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  • Edward Elgar Publishing  (22)
  • Nickel, Johanna (1916-1984)
  • Cheltenham, UK : Edward Elgar Publishing  (22)
  • Monetary policy  (12)
  • Entrepreneurship  (10)
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  • 1
    ISBN: 9781035305605
    Language: English
    Pages: 1 Online-Ressource (x, 531 pages) , illustrations
    Parallel Title: Erscheint auch als
    Parallel Title: Erscheint auch als Goodhart, Charles A. E., 1936 - Financial stability in practice
    Keywords: Bank management ; Monetary policy ; Financial risk management ; Financial security
    Abstract: The maintenance of financial stability is a key objective of monetary policy, but the record of regulators in achieving this has been lamentable in recent years. This failure has been matched by an equivalent inability to establish an appropriate theoretical basis for financial regulation. In this book, the authors demonstrate how to enhance the theory, modelling and practice of such regulation. The main determinant of financial instability is the default of financial institutions. The authors highlight the importance of the appropriate incorporation of default into macro-financial models and its interaction with liquidity. Besides covering the historical development and current stance of financial regulation, the book includes a number of policy-oriented chapters revealing how the authors' modelling approach can improve the process. This authoritative book will serve as a basis for future work on financial stability management for both academics and policy-makers and provide guidance on how to undertake crisis prevention and resolution
    Description / Table of Contents: Contents: 1. Introduction / Charles A.E. Goodhart and Dimitrios P. Tsomocos -- Part I: The development of financial regulation -- 2. 'Financial supervision from an historical perspective: Was the development of such supervision designed, or largely accidental?' / Charles A.E. Goodhart, in David Mayes and Geoffrey E. Wood (eds), The Structure of Financial Regulation, London, Routledge, 2007, pp.43-64 -- 3. 'The rationale for regulation' -- / charles goodhart, philipp hartmann, david llewellyn, liliana rojas-suárez and steven weisbrod, financial regulation: Why, how and where now?, London: Routledge, 1998, pp.1-15 -- 4. 'Some new directions for financial stability?' / C.A.E. Goodhart, in D. Mayes, R. Pringle and M. Taylor (eds), Towards a New Framework for Financial Stability, London: Central Banking, 2009, pp.5-24 -- 5. 'The role of macro-prudential supervision' / paper presented by C.A.E. Goodhart at the Federal Reserve Bank of Atlanta Conference on 'Up from the Ashes: The Financial System after the Crisis', May 11/12, 2010, Atlanta, Georgia -- 6. 'How should we regulate the financial sector?', / Charles Goodhart, in Adair Turner, Andrew Haldane, Paul Woolley, Sushil Wadhwani, Charles Goodhart, Andrew Smithers, Andrew Large, John Kay, Martin Wolf, Peter Boone, Simon Johnson and Richard Layard (eds), The Future of Finance: The LSE Report, London: School of Economics & Political Science, 2010, pp.153-76 -- Part II: Modelling -- 7. 'A model to analyse financial fragility', / Charles A.E. Goodhart and Lea Zicchino, Financial Stability Review, June 2005, 106-15 -- 8. 'Equilibrium analysis, banking, contagion and financial fragility' / Dimitrios P. Tsomocos, Working Paper 175, Bank of England, 2003, 1,3,5,7-59 -- 9. 'The optimal monetary instrument for prudential purposes', / with P. Sunirand, Journal of Financial Stability, 7, 2011, 70-77 -- 10. 'On dividend restrictions and the collapse of the interbank market' / with M.U. Peiris and A.P. Vardoulakis, Annals of Finance, 6 (4), 2010, 455-73 -- Part III: Measurement -- 11. 'Towards a measure of financial fragility' / with Oriol Aspachs and Lea Zicchino, Annals of Finance, 3 (1), 2007, 37-74 -- 12. 'Searching for a metric for financial stability' / with O. Aspachs, M. Segoviano and L. Zicchino, Financial Markets Group Special Paper 167, London School of Economics, 2006 -- 13. 'Banking stability measures' / Miguel A. Segoviano and Charles Goodhart, IMF Working Paper, WP/09/4, January 2009, 1-54 -- 14. 'Default, credit growth and asset prices' / C.A.E. Goodhart, Boris Hofmann and M. Segoviano, in Charles Goodhart and Boris Hofmann (eds), House Prices and the Macroeconomy, Oxford: Oxford University Press, 2007, pp.145-72 -- Part IV: Capital requirements and procyclicality -- 15. 'Procyclicality and the new basel accord - banks' choice of loan rating system' / Eva Catarineu-Rabell, Patricia Jackson and Dimitrios P. Tsomocos, Economic Theory, 26 (3), 2005, 537-57 -- 16. 'Basel and procyclicality: A comparison of the standardised and irb approaches to an improved credit risk method' / C.A.E. Goodhart and M. Segoviano, Financial Markets Group Discussion Paper 524, London School of Economics, 2004 -- 17. 'procyclicality and volatility in the financial system: The implementation of basel ii and ias 39' / Ashley Taylor and Charles Goodhart, in Stefan Gerlach and Paul Gruenwald (eds), Procyclicality of Financial Systems in Asia, Basingstoke, UK: Palgrave Macmillan, 2006, pp.9-37 -- 18. 'Is a less pro-cyclical financial system an achievable goal?', / Charles Goodhart, National Institute Economic Review, 211 (1), 2010, R17-R26 -- Part V: The structural organisation of supervision -- 19. 'The organizational structure of banking supervision' / C.A.E. Goodhart, Economic Notes, 31 (1), 2002, 1-41, 43, 45-6 -- 20. 'The skill profile of central bankers and supervisors' / Charles Goodhart, Dirk Schoenmaker and Paolo Dasgupta, European Finance Review, 6, 2002, 397-427 -- 21. 'The changing role of central banks' / C.A.E. Goodhart, BIS Working Paper 326, 2010, 1-16 -- Part VI: Conclusion -- 22. Conclusion / Charles A.E. Goodhart and Dimitrios P. Tsomocos.
