13 Ergebnisse.

The idea of free (or laissez-faire) banking has enjoyed a remarkable renaissance in recent years. It is a novel idea that challenges much of what many banking scholars still take for granted - that banking is inherently unstable, that the banking system needs a lender of last resort or deposit insurance to defend it in a crisis, and that the government has to protect the value of the currency. Against this free banking sets an argument which i...

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Kevin Dowd argues that states must allow a level playing field as far as private money is concerned. For too long the government has stifled competition between state-backed and private currencies. Instead, central banks should welcome competition as it forces them to offer consumers greater choice and improved quality. A weakened ability to store value, growing restrictions on finance, oppressive taxes and a lack of financial privacy have res...

Perché non la libera, piena concorrenza anche nel campo della monetazione e dell'attività bancaria? La crisi finanziaria ha svelato la debolezza di un sistema nel quale l'emissione di moneta è di esclusivo appannaggio pubblico. Il monopolio della moneta e della regolazione finanziaria crea nuovi conflitti d'interessi. Kevin Dowd sostiene invece che abolire le banche centrali sia possibile e desiderabile: questo libro espone i pregi di un siste...

Kevin Dowd asserts that state intervention into financial and monetary systems has failed, and that we would be better off if financial markets were left to regulate themselves. This collection will appeal to students, researchers and policy makers in the monetary and financial area.

This book examines the history of modern monetary and banking arrangements, some of the major monetary and banking problems, and options for meaningful reform. The common theme of all the essays is that current arrangements result less from the accomplishments of great men than man-made institutions that society has inherited -- central banks and the legal and regulatory frameworks that accompany them. The contributors emphasize the impact of ...

Fully revised and restructured, Measuring Market Risk, Second Edition includes a new chapter on options risk management, as well as substantial new information on parametric risk, non-parametric measurements and liquidity risks, more practical information to help with specific calculations, and new examples including Q&A,

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Competition and Finance offers a new, unified treatment of the fields of financial and monetary economics. The first part integrates recent developments in agency theory and information economics into a unified financial theory of the firm. A review of recent developments in the economics of banking and then monetary economics leads to a conclusion assessing present-day systems of central banking and proposing financial and monetary reform.

This documents the revival of free banking in recent years, combining chapters on the theory of laissez-faire banking, the historical experience of it and the solutions it might offer to current banking crises.

Risikoabschätzung und -management - ein 'heißes' Thema der internationalen Finanzwelt, und das nicht erst seit dem Zusammenbruch von Barings! Dieses Buch erläutert die wichtigsten Methoden der Risikobewertung, insbesondere VAR ('Value at Risk'), in einfacher, verständlicher Form und untersucht die theoretischen Grundlagen der Hilfsmittel und Techniken, anhand derer Finanzdienstleister ihr Risiko berechnen.

* Includes a CD-ROM that contains Excel workbooks and a Matlab manual and software. * Covers the subject without advanced or exotic material.