Issues in Finance and Monetary Policy [Hardcover]

The book investigates the contemporary functioning of financial institutions and monetary policies in order to assess their effects in different economic situations. It advances some proposals to improve their contribution towards a more stable and vigorous economy in the context of both developed and developing countries.Introduction; J.McCombie & C.R.Rodriguez Strong Uncertainty and How to Cope with it to Improve Action and Capacity; P.Davidson Inflation Targeting: Assessing the Evidence; A.Angeriz & P.Arestis Transparency Versus Openness in Monetary Policy; E.Carre Dynamic Analysis of a Monetary Policy Shock on Banking Behaviour; E.Le Heron Credibility of Interest Rate Policies in Eight EMS Countries: An Application of the Markov Regime-Switching of a Bivariate Autoregressive Model; P.Arestis & K.Mouratidis Why do Firms Hedge? A Review of the Evidence; A.Judge Concentration Versus Efficiency and Financial Liberalization in Latin American Banking; G.Chortareas, J.G.G.Garc?a & C.Girardone The Role of Financial Institutions in the Context of Economic Development; S.BasuALVARO ANGERIZ Research Associate, Centre of Economic and Public Policy, University of Cambridge, UKPHILIP ARESTIS University Director of Research, Cambridge Centre for Economics and Public Policy, Department of Land Economy, University of Cambridge, UKSANTONU BASU Senior Lecturer, Banking and Finance, Queen Mary University, London, UKEMMANUEL CARR? University Montesquieu-IFREDE, Bordeaux, FranceGEORGIO CHORTAREAS Reader in International Finance, University of Essex, UKPAUL DAVIDSON Editor, Journal of Post Keynesian Economics; Visiting Scholar, New York School for Social Work, USA; Emeritus Professor, University of Tennessee, USAJESUS G. GARZA GARCIA Department of Accounting, Finance, and Management, University of Essex, UKCLAUDIA GIRARDONE Lecturer in Finance, University of Essex, UKEDWIN LE HERON Ma?tre de Conf?rences in Economics, Institut d'Etudes Politiques, Bordeaux, FranceAMRIT l’