13 Ergebnisse.

In the only textbook to focus on both the costs and benefits of monetary unions, Paul De Grauwe explores current issues surrounding the Eurozone and critically analyses the theories and policies relating to monetary union.

The only textbook to discuss both the costs and benefits of monetary unions. The author addresses current issues surrounding the Eurozone and takes a critical approach in analysing the theories and policies relating to monetary union.

Paul De Grauwe examines why a healthy mix of market and state seems so difficult and analyses the internal and external limits of the market and the government, and the swing between these two points.

Modern macroeconomics has been based on the paradigm of the rational individual capable of understanding the complexity of the world. Challenging this paradigm using simple rules of behaviour this book applies a new model to real-life macroeconomic problems.

Keine Beschreibung.

Se quel che conta è la prosperità delle persone, il mercato e lo stato, eterni poli fra cui oscilla l'economia, non sono altro che strumenti per raggiungere quell'obiettivo e a nulla valgono le prese di posizione ideologiche. La contrapposizione stato vs mercato è superata: sarà sempre necessario prevedere un mix dei due. In questa dialettica che difficilmente trova un equilibrio, spesso eventi dirompenti vengono a favorire pericolose estremiz...

The most up-to-date insight into the topic, and the only textbook to fully assess the effects of leaving a monetary union~Provides the most authoritative analysis of the fragility of the European monetary unification and proposes a range of strategies to make the Eurozone more robust~The right mix of theoretical and applied analysis, providing students with a solid basis for examining monetary union and a balanced understanding of different ar...

The period since the Second World war has been an eventful and often disturbing one in the international monetary field. Economic theories have been propounded and modified both to explain these events and to influence future choices made by economic actors. This history of international monetary relations shows both how theoretical development affected private developments, and how the theories themselves have been judged - and often discarde...

Paul De Grauwe argues for a macroeconomics model--one that works with an internal explanation of the business cycle and factors in agents' limited cognitive abilities. By creating a behavioral model that is not dependent on the prevailing concept of rationality, De Grauwe is better able to explain the fluctuations of economic activity that are an endemic feature of market economies. This new approach illustrates a richer macroeconomic dynamic ...

Exchange Rates and Global Financial Policies brings together research and work done by world-class economist Paul De Grauwe over the past two decades. Drawing inspiration from behavioural finance literature, De Grauwe covers topics such as exchange rate economics, monetary integration (with particular attention on the Eurozone), and international macroeconomics.His work is categorised across three parts. The first part develops new theoretical...

Paul De Grauwe examines why a healthy mix of market and state seems so difficult and analyses the internal and external limits of the market and the government, and the swing between these two points.

This book provides an alternative view of the workings of foreign exchange markets. The authors' modeling approach is based on the idea that agents use simple forecasting rules and switch to those rules that have been shown to be the most profitable in the past. This selection mechanism is based on trial and error and is probably the best possible strategy in an uncertain world, the authors contend. It creates a rich dynamic in the foreign exc...

Recent theoretical developments in exchange rate economics have led to important new insights into the functioning of the foreign exchange market. The simple models of the 1970s, which could not withstand empirical evaluation, have been succeeded by more complex models that draw on theoretical work in such areas as the microstructure of financial markets and open economy macroeconomics. Additionally, new and powerful econometric techniques all...