This chapter explores Keynes’s monetary thought with a focus on financial instability and crises. Keynes’s early monetary work, Indian Currency and Finance (1913), shows his keen concerns for financial instabilities and his appreciation of central banks’ lender-of-last-resort role. In his...

This chapter highlights key shortcomings and failures of Europe's Economic and Monetary Union - essentially the most advanced case of regional integration in the world, inspiring numerous other initiatives including among developing countries, but fatally flawed and limited. The European...

This book takes a broad perspective to challenge orthodox views about the role of Euroland in the world economy, providing a comprehensive framework to address important questions for the future of the Euro, including the key question: will the single currency contribute to world economic...

Main description: Die Herrschaft des Nationalsozialismus brachte für die deutsche Wirtschaftswissenschaft einen gewaltigen Aderlaß und ein weitestgehendes Erliegen des internationalen Gedankenaustausches. Die Jahre nach Ende des Krieges und der Gewaltherrschaft waren demzufolge Jahre eines...