The instability of export earnings in LDCs and its presumably harmful economic effects have been broadly discussed in the economic literature and among policy makers in international meetings. In analyzing these effects, the destabilization of producer incomes and farmers' risk response play a...

Für Thomas Mayer, Deutsche Bank, erscheint es sinnvoll, dass die EZB den Leitzins auf sein neutrales Niveau hochführt. Noch wichtiger für die Wahrung der Stabilität des Euro wäre es aber, dass sich die EZB aus der Finanzierung von durch Insolvenz bedrohten Staaten und ihren Banken...

Die Hauptkritik der Globalisierungsgegner zielt auf die internationalen Finänzmärkte. Welche Bedeutung haben die Finanzmärkte für die Weltwirtschaft? Was wird im einzelnen kritisiert? Ist die Kritik gerechtfertigt?

The effects of an appreciation of the deutsche mark are traced with the help of a computable general equilibrium model under alternative structural policy scenarios. In the first scenario, characterized by severe structural rigidities, the contractionary effects of exchange rate appreciation...

The rising trend toward protectionism in industrial countries, if unchecked, could critically constrain the growth and development prospects of developing countries. Many developing countries are undertaking difficult adjustment efforts to overcome their balance of payments and external debt...

This paper surveys the monetarist position on various aspects of American monetary policy in an informal way and provides the personal reactions of a participant observer in this debate. It emphasizes the intellectual milieu in which monetarism emerged, the background factors that facilitated...