Monetary Theory and Monetary Policy

These new essays cover aspects of monetary theory as well as monetary policy, the prime objective being the development of intellectual tools in order to find new ways of thinking to existing and new monetary problems in an increasingly unstable world economy marked by rapid and often unexpected changes, partly caused by the disappearance of boundaries for financial transactions. By challenging the orthodox paradigms in monetary economics and generating controversy, the volume will be an essential reference point for economists, central and commercial bankers, businessmen and politicians.

Inhalt
Preface - List of Participants - Notes on the Contributors - Introduction - The Unsolved Problems of the Eighties: a Challenge for the Nineties; C.K hler - Monetarism, Microfoundations and the Theory of Monetary Policy; D.Laidler - Monetarism in a World without Money; T.Mayer - The Evolution of the Banking System and the Theory of Monetary Policy; V.Chick - Financial Theory and Central Bank Policies; M.Goodfriend - The Demand for Money in the USA, the UK, Japan and West Germany: An Empirical Study of the Evidence since 1973; H.Buscher & S.F.Frowen - Money Supply, Interest Rate and Exchange Rate Targets: Conflicting Issues in an Open Economy; R.Pohl - Credit as Intermediate Target of Monetary Policy?; W.Filo - Monetary Theory and Policy in a Global Context with a Large International Debt; P.Davidson - Uncovered Interest Parity Condition between the United States and Europe under Different Exchange Rate Regimes; G.Kirchg ssner & J.Wolters - Monetary Policy Coordination in an Asymmetrical World: Future Prospects for the USA and Europe; E.Karakitsos - A Term Structure Approach to German Monetary Policy; W.Gebauer - Tracks towards a Common Monetary Policy in Europe; N.Kloten - Concepts and Implications of International Monetary Coordination; M.Willms - Address by Dr D.Hiss, at the First Monetary Conference of the Deutsche Bundesbank Chair of Monetary Economics in the Free University of Berlin - Comments on Monetary Theory and Monetary Policy: New Tracks for the 1990s; P.Zdrahal - Index