Monetary Theory and Monetary Policy

These conference proceedings bring together new essays on a variety of key issues in the field of domestic and international monetary economics. They cover aspects of monetary theory and monetary policy, with a view to finding new ways of analysing both existing and emerging monetary problems in an increasingly unstable world economy characterised by rapid and often unexpected change. The erosion of boundaries for financial transactions over recent years has led to much uncertainty and confusion in the world market. These papers cover a wide range of topics aimed at meeting some of the challenges likely to arise during the late twentieth century and beyond. By questioning the orthodox paradigms in monetary economics and generating controversy, this volume will be an essential - albeit controversial - reference point not only for economists, but for central and commercial bankers, for businessmen and for politicians, too.