    Note: Includes bibliographical references
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  • 2
    ISBN: 9781035305612
    Language: English
    Pages: 1 Online-Ressource (viii, 349 pages) , illustrations
    Parallel Title: Erscheint auch als
    Parallel Title: Erscheint auch als Goodhart, Charles A. E., 1936 - The challenge of financial stability
    Keywords: Monetary policy ; Finance, Public
    Abstract: The achievement of financial stability is one of the most pressing issues today. This timely and innovative book provides an analytical framework to assess financial (in)stability as an equilibrium phenomenon compatible with the orderly functioning of a modern market economy. The authors expertly show how good regulatory policy can be implemented and that its effects on the real as well as the nominal side of the economy can be properly analysed. The core of their approach is to take realistic account of the interaction between endogenous default, agent heterogeneity and money and liquidity, and suggest how a quantifiable metric of financial fragility could be developed. This insightful book will serve as a basis for future work on financial stability management for both academics and policy-makers and provide guidance on how to undertake crisis prevention and resolution
    Description / Table of Contents: Contents: 1. Introduction / Charles A.E. Goodhart and Dimitrios P. Tsomocos -- Part I: Overview -- 2. 'Analysis of financial stability', / Charles A.E. Goodhart and Dimitrios P. Tsomocos in Pierre L. Siklos, Martin T. Bohl and Mark E. Bohar (eds), Challenges in Central Banking: The Current Institutional Environment and Forces Affecting Monetary Policy, Cambridge, UK: Cambridge University Press, 2010, pp.121-45 -- 3. 'Evaluation of macroeconomic models for financial stability analysis', / Gunnar Bårdsen, Kjersti-Gro Lindquist and Dimitrios P. Tsomocos, Journal of World Economic Review, 3 (1), January-June 2008, 7-32 -- Part II: Theory -- 4. 'Equilibrium analysis, banking and financial instability', / Dimitrios P. Tsomocos, Journal of Mathematical Economics, 39, 2003, 619-55 -- 5. 'A model to analyse financial fragility', / with Pojanart Sunirand, Economic Theory, 27, 2006, 107-42 -- 6. 'On modelling endogenous default', / Dimitrios P. Tsomocos and Lea Zicchino, OFRC-fe, 2005, 1-19 -- 7. 'Banks, relative performance, and sequential contagion', / with Sudipto Bhattacharya and Pojanart Sunirand, Economic Theory, 32, 2007, 381-98 -- Part III: Applications -- 8. 'A model to analysis financial fragility: Applications', / with Pojanart Sunirand, Journal of Financial Stability, 1, 2004, 1-30 -- 9. 'A risk assessment model for banks', / with Pojanart Sunirand, Annals of Finance, 2, 2006, 1-21 -- 10. 'A time series analysis of financial fragility in the UK banking system', / with Pojanart Sunirand, Annals of Finance, 2, 2006, 1-21 -- 11. 'An equilibrium approach to financial stability analysis: The colombian case', / Agustín Saade, Daniel Osorio and Dairo Estrada, Annals of Finance, 3, 2007, 75-105 -- 12. 'A model of financial fragility', / Kevin James, CCBS, 2006, 1-8 -- Part IV: Liquidity and collateral -- 13. 'Modeling a housing and mortgage crisis', / with Alexandros P. Vardoulakis, Financial Stability, Monetary Policy, and Central Banking, 2010, 215-53 -- 14. State prices, liquidity, and default', / with Raphaël A. Espinoza, Economic Theory, 39, 2009, 177-94 -- Part V: Conclusion -- 15. Conclusion / Charles A.E. Goodhart and Dimitrios P. Tsomocos.
    Note: Includes bibliographical references
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  • 3
    Online Resource
    Online Resource
    Cheltenham, UK : Edward Elgar Publishing
    ISBN: 9781035305759
    Language: English
    Pages: 1 Online-Ressource (xxi, 595 pages) , illustrations
    Parallel Title: Erscheint auch als
    Parallel Title: Erscheint auch als
    Parallel Title: Erscheint auch als Aldrich, Howard E., 1943 - An evolutionary approach to entrepreneurship
    DDC: 338/.04
    Keywords: Entrepreneurship
    Abstract: This much-needed book draws together Howard Aldrich's key contribution to entrepreneurship research over recent decades. In an original introduction, the author first lays out the evolutionary approach, examining the assumptions and principles of 'selection logic' that drive evolutionary explanations. The book then expands on evolutionary theory as applied to entrepreneurship, emphasizing the role of historical and comparative analysis before focusing on the importance of social networks, particularly as they affect the genesis of entrepreneurial teams. Professor Aldrich takes a strategic approach to the creation of new organizational populations and communities, using examples from the commercialization of the Internet and the collapse of the Internet bubble. The book then presents his contributions to gender and family, offering a 'family embeddedness' perspective before focusing on the implications of entrepreneurship for stratification and inequality in modern societies, combining an evolutionary with a life course perspective. Finally, he concludes the book with another original essay, reflecting on future directions for entrepreneurship research. This mix of groundbreaking papers that introduced new concepts into the entrepreneurship literature will prove invaluable to scholars - graduate students and faculty members - interested in research on entrepreneurship. Professors of entrepreneurship and strategy as well as academics teaching organizational sociology courses will also find plenty of invaluable information in this important resource
    Description / Table of Contents: Contents: Introduction -- Part I: Introduction -- 1. 'Who wants to be an evolutionary theorist?, journal of management inquiry, 10 (2), 2001, 115-27 -- Part II: Theory -- 2. 'Ethnicity and entrepreneurship', annual review of sociology, 16, 1990, 111-35 / (with R. Waldinger) -- 3. 'The accidental entrepreneur: Campbellian antinomies and organizational foundings', in joel a.c. Baum and bill mckelvey (eds), variations in organization science: Essays in honor of donald t. Campbell, 1999, 19-33 / (with A.L. Kenworthy) -- 4. 'Lost in space, out of time: Why and how we should study organizations comparatively', in brayden king, teppo felin and david whetten (eds), studying differences between organizations: Comparative approaches to organizational research, research in the sociology of organizations, 26, 2009, 21-44 -- 5. 'Beam me up, scott(ie)! Institutional theorists' struggles with the emergent nature of entrepreneurship', in wesley d. Sine and robert j. David (eds), institutions and entrepreneurship, research in the sociology of work, 21, 2010, 329-64 -- Part III: Social networks -- 6. 'Entrepreneurship through social networks', in donald sexton and raymond smilor (eds), the art and science of entrepreneurship, 1986, 3-23 / (with C. Zimmer) -- 7. 'Personal and extended networks are central to the entrepreneurial process', journal of business venturing, 6 (5), 1991, 305-13 / (with P. Dubini) -- 8. 'Strong ties, weak ties, and strangers: Do women owners differ from men in their use of networking to obtain assistance?', in sue birley and ian macmillan (eds), entrepreneurship in a global context, 1997, 1-25 / (with A.B. Elam and P.R. Reese) -- 9. 'The structure of founding teams: Homophily, strong ties, and isolation among u.s. Entrepreneurs', American sociological review, 68 (2), 2003, 195-222 / (with M. Ruef and N.M. Carter) -- 10. 'Mixing or matching? The influence of voluntary associations on the occupational diversity and density of small business owners' networks', work & occupations, 33 (1), 2006, 42-72 / (with A.E. Davis and L.A. Renzulli) -- 11. 'Small worlds, infinite possibilities? How social networks affect entrepreneurial team formation and search', strategic entrepreneurship journal, 1 (1), 2007, 147-65 / (with P.H. Kim) -- Part IV: Strategy -- 12. 'Even dwarfs started small: Liabilities of age and size and their strategic implications' in barry staw and l.l. Cummings (eds), research in organizational behavior, 8, 1986, 165-98 / (with E.R. Auster) -- 13. 'Resources, environmental change, and survival: Asymmetric paths of young independent and subsidiary organizations', strategic management journal, 32 (5), 2011, 486-509 / (with S.W. Bradley, D.A. Shepherd and J. Wiklund) -- 14. 'Fools rush in? The institutional context of industry creation', academy of management review, 19 (4), 1994, 645-70 / (with C.M. Fiol) -- 15. 'The second ecology: Creation and evolution of organizational communities', in barry staw and l.l. Cummings (eds), research in organizational behavior, 20, 1998, 267-301 / (with C.S. Hunt) -- 16. 'Acquiring competence at a distance: Application service providers as a hybrid organizational form', the journal of international entrepreneurship, 1 (1), 2003, 103-19 / (with A. Fortune) -- Part V: Gender and family -- 17. 'Invisible entrepreneurs: The neglect of women business owners by mass media and scholarly journals in the usa', entrepreneurship & regional development, 9 (3), 1997, 221-38 / (with T. Baker and N. Liou) -- 18. 'Family matters: Gender, networks, and entrepreneurial outcomes', social forces, 79 (2), 2000, 523-46 / (with L.A. Renzulli and J. Moody) -- 19. 'The pervasive effects of family on entrepreneurship: Toward a family embeddedness perspective', journal of business venturing, 18 (5), 2003, 573-96 / (with J.E. Cliff) -- Part VI: Stratification and inequality -- 20. 'Passing on privilege: Resources provided by self-employed parents to their self-employed children', in kevin leicht (ed), research in social stratification and mobility, 16, 1998, 291-318 / (with L.A. Renzulli and N. Langton) -- 21. 'A life course perspective on occupational inheritance: Self-employed parents and their children', in martin ruef and michael lounsbury (eds), the sociology of entrepreneurship, research in the sociology of organizations, 25, 2007, 33-82 / (with P.H. Kim) -- 22. 'Access (not) denied: The impact of financial, human, and cultural capital on entrepreneurial entry in the United States', small business economics, 27, 2006, 5-22 / (with P.H. Kim and L.A. Keister) -- 23. 'Entrepreneurship and inequality', in lisa a. Keister (ed), entrepreneurship: Research in the sociology of work, 15, 2005, 3-31 / (with S. Lippmann and A. Davis) -- Part VII: Conclusion -- 24. Conclusions and further reflections.
