and their historical antecedents. He then explores the macro effects of these roles.

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Offers an alternative view of the workings of foreign exchange markets. This title explains why large exchange-rate changes and volatility clustering occur. It analyzes the effects of official interventions in the foreign exchange market. It is suitable for analysts in foreign exchange markets and students of international finance and economics.

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This volume integrates financial theory, particularly financial contracting theory, into macroeconomics. Dr. Krainer takes an unconventional approach to the subject of financial institutions and markets: by applying financial theory to macroeconomic topics, he portrays a different view of how the financial system interacts with the economy.

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Is globalization leading us toward a world of fewer and fewer currencies and, consequently, simplified monetary management This book argues that this view is wrong. It demonstrates that the global population of currencies is set to expand greatly, not contract, making monetary governance more difficult, not less.

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There is no such thing as money: it is only an agreement of society to use something as a medium of exchange. The author argues that this agreement is being placed under huge strain by a range of social and political issues, and suggests solutions.

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Tsaliki contrasts the 1950-1973 period, in which the growth of output was equally attributable to total input factor and output per unit, with the 1973-1985 period, in which growth of productivity became negative, and the contribution of capital diminished significantly while that of labor reached record high levels.

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A wonderful new book, Milanovic, who has made international inequality his lifes work, shows, with devastating logic, just how far we still have to go.', Globe and Mail (Toronto)