In most Keynesian-type macroeconomic models the financial sector is modelled in terms of money demand money supply and money market equilibrium. Market equations for existing physical capital or shares in capital are absent from these models on the tacit assumption t... Lees meer.

This book challenges the mainstream paradigm based on the inter-temporal optimisation of welfare by individual agents. It introduces a methodology for studying how it is institutions which create flows of income expenditure and production together with stocks of asset... Lees meer.

The Asian financial crisis in 1997 98 and the U.S sub-prime mortgage crisis in 2007 08 have led to billions in losses and panic in world financial markets a sharp fall in share prices and a contraction of credit markets. These events have raised further questions on th... Lees meer.

In the current environment of payments difficulties a principal role of the Fund remains the encouragement and support of timely adjustment policies of member countries.... Lees meer.

This book examined the impact of monetary policy on bank lending and investigated the importance of bank credit channel with the deregulation of the financial sector in Nigeria. It also considered the issue as to whether money or credit aggregate was the main cause of v... Lees meer.

... Lees meer.

This study first published in 1994 is intended to deepen the readers understanding of the phenomenon of equilibrium credit rationing in two areas. The first area concerns the form that equilibrium credit rationing assumes and its importance in determining the behaviou... Lees meer.

This book provides a comprehensive survey of the major developments in monetary theory and policy from David Hume and Adam Smith to Walter Bagehot and Knut Wicksell. In particular it seeks to explain why it took so long for a theory of central banking to penetrate main... Lees meer.

The formulation of a common European monetary policy offers an important challenge to policymakers both in Europe and around the globe. This research on monetary transmission greatly increases our understanding of the effect or ineffectiveness of monetary policy on ec... Lees meer.

This book provides a comprehensive survey of the major developments in monetary theory and policy from David Hume and Adam Smith to Walter Bagehot and Knut Wicksell. In particular it seeks to explain why it took so long for a theory of central banking to penetrate main... Lees meer.

... Lees meer.

This paper examines central bank independence with reference to the constraints on central bank credit to the government focusing on how such credit should be regulated. It discusses why credit should be contsrained and in which forms and how to implement those const... Lees meer.

Originally published in 1940 this classic book traces the development of theories concerning currency and credit from the beginning of the 18th century to the middle of the 20th. It provides a comprehensive account of the political and economic conditions in which the... Lees meer.

This study first published in 1979 examines and contrasts two concepts of credit rationing. This title will be of interest to students of monetary economics. This study first published in 1979 examines and contrasts two concepts of credit rationing. The first c... Lees meer.

Originally published in 1940 this classic book traces the development of theories concerning currency and credit from the beginning of the 18th century to the middle of the 20th. It provides a comprehensive account of the political and economic conditions in which the... Lees meer.