    Note: Includes bibliographical references and index
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  • 4
    ISBN: 9781035305407
    Language: English
    Pages: 1 Online-Ressource (ix, 428 pages) , illustrations, maps
    Parallel Title: Erscheint auch als
    Parallel Title: Erscheint auch als Entrepreneurship and innovations in functional regions
    DDC: 338/.04
    Keywords: Entrepreneurship ; Technological innovations ; Industrial location ; Unternehmen ; Innovation ; Forschung und Entwicklung ; Know-how-Transfer ; Regionalentwicklung ; Kongress
    Abstract: In recent decades, the world has witnessed the emergence of a global knowledge economy in which functional regions increasingly play a role as independent and dynamic market places. These are integrated with other functional regions by means of flows of information, knowledge, and commodities. This contemporary and illuminating book provides a state-of-the-art overview of current research on innovation and entrepreneurship in functional regions. There are numerous questions regarding entrepreneurship and innovation in functional regions that have not yet been answered - until now. Some of the issues that the expert contributors in this field question are - How do firms compete and how do they develop their competitive strategies? How important are entrepreneurial actions and innovation? How important are firm size, firm maturity and corporate structure for innovation? Entrepreneurship and Innovations in Functional Regions will be an invaluable resource for students and scholars of entrepreneurship, business economics, innovation and regional science
    Note: "The contributions forming the different chapters in this book were first presented and discussed at the Eight Uddevalla Symposium 2005 ... held at and hosted by the University West, Uddevalla, Sweden"--Pref , Includes bibliographical references and index , Introduction - Innovation and Entrepreneurship in Functional Regions / , Engineering Culture, Innovation, and Modern Wealth Creation / , Swedish Paradox Revisited / , Firm Location, Corporate Structure and Innovation / , Firm Size, Firm Maturity and Product and Process R&D in Swedish Manufacturing Firms / , University Educated Labour, R&D and Regional Export Performance / , Magnitude and Destination Diversity of Exports - the Role of Product Variety / , Differences in Survivor Functions according to Different Competitive Strategies / , Resource-Based Analysis of Bankruptcy Law, Entrepreneurship and Corporate Recovery / , Agglomeration Economies, Learning Processes, and Patterns of Firm Spatial Clustering / , Assiduous Firms in a 'Learning Region' - The Case of East-Wurttemberg, Germany / , Cluster Dynamics: Insights from Broadcasting in Three UK City-Regions / , Technology, Innovation and Latecomer Strategies: The Case of Mobile Handset Manufacturing Sector in China / , Enterprise Development Policy: Modelling the Policy Context / , Entrepreneurial Business Support Networks: A Leader Institution Perspective /
    URL: Inhaltsverzeichnis  (lizenzpflichtig)
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  • 5
    ISBN: 9781035305650
    Language: English
    Pages: 1 Online-Ressource (xxi, 271 pages) , illustrations
    Series Statement: New directions in modern economics series
    Parallel Title: Erscheint auch als
    Parallel Title: Erscheint auch als Monetary policy and financial stability
    DDC: 332.46
    Keywords: Monetary policy ; Keynesian economics ; Economic policy ; Banks and banking, Central ; Kaleckian Model of Growth and Distribution
    Abstract: This book provides an enlightening glimpse into the deep theoretical traditions of post-Keynesian theory whilst also illuminating the richness and uniqueness of post-Keynesian economic policy. The editors have gathered together leading scholars and researchers to push the boundaries of post-Keynesian thinking. They address a number of important issues dealing with wage determination, income distribution and central bank governance. Many of these chapters share a common theme including a criticism of the usefulness of monetary policy in fighting or targeting inflation and the questions this raises for central bank governance. The book also focuses on open economy issues such as capital flows, globalization, FDI and the Washington Consensus. Monetary Policy and Financial Stability is required reading for students, scholars and researchers of economics, and for policymakers seeking rational alternatives to the current neo-classical orthodoxy
    Description / Table of Contents: Wage bargaining and monetary policy in a Kaleckian monetary distribution and growth model : making sense of the NAIRU / Eckhard Hein -- Price and wage determination and the inflation barrier : moving beyond the Phillips curve / Philip Arestis and Malcolm Sawyer -- Central bank governance, the euthanasia of the rentier and interest rate policy : a note on post-Keynesian monetary policy after Taylor / Louis-Philippe Rochon -- The macroeconomic governance of the European Monetary Union : a Keynesian perspective / Angel Asensio -- Inflation targeting and monetary policy governance : the case of the European Central Bank / Sergio Rossi -- Enforcing the IMF in the global economy : an institutional analysis / Jean-Pierre Allegret and Philippe Dulbecco -- Too much consensus could be harmful : assessing the degree of implementation of stabilization and structural policies and their impact on growth / Eric Berr, François Combarnous and Eric Rougier -- The political economy of global economic disgovernance / Luiz Carlos Bresser-Pereira -- Tobin, globalization and capital flows / Robert W. Dimand -- The impact of FDI on capital formation : the case of Mexico / Claudia Maya -- Financial liberalization, economic growth and rents / Domenica Tropeano -- The Argentine Jefes program : from a post-financial crisis emergency safety net to a long-run policy promoting development / Corinne Pastoret.
