This 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. This book includes important contributions on the theory and econometric testing of monetary policy strategies, hedging by firms, financial liberalization in Latin America and the role of financial institutions in promoting economic development.

This collection of essays on Verdoorn's Law--the relationship between the growth of industrial productivity and output--presents a number of comprehensive surveys and assessments of the vast literature available. The collection not only includes an English translation of Verdoorn's seminal article originally published in Italian, but also new empirical evidence for the Verdoorn Law and new developments in the theoretical modeling of cumulative causation.

With unprecedented trends towards globalization, the repercussions of economic crises are more profound than ever before, particularly for developing countries. What Global Economic Crises? bridges the gap between theory and policy-making by examining the destabilizing effects of financial crises on economic growth, stability, and development. It also presents innovative ideas intended to inform the design of institutions able to foster more effective international policy coordination.

This collection of essays on Verdoorn's Law - the relationship between the growth of industrial productivity and output - presents a number of comprehensive surveys and assessments of the vast literature available. The collection not only includes an English translation of Verdoorn's seminal article originally published in Italian, but also new empirical evidence for the Verdoorn Law and new developments in the theoretical modelling of cumulative causation.

Economics has become an excessively esoteric discipline. Opportunities to bridge the gap between theorizing and policymaking are becoming increasingly limited. One issue of great importance to modern policymakers is the relationship between globalization and economic crisis. With unprecedented trends towards globalization (in part propelled by developments in information technology), the repercussions of economic crisis are more profound than ever before, particularly for developing countries. What Global Economic Crisis? seeks to bridge the gap between theory and policy by examining the destabilising effects of financial crises on economic growth, stability and development. It also presents some innovative ideas intended to inform the design of institutions able to foster more effective international policy coordination.