Monetary Policy and Central Banking
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Monetary Policy and Central Banking

New Directions in Post-Keynesian Theory

Edited by Louis-Philippe Rochon and Salewa ‘Yinka Olawoye

Divided into two parts, this book presents a detailed, multi-faceted analysis of banking and monetary policy. The first part examines the role of central banks within an endogenous money framework. These chapters address post-Keynesian interest rate policy, monetary mercantilism, financial market organization and developing economies. In the second part of the book, the focus switches to the analysis of the financial crisis that began in 2007. The chapters in this section discuss the role of central banks in times of crisis.
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Chapter 10: The Euro and its Guardian of Stability: Fiction and Reality of the 10th Anniversary Blast

Jörg Bibow

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10. The euro and its guardian of stability: fiction and reality of the 10th anniversary blast Jörg Bibow* 1 INTRODUCTION As the tenth anniversary of the euro’s launch neared, European Union (EU) policy makers felt they deserved to be in celebrator...

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