    Note: Includes bibliographical references and indexes
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  • 6
    ISBN: 9781035305421
    Language: English
    Pages: 1 Online-Ressource (xxii, 573 pages) , illustrations
    Parallel Title: Erscheint auch als Ács, Zoltán J Entrepreneurship, growth and public policy
    Parallel Title: Erscheint auch als
    Parallel Title: Erscheint auch als Acs, Zoltán J., 1947 - Entrepreneurship, growth and public policy
    DDC: 338.04
    RVK:
    Keywords: Entrepreneurship ; Entrepreneurship ; Innovation ; Spill-over-Effekt ; Wirtschaftsförderung ; Wirtschaftswachstum ; Wissenschaftstransfer ; Chefs d'entreprise ; Esprit d'entreprise ; Innovations ; Réformes économiques ; Croissance économique ; Politiques publiques ; Entrepreneurship ; Entreprenörskap ; Ekonomisk tillväxt ; Entrepreneurship ; Economic growth ; Entrepreneurship
    Abstract: Explores how socio-economic transformation is placed within a larger context spanning two centuries of economic growth and development in a capitalist society. This book is suitable for those interested in entrepreneurship, political science and regional science and as well academics, graduate students and economists
    Description / Table of Contents: Innovation and firm size -- Geographically constrained knowledge spillovers -- Entrepreneurship and new firm formation -- Innovation and economic growth -- Entrepreneurship and public policy -- Entrepreneurship and society.
    Note: Includes bibliographical references and index
    URL: Inhaltsverzeichnis  (lizenzpflichtig)
    URL: Inhaltsverzeichnis  (lizenzpflichtig)
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  • 7
    ISBN: 9781782543695
    Language: English
    Pages: 1 Online-Ressource (xii, 166 pages) , illustrations
    Series Statement: New horizons in entrepreneurship
    Parallel Title: Erscheint auch als
    Parallel Title: Erscheint auch als Kourilsky, Marilyn L. The entrepreneur in youth
    DDC: 338/.0408350973
    Keywords: Social entrepreneurship ; Entrepreneurship ; New business enterprises ; Youth Employment ; Business education
    Abstract: The Entrepreneur in Youth offers one of the most comprehensive assessments to date of African American, Latino, and white high school students' aspirations, knowledge, opinions and educational views related to entrepreneurship and philanthropy. A key strength is its longitudinal approach to analysis and interpretations, made possible by extensive surveys of over 11,000 respondents from high school youth and other groups, including adults and business owners. The key findings exhibit an extraordinarily high level of interest in entrepreneurship among youth as well as a strong desire to give back to their communities. However, they lack the knowledge and experience to achieve their aspirations. The book's major recommendations and guidelines include challenges to education and other policymakers to expand and enhance opportunities to access entrepreneurship education and early entrepreneurship mentoring shadowing experiences - especially for those who demand it the most: African Americans and Latinos. Meeting these challenges not only will contribute to economic growth and social reform initiatives but also will increase economic and social mobility and access to opportunity for a still largely untapped pool of future entrepreneurs. This book will appeal to academics in entrepreneurship, economics, business and education, as well as policymakers, educators and business leaders
    Description / Table of Contents: Finding the entrepreneur in youth -- Interest in entrepreneurship -- Giving back to the community -- Entrepreneurial knowledge -- Markets and government -- Entrepreneurship education -- A longitudinal perspective and the major findings -- Implications and extrapolations.
    Note: Includes bibliographical references (pages 157-161) and index , Includes bibliographical references and index
    URL: Inhaltsverzeichnis  (lizenzpflichtig)
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  • 8
    ISBN: 9781781956366
    Language: English
    Pages: 1 Online-Ressource (xx, 250 pages) , illustrations
    Parallel Title: Erscheint auch als
    Parallel Title: Erscheint auch als Growth and cohesion in the European Union
    DDC: 337.1/42
    Keywords: European Union ; Monetary policy
    Abstract: This book is a critical review of current fiscal and monetary policy in Europe and presents results of both empirical research and a discussion of the theoretical framework behind the policy of the European Central Bank and the Stability and Growth Pact. Macroeconomic policy is often hotly debated within the EU. However, the majority of policy discussions have started from a shared view of how the economy works. This shared neo-classical view is also known as the 'Brussels-Frankfurt consensus'. According to that consensus, European labour markets are too rigid in comparison to the US labour market. Hence, the prevalent view is that the European unemployment problem can be solved by increasing incentives; improving the returns on schooling and redefining the role and the necessity of labour market institutions. In this volume the authors argue that it is not at all clear which institutions cause labour market rigidities and to what extent. They note that the problem of unemployment requires a much broader set of solutions, including active labour market policies, policies concerning schooling and the development of skills. Growth and Cohesion in the European Union also highlights that these microeconomic policies will not in themselves provide the solution to what is essentially a macroeconomic problem. First and foremost the role of aggregate demand in the determination of unemployment has to be placed at the forefront of the debate. The extensive discussion of a broad variety of topics in the field of macroeconomic policy will ensure this book finds a welcome readership amongst researchers and academics of European studies and macroeconomics. Policy advisors will also find much to engage them as the book provides a critical view on the Brussels-Frankfurt consensus, currently so dominant amongst European policymakers
    Description / Table of Contents: Contents: Introduction -- Part I: Monetary policy, fiscal policy and the stability and growth pact -- 1. The brussels-frankfurt consensus: An answer to the wrong question / William Mitchell and Joan Muysken -- 2. Whither stability pact? An assessment of reform proposals / Paola Monperrus-Veroni and Francesco Saraceno -- 3. Alternatives for the policy framework of the euro / Philip Arestis and Malcolm Sawyer -- 4. What drives ecb monetary policy? / Clemens J.M. Kool -- 5. Interest rates, debt, counter-cyclical policy and monetary sovereignty / Jan Kregel -- Part II: Labour markets and labour market policies -- 6. Institutions and the labour market: Examining the benefits / Tom van Veen -- 7. Institutions and unemployment in oecd countries: A panel data analysis / Lucio Baccaro and Diego Rei -- 8. The institutional determinants of labour market performance: Comparing the anglo-saxon model and a European-style alternative / Henri de Groot, Richard Nahuis and Paul Tang -- 9. Enhancing productivity: Social protection as investment policy / Chris de Neubourg and Julie Castonguay -- 10. Labour market adjustments and macroeconomic performance / Anna Batyra and Henri Sneessens -- Index.
