This book looks at the economic system as a system of co-ordinated activities and tries to encompass several dimensions: - a larger variety of co-ordinating devices (institutions) than in mainstream economics; - a greater attention to the interdependence between types of co-ordinating devices of...

Against the background of the international debt problem which originated with the oil shocks of the seventies, this book undertakes a theoretical analysis of the factors determining aggregate external debt, using the example of a raw material importing country. Instead of the usual static...

The papers collected in this volume provide new insights into some important problems of monetary theory and contribute significantly to the development of a new area based on monetary policy games. In Part I the reader will find new results on some specific topics of monetary theory, which are...