Money And Banking: Issues For The Twenty-first Century : Essays In Honour Of Stephen F. Frowen Contemporary Issues In Money And Banking

The turbulent 1980s and 1990s have seen important developments in the area of money and banking; these are discussed in this volume, focusing on financial innovations, the EMS and international monetary systems, monetary policy is an interdependent world, liquidity constraints and monetary policy, and monetary problems of developing countries. Front Matter....Pages i-xxxiii Elasticities of Surprise in the Concept of Policy....Pages 1-6 Asset Deflation and Financial Fragility....Pages 7-24 The Value of Monetary Stability in the World Today....Pages 25-40 Central Bank Policy — Goals and Reality....Pages 41-54 Sources of Finance, Recent Changes in Bank Behaviour and the Theory of Investment and Interest....Pages 55-74 Bank Insolvency and Deposit Insurance: A Proposal....Pages 75-94 Home Country Deposit Insurance?....Pages 95-116 European Banking Strategies Beyond 1992....Pages 117-137 The Transmission of Monetary Policy in Interdependent Economies: An Empirical Investigation of the US and Europe....Pages 138-162 UK Monetary Aggregates — Definition and Control....Pages 163-191 Monetary Control: Theory, Empirics and Practicalities....Pages 192-219 An Evaluation of the Performance of P-star as an Indicator of Monetary Conditions in the Perspective of EMU: The Case of France....Pages 220-241 The Effectiveness of Monetary Policy in the Presence of Liquidity Constraints....Pages 242-260 The Use of Financial Spreads as Indicators of Real Activity....Pages 261-286 Financial Liberalisation and Economic Development: A Critical Exposition....Pages 287-303 Back Matter....Pages 304-319 Edited By Philip Arestis ; Foreword By Helmut Schlesinger. First Published In Great Britain 1988 Under The Title Contemporary Issues In Money And Banking--t.p. Verso. Includes Bibliographical References And Index.