    Note: "Centre of Full Employment and Equity." , Includes bibliographical references and index
    URL: Inhaltsverzeichnis  (lizenzpflichtig)
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  • 9
    ISBN: 9781035305285
    Language: English
    Pages: 1 Online-Ressource (xi, 238 pages) , illustrations
    Series Statement: New horizons in regional science
    Parallel Title: Erscheint auch als
    Parallel Title: Erscheint auch als Entrepreneurship, investment, and spatial dynamics
    DDC: 330.94
    Keywords: Entrepreneurship ; Investments ; European Union countries Economic conditions ; Regional disparities ; European Union countries Economic integration
    Abstract: Enlargement of the EU increases economic diversity and inequality between countries and regions, making cohesion difficult. This book attempts to provide a deeper understanding of the interaction between investment, knowledge spillovers and entrepreneurship; a crucial factor in reducing the economic disparity caused by the geographic expansion of the EU. The book offers new empirical evidence regarding the spatial dimension of investment, entrepreneurship and knowledge spillovers, and features both individual and cross-country analyses. FDI in accession countries is examined, as is the effect of EU integration on own-country investment. Innovative methodologies and unique new models are then used to provide lessons and policy implications for economic growth prospects in the recently enlarged EU. Researchers and policy makers working in the fields of entrepreneurship, innovation, economic growth, economic integration and regional development will find this book to be of great interest. It will also be warmly welcomed by students and academics with an interest in European studies, international economics and regional and urban economics
    Description / Table of Contents: Contents: Preface -- Part I: Overview -- 1. Spatial patterns of entrepreneurship and investment: Lessons and implications for the enlarged European Union / Peter Nijkamp, Ronald L. Moomaw and Iulia Traistaru-Siedschlag -- Part II: Investment -- 2. Foreign direct investments in EU accession countries: A case study on Hungary / Peter Nijkamp and Balint Toth -- 3. European integration and Japanese direct investment in the central and east european countries / Andrzej Cieslik and Michael Ryan -- 4. Foreign direct investment profitability: EU firms in Romania / Fazia Pusterla -- 5. Financial integration of investment performance in the European Union / Hasan Vergil -- Part III: Entrepreneurship -- 6. The determinants of regional differences in new firm formation in western Germany / Udo Brixy and Michael Niese -- 7. Rural entrepreneurship success determinants / Maira Lescevica -- 8. The role of socioeconomic factors in entrepreneurship development: A country level analysis / Eric A. Scorsone, Ronald A. Fleming, Margarita Somov and Victoria Burke -- Part IV: Regional spillovers -- 9. Smes and territorial networks: The emerging framework in Romania / Daniela Luminita Constantin -- 10. Research and development, knowledge spillovers and regional growth in Europe / Seyit Köse and Ronald L. Moomaw -- 11. Foreign direct investment and learning regions in central and eastern Europe / Marina van Geenhuizen and Peter Nijkamp -- Index.
    Note: Includes bibliographical references and index
    URL: Inhaltsverzeichnis  (lizenzpflichtig)
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  • 10
    ISBN: 9781781959602
    Language: English
    Pages: 1 Online-Ressource (ix, 352 pages) , illustrations, maps
    Parallel Title: Erscheint auch als
    Parallel Title: Elektronische Reproduktion von Entrepreneurship and regional economic development
    DDC: 338/.04
    Keywords: Entrepreneurship ; Regional planning
    Abstract: In a shrinking and increasingly globalised world, it is vital for any entrepreneur to carefully select the location at which production or other economic activities will occur. This book provides a theoretical and empirical analysis of entrepreneurial behaviour in a spatial context, and links it to important new fields in economics such as endogenous growth theory, the new economic geography and evolutionary theory. Although most of the literature to date has failed to study the geographic element of entrepreneurship, this book redresses the balance by examining the spatial variation in entrepreneurial activity and the implications of this for regional policy. The authors provide an in-depth analysis of the role of the entrepreneur in fostering economic development, document the most important recent theoretical and empirical developments, and explain the reasons why some regions grow whereas others stagnate. They also present a number of empirical analyses including case studies from the manufacturing and ICT sectors, as well as an examination of the role of university-based knowledge transfer and entrepreneurial behaviour. Throughout the book, the role of knowledge, knowledge transmission and knowledge spillovers are considered as they relate to entrepreneurial activity and location decisions. This book presents many important new findings on the relationship between entrepreneurship, agglomeration and economic growth. It will make a substantial addition to the literature and will be essential reading for regional economists, geographers, business and management analysts, and development practitioners and policymakers
    Description / Table of Contents: Contents: Preface -- 1. Introduction -- Part I: Entrepreneurship and economic development -- 2. Firm behaviour and organisation from an evolutionary perspective -- 3. The roles of entrepreneurship in economic growth: Toward a theory of total factor productivity -- 4. Technocapitalism and the new ecology of entrepreneurship -- Part II: Spatial variation in drivers of economic development -- 5. Spatial variation in social capital among uk small and medium-sized enterprises -- 6. The institutionalization and endogenization of venture capital: A regional analysis of northern virginia in the 1990s -- 7. Human capital and regional socio-economic performance: Differential patterns across australia's cities and towns -- Part III: Empirical case studies -- 8. A knowledge-based view on innovation in regional networks: The case of the kic project -- 9. The role of collective learning in ict adoption and use -- 10. Industrial clusters and regional development: A transactions-costs perspective on the semiconductor industry -- 11. Academic knowledge and fostering entrepreneurship: An evolutionary perspective -- Part IV: Theoretical approaches -- 12. Location of engineering and designer services in the information economy -- 13. Firm dynamics and self-organised criticality -- 14. Knowledge, capital formation and innovation behaviour in a spatial context -- Index.
    Note: Includes bibliographical references and index
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  • 11
    ISBN: 9781035305216
    Language: English
    Pages: 1 Online-Ressource (xxxvi, 377 pages) , illustrations
    Parallel Title: Erscheint auch als
    Parallel Title: Elektronische Reproduktion von Financial intermediation in the new Europe
    DDC: 332.1/78
    Keywords: Banks and banking ; Intermediation (Finance) ; Monetary policy ; Europe Economic integration
    Abstract: What role will the current evolution of banking systems play in the newly adopted EU countries during the historic challenges following enlargement? This book, a blend of economics and political economy, offers a systematic analysis of the current trends in financial intermediation in the countries of the newly enlarged Europe, with particular focus on those policies taken by foreign banks on the one hand, and by regulatory and supervisory authorities on the other. The authors argue that their research has led to one conclusion; in order to enter the EU, the accession countries needed to increase the efficiency of their economic systems rapidly through liberalization and privatization. The book assesses whether the presence of foreign banks will contribute to long term economic growth and financial stability, and how the architecture of banking regulations and supervision should be designed. As a multidisciplinary work, though principally economics, the book will appeal to scholars and academics of politics and law. It also has particular relevance for regulators and supervisory institutions, as well as professionals including bankers, financial operators and also legal compliance officers
    Description / Table of Contents: Contents: Foreword -- Introduction -- Part I: Intermediation, firms and financial markets -- 1. Banking industry in central and eastern Europe: The unexpected leader in the transition and integration with the EU -- 2. Deepening financial intermediation in the new Europe: The role of banks -- 3. Financial structures and private sector development in the new Europe -- 4. Financial risk in accession countries -- Part II: Foreign banks -- 5. Who needs foreign banks? -- 6. New Europe banking: The role of international players -- 7. Financial intermediation in accession countries: The role of foreign banks -- 8. Foreign banks and financial stability in the new Europe -- 9. Eastern passages for Italy's banks and industrial districts: Are the two related or independent? -- Part III: Regulation, supervision and monetary policy -- 10. Financial regulation in the new Europe -- 11. Single authority in financial markets supervision: Lessons for EU enlargement -- 12. Deposit insurance in the new Europe -- 13. Interest rate pass-through in EU acceding countries: The case of the Czech Republic, Hungary and Poland -- Index.
