The Federal Reserve’s Quantitative Easing (QE) policies have injected significant liquidity into financial markets. While a vast literature examines the implications of QE, its effect on the financial markets of small open economies is yet to be fully understood. This paper uses Australia as a...

History witnesses that despite monometalism and bimetallism dominated by gold and silver playing important role of money in the past, later adopted system of trimetalism with another less valuable metal such as copper serving as loose change replaced it as being more practical. It is surprising...

Monetary Policies and Inflation Targeting in Emerging Economies Edited by Luiz de Mello Table of contents Executive summary 9 Chapter 1 Monetary...