    Note: Includes bibliographical references and index
    URL: Inhaltsverzeichnis  (lizenzpflichtig)
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  • 12
    ISBN: 9781781958698
    Language: English
    Pages: 1 Online-Ressource (320 pages)
    Parallel Title: Erscheint auch als
    Parallel Title: Elektronische Reproduktion von Central banking in the modern world
    DDC: 332.11
    Keywords: Banks and banking, Central ; Monetary policy ; Interest rates
    Abstract: Monetarism is dead! Central bankers are all Wicksellians now! They target low inflation rates, with no regard to monetary aggregates whatsoever, by acting upon short-term real rates of interest. This is the New Consensus in monetary economics, or simply the New Keynesian Synthesis. Yet, this synthesis still hinges on variants of the long-run vertical Phillips curve originally proposed by Milton Friedman, the father of old-line monetarism. Contributors to the volume question this New Consensus. While they agree that the money supply should be conceived as endogenous, they carefully examine the procedures pursued by central banks, the monetary policy transmission mechanisms suggested by central bankers themselves, and the assumptions imbedded in the New Consensus. They propose alternative analyses that clearly demonstrate the limits of modern central banking and point to the possible instability of monetary economies. Heterodox and orthodox monetary macroeconomists alike will find this illuminating book of great interest
    Description / Table of Contents: Contents: Introduction -- Part I: The new consensus -- 1. The new consensus on monetary policy seen from a post-Keynesian perspective -- 2. Central banking, stability and macroeconomic outcomes: A comparison of new consensus and post-Keynesian monetary macroeconomics -- 3. Interest rate operating procedures and income distribution -- 4. Monetary policy when money is endogenous: Going beyond the 'new consensus' -- Part II: Transmission mechanisms -- 5. Monetary dialogue and dogma at the bank of Canada: Inside -- 6. Interest rate policy at the bank of Canada: Setting the agenda -- 7. Modern central banks only have real effects -- 8. Central banking in the monetary circuit -- 9. Long-term interest rates, liquidity preference, and the limits of central banking -- 10. The role of monetary policy in post-Keynesian stock-flow consistent macroeconomic growth models -- Part III: Historical perspectives -- 11. The effectiveness of monetary policy in open economy macroeconomics: Dornbusch versus tobin -- 12. Minsky and tobin on the instability of a monetary economy -- 13. Considerations on allan h. Meltzer's history of the federal reserve -- 14. Central banking in early industrialization -- Index.
    Note: Includes bibliographical references and index
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  • 13
    Online Resource
    Online Resource
    Cheltenham, UK : Edward Elgar Publishing
    ISBN: 9781035304349
    Language: English
    Pages: 1 Online-Ressource (xiii, 338 pages) , illustrations, maps
    Parallel Title: Erscheint auch als
    Parallel Title: Erscheint auch als
    Parallel Title: Elektronische Reproduktion von Norton, R. D. Creating the new economy
    DDC: 338/.04/0973
    Keywords: Entrepreneurship ; Technological innovations Economic aspects ; United States Economic conditions 1981-2001
    Abstract: What makes the US different from other advanced economies is the opportunity for newcomers acting as entrepreneurs to start new companies, a few of which will then change the world. This book develops three points. First, the New Economy is real: part micro, part macro, and all digital. Second, its emergence around networked PCs propelled the US resurgence in the world economy during the 1990s. Third, rather than subsiding, the current US lead in information technology (IT) could well increase over the next decade. The reason lies in the clustered linking of venture capital and entrepreneurs in a system that can be stylized as 'the invention of the method of innovation'. The central theme of the book is the vital role played by newcomers, acting as entrepreneurs, to overthrow the old order and blast through the deep tendencies toward stagnation that afflict advanced, affluent economies. Related strands are (1) an update and reappraisal of Joseph Schumpeter's vision of capitalist development, (2) a regional focus on the rebirth of US computing, and (3) a detailed inquiry into the geography of innovation in strategic clusters of venture capital firms and IT knowledge workers. The author provides a sharply etched portrayal of the geography of the new economy. He lists specific case studies of the failure of established managerial corporations to capitalize on inventions, a failure remedied by newcomers. The book recounts traditional and new theories of the entrepreneur and of creative destruction. Primers on venture capital, IPOs, and internet business models are included, as are comparisons of theory and data on the emergence of new 'strategic cities'. Lastly, it offers a brief, readable, detailed, and company-specific history of the PC revolution and the coming of the internet. Economists, geographers, and regional scientists, students and readers interested in the digital economy, the internet, the history of economic thought, and the New Economy and investors will all find this book revealing and enlightening
    Description / Table of Contents: Contents: Preface: Geographies of creation -- Part I. Three conceptions of the new economy -- Part II. Requiem -- Part III. The revolution -- Part IV. Networks -- Part V. What went right? -- Bibliography -- Index.
    Note: Includes bibliographical references (pages 317-332) and indexes
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  • 14
    Online Resource
    Online Resource
    Cheltenham, UK : Edward Elgar Publishing
    ISBN: 9781781950982
    Language: English
    Pages: 1 Online-Ressource (xxviii, 114 pages) , illustrations
    Parallel Title: Erscheint auch als
    Parallel Title: Elektronische Reproduktion von Pepper, Gordon T., 1934 - Monetarism under Thatcher
    DDC: 338.941/009/048
    Keywords: Monetary policy ; Money supply ; Great Britain Economic policy 1979-1997
    Abstract: This authoritative book analyses the recent problems associated with the UK's monetary system and suggests a long-term solution to control bank lending in the future. It draws on extensive historical material, discussions with former senior officials and politicians, and the perceptive insights of Gordon Pepper, an advisor to Margaret Thatcher when the foundations of monetary control were being laid, to revisit and re-examine the monetarist experiment of the 1980s. The authors argue that, in spite of the instinct of the Prime Minister, the authorities never attempted to control the supply of money in the 1980s and only paid lip service to controlling the demand for money. Extraordinary behaviour of bank lending was a significant cause of the Barber boom in the mid-1970s, of the Lawson boom of the 1980s and of the depth of the recession in the early 1990s. They assert that varying interest rates is an ineffective tool to manage lending and controversially propose that the only enduring solution is to control the banks' reserves. The authors forcefully argue that should the UK not become a member of the European Single Currency the debate surrounding monetary base control will need to be reopened. By reassessing a significant era in British economic policy and suggesting a strategy for the future, this book will be of great interest to economic historians, monetary and political economists, policymakers and investment advisers
    Description / Table of Contents: Contents: Foreword -- Preface -- Introduction -- Part I: History -- 1. A brief history of monetary policy since radcliffe -- 2. Monetarism in the UK -- 3. Monetarism and the officials -- 4. Monetarism under thatcher -- 5. Monetarism and the politicians -- 6. Summary and conclusions of Part I -- Part II: Policy dilemmas -- 7. A type of supply-side control: Control via the 'counterparts' -- 8. Overfunding: A useful tool or cosmetic device? -- 9. Asset-price inflation -- 10. Debt deflation -- 11. Summary and conclusions of Part II -- Part III: Policy solutions -- 12. Monetary base control -- 13. Mbc versus funding policy -- 14. A published target for the monetary base -- 15. Summary and conclusions of Part III -- appendices -- References -- Index.
    Note: "In association with the Institute of Economic Affairs." , Includes bibliographical references and indexes
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  • 15
    ISBN: 9781035304363
    Language: English
    Pages: 1 Online-Ressource (xiv, 200 pages) , illustrations
    Parallel Title: Erscheint auch als
    Parallel Title: Elektronische Reproduktion von Peneder, Michael, 1968 - Entrepreneurial competition and industrial location
    DDC: 338/.04
    Keywords: Competition ; Entrepreneurship ; Intangible property ; Industrial location ; Industrial concentration
    Abstract: Entrepreneurial Competition and Industrial Location explores the notion of entrepreneurial competition from its theoretical foundations in early Austrian and contemporary evolutionary economics. Focusing on the structural development of the intangible factors of production such as labour skills, advertising and research and development, the book's empirical implications are tested in a comparative study of competitive performance in the EU, Japan and the USA. Typical mechanisms of external spillovers, shaping industrial location by means of Marshallian cluster formation, highlight the dimension of industrial location. Peneder finally employs the three evolutionary principles of variation, cumulation and selection to establish entrepreneurship, learning and fair markets as the main pillars of modern competitiveness policy. This volume paves the way for a better understanding of the market process, demonstrating the importance of intangible factors as sources of competitive advantage both by conclusive theoretical argument and careful empirical investigation
    Description / Table of Contents: Contents: Preface -- 1. Entrepreneurial competition -- 2. The organisation of knowledge -- 3. Intangible investment and human resources -- 4. The competitive performance of European industries -- 5. Sectoral specialisation and industrial location -- 6. Competitiveness policy -- Bibliography -- Index.
    Note: Includes bibliographical references (pages 177-190) and index
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  • 16
    Online Resource
    Online Resource
    Cheltenham, UK : Edward Elgar Publishing
    ISBN: 9781035304257
    Language: English
    Pages: 1 Online-Ressource (ix, 174 pages)
    Parallel Title: Erscheint auch als
    Parallel Title: Elektronische Reproduktion von Yu, Tony Fu-Lai, 1950 - Firms, governments, and economic change
    DDC: 338/.04
    Keywords: Entrepreneurship ; Entrepreneurship Government policy ; Business enterprises Government policy ; Economic development ; Entrepreneurship
    Abstract: This topical book interprets firms, governments and economic change from an entrepreneurial perspective. Essentially, it applies the Austrian theory of human agency and evolutionary theories of the firm to explain economic organisation, the state and institutional change. Tony Yu begins by discussing the nature of entrepreneurship and the firm followed by an analysis of the role of entrepreneurship in economic change. He thoroughly analyses the process of economic development in late industrialisers, within an entrepreneurial framework outlined within the book. The author argues that ordinary and extraordinary discovery are associated with routine or imitative entrepreneurship and Schumpetarian entrepreneurship respectively. Using this classification, the author shows how it is the interaction of various types of entrepreneurial activities that transformed East Asian latecomers such as Japan, Taiwan, South Korea, Singapore and Hong Kong from traditional agrarian and fishing economies into international centres of trading, service industries and finance. Firms, Governments and Economic Change will be of special interest to scholars of industrial economics, entrepreneurship and Asian studies. It will also be of use to governmental organisations responsible for economic development, as the analysis is thoroughly up to date easy to understand
    Description / Table of Contents: Contents: Foreword by richard langlois -- Introduction -- Part I. Entrepreneurship -- 1. Entrepreneurial alertness and discovery -- Part II. Firms -- 2. A praxeological theory of the firm -- 3. The Chinese family firm and guerrilla entrepreneurship -- Part III. Governments -- 4. Government entrepreneurship -- 5. The state as a national coordinator -- 6. Asian entrepreneurial states -- Part IV. Economic change -- 7. An entrepreneurial perspective of institutional change -- 8. Economic development in latecomer economies -- References -- Index.
    Note: Includes bibliographical references (pages 142-163) and index
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  • 17
    Online Resource
    Online Resource
    Cheltenham, UK : Edward Elgar Publishing
    ISBN: 9781781959336
    Language: English
    Pages: 1 Online-Ressource (ix, 154 pages) , illustrations
    Parallel Title: Erscheint auch als
    Parallel Title: Elektronische Reproduktion von Kakes, Jan, 1968 - Monetary transmission in Europe
    DDC: 332.4/94
    Keywords: Monetary policy ; Monetary policy ; Finance ; Finance ; Credit ; Credit
    Abstract: The formulation of a common European monetary policy offers an important challenge to policymakers both in Europe and around the globe. The analysis of monetary transmission mechanisms in Europe, and the US, provides insights of great importance as the institutional environment of monetary policy changes. Historically, it has been proved difficult to empirically establish the effects of monetary policy measures on the economy. This study of the monetary transmission mechanism pays close attention to the role of financial markets in the transmission process. The author analyses aspects of monetary transmission, such as interest rates and exchange rates, with evidence from several European countries including the Netherlands, UK and Germany as well as from the US. This research on monetary transmission greatly increases our understanding of the effect, or ineffectiveness, of monetary policy on economies in general. The author presents a comprehensive discussion of the outcomes of empirical research along with an extensive survey of the literature and a discussion of the methods used, since interest in the subject was renewed in the 1980s. This work will be invaluable to policymakers in central banks and government ministries as well as academic researchers and economists alike
    Description / Table of Contents: Contents: 1. Introduction -- 2. A survey of the literature -- 3. Monetary policy in a small open economy -- 4. Monetary policy and bank lending in the Netherlands -- 5. Characteristics of the dutch credit market -- 6. Monetary transmission and business cycle asymmetry -- 7. Asymmetric effects of monetary policy -- 8. Summary and conclusions -- A. Data -- B. Innovation analysis -- References -- Index.
    Note: Includes bibliographical references (pages 137-149) and index
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  • 18
    ISBN: 9781035304059
    Language: English
    Pages: 1 Online-Ressource (xi, 268 pages) , illustrations
    Parallel Title: Erscheint auch als
    Parallel Title: Elektronische Reproduktion von The economics of the Euro area
    DDC: 332.4/94
    Keywords: Economic and Monetary Union ; Monetary unions ; Monetary policy ; Europe Economic integration
    Abstract: This book examines the monetary integration of the group of countries which constitute the Economic and Monetary Union (EMU), signalling the emergence of a truly European economy. The authors devote their considerable expertise to the analysis of macroeconomic policies within EMU and the economic analysis underlying the conduct of these policies. The authors first analyse the development of the euro area from a historical perspective. They then examine the criteria for the first eleven countries to qualify for EMU and speculate whether the same countries would have joined if the qualification date had been a year later. The authors go on to examine purely macroeconomic aspects of the euro area including: * the degree of real convergence in the euro area * the short-run and long-run determinants of the euro area's current account * the euro area's financial markets and implications for the international role of the euro * the organizational structure and internal procedures of the European System of Central Banks * the Eurosystem's single monetary policy strategy * fiscal policy and the Stability and Growth Pact * exchange rate policy issues. This book will become required reading for scholars and policymakers in the area's of European studies, macroeconomic policy and financial economics
    Description / Table of Contents: Contents: Preface -- Part I: The road to emu -- Part II: Analysis of the euro area -- Part III: Policy and institutions -- References -- Index.
    Note: Includes bibliographical references (pages 241-257) and index
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  • 19
    ISBN: 9781782542827
    Language: English
    Pages: 1 Online-Ressource (296 pages)
    Parallel Title: Erscheint auch als
    Parallel Title: Elektronische Reproduktion von Credit, interest rates and the open economy
    Keywords: Money supply ; Monetary policy ; Credit
    Abstract: The horizontalist perspective is an extension of the post-Keynesian approach, that has hitherto focused on a theory of credit and money. This book extends horizontalism beyond its traditional boundaries and makes it consistent with the post-Keynesian theories of output and the open economy. The authors compare and contrast the horizontalist position with various orthodox and non-orthodox views on money. They argue that horizontalism is perfectly compatible with liquidity preference, credit constraints, and a flexible interest-rate mark-up, and address recent developments in banking that reinforce the validity of a horizontal schedule of credit-money. The overall intention is to place horizontalism within the current heterodox tradition as a general theory of the creation of money that is consistent with the post-Keynesian view on macroeconomic policy. Credit, Interest Rates and the Open Economy is essential reading for those who wish to expand their theoretical understanding of international financial issues and will be of great interest to those involved in macroeconomics, money and banking and radical economics
    Description / Table of Contents: Contents: Preface: Anthony thirlwall -- Introduction -- Part I: Setting the record straight -- 1. Some reflections on endogenous money -- 2. Horizontalism -- Part II: Debates on horizontalism -- 3. Money without scarcity -- 4. Money endogeneity and monetary non-neutrality -- 5. Horizontalism and new Keynesian economics -- Part III: Horizontalism and history of thought issues -- 6. The German balance of payments school and the Latin American neo-structuralists -- 7. Horizontalism and inflation accommodation -- 8. Notes on hicks on money and monetary theory -- 9. Bank creation of money and endogenous money supply as the outcome of the evolution of the banking system -- Part IV: Horizontalism and the open economy -- 10. The reflux mechanism and the open economy -- 11. Monetary autonomy and financial integration -- 12. Foreign exchange, interest and prices -- Index.
    Note: Includes bibliographical references and index
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  • 20
    Online Resource
    Online Resource
    Cheltenham, UK : Edward Elgar Publishing
    ISBN: 9781035305834
    Language: English
    Pages: 1 Online-Ressource (xxvii, 411 pages) , illustrations
    Series Statement: Economists of the twentieth century
    Parallel Title: Erscheint auch als
    Parallel Title: Elektronische Reproduktion von Meltzer, Allan H., 1928 - 2017 Money, credit and policy
    DDC: 332.4
    Keywords: Money ; Credit ; Monetary policy
    Abstract: Money and credit are key themes of Allan H. Meltzer's ground-breaking work which is celebrated in this outstanding collection of his essays and papers. Money, Credit and Policy covers the demand for money, the relation of money to output, the role of credit and debt, regulation of financial institutions, the influence of uncertainty and macroeconomic policy. Focusing on the relations between money and credit, and in turn their relationship to output, prices and inflation, this volume includes Meltzer's early work on the demand for money - in which he suggested that the much-discussed instability of the demand for money arises from the use of Keynesian demand equations - as well as his recent contributions on trade, credit and intermediation. Among the many important papers featured in this volume, there is an analysis of why the Federal Reserve of the 1930s persisted in its deflationary policy stance for years, despite its effects, and a discussion of the limits of stabilization policy. The concluding section considers the effects of uncertainty and the reasons for the rise and fall of the dollar during the 1980s, reflecting Meltzer's continuing interest in practical policy issues
    Description / Table of Contents: Contents: Introduction -- Part I: the demand for money -- Part II: money supply and output -- Part III: credit and money -- Part IV: financial regulation -- Part V: uncertainty -- Part VI: macro policy -- Index.
    Note: Includes bibliographical references and index
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  • 21
    Online Resource
    Online Resource
    Cheltenham, UK : Edward Elgar Publishing
    ISBN: 9781035303052
    Language: English
    Pages: 1 Online-Ressource (x, 283 pages) , illustrations
    Series Statement: Studies in the economics of trust v. 1
    Parallel Title: Erscheint auch als
    DDC: 302.3/5
    Keywords: Entrepreneurship ; Corporate culture ; Business ethics
    Abstract: Trust is increasingly recognized as a crucial aspect of successful economic relationships, albeit a difficult one to define, and Mark Casson has been at the forefront of recent research in this area. In this sequel to his classic work The Entrepreneur, Professor Casson examines how the entrepreneurial firm succeeds by synthesizing information from different sources. The quality of this information is just as important as the quantity and the cheapest way to ensure quality is through a moral obligation to tell the truth. The author argues that a nation needs to invest in social institutions, such as schools, families and organized religion, in order to instil a sense of moral obligation and so sustain entrepreneurial success. Themes raised in this important volume include cultural perspectives on economic issues, entrepreneurship in a cultural context and the political economy of national culture. Entrepreneurship and Business Culture presents a state-of-the-art analysis of entrepreneurship and the social structures in which it is embedded. Together with its companion volume, The Organization of International Business, this topical and wide-ranging book offers a definitive analysis of the importance of trust in economic life as well as the related concepts of networking, consultation and empowerment
    Description / Table of Contents: Contents: Preface -- Acknowledgement -- Part I. Cultural issues in economic perspective -- Part II. Entrepreneurship in a cultural context -- Part III. The political economy of national culture -- Index.
    Note: Includes bibliographical references and index
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  • 22
    Online Resource
    Online Resource
    Cheltenham, UK : Edward Elgar Publishing
    ISBN: 9781035303090
    Language: English
    Pages: 1 Online-Ressource (384 pages)
    Parallel Title: Erscheint auch als
    Parallel Title: Elektronische Reproduktion von Earl, Peter E., 1955 - Monetary scenarios
    Keywords: Financial institutions ; Monetary policy ; Keynesian economics
    Abstract: Monetary Scenarios is an original synthesis of post Keynesian macroeconomic and monetary theory with the new microeconomics of the behavioural, transaction cost and public choice theorists. These theoretical ideas are integrated with recent historical and institutional material from the United Kingdom, the United States and Australasia
    Note: Includes bibliographical references and index
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