20 Ergebnisse.

Since 1971, when the Bretton Woods gold exchange standard ended, the world has been on a fiat monetary regime, with various fiat currencies managed according to the discretion of the issuing country. Inherent in this regime is a basic problem-the ease with which the system lends itself to political manipulation. This study examines the emerging fiat regime in a world of nation states determined to preserve their sovereignty from erosion by the...

This study examines the critical issues underlying the search for a new economic paradigm to replace the basic one as postulated by Adam Smith 200 years ago. It also looks at the new global political economy that seems to be emerging and replacing the old policy consensus.

Addressing the world debt crisis, the author proposes a method for overcoming the dilemma. He develops a useful framework with which to approach the world debt problem, focusing on his co-operation theory, which calls for a bilateral approach on the part of creditor and debtor countries.

This work considers how the economics and history of the closing years of the 20th century may turn out to mark the era of transformation when the nation-states lose most of their ability to manoeuvre in ecnomics as finance and investment beome transnationalized.

Accelerating globalization of world markets and increasing interdependence of the economies of the world has made policy-making very complex, especially in the United States. One of the most debated subjects in recent years has been whether the U.S. is capable of simultaneously dealing with serious domestic challenges and economic challenges from the rest of the world. It is becoming more important for the generalist in economics, political sc...

The transformation of Eastern and Central Europe into functioning market democracies can be facilitated by incorporating the lessons of co-operation theory into standard economic theory. This text combines the results of game theory and policy analysis to present an understanding of this issue.

In his latest work, Macesich examines democracy and its economic counterpart, the free market, and the place of money (monetary and fiscal policy as controlled by the state bureaucracy) in such a system. DeTocqueville warned in the first half of the 19th century that democracy could falter as a consequence of citizens' diminished interest in restraining central authority. And now, there is evidence that vote-maximizing behavior of politicians ...

For Eastern European and other countries, market democracy offers an organizing principle for reform. This work stresses the importance for such an organizing principle, asserting that without it the state will again assume dominance.

In the years since World War II, the United States and other countries have created a new economic order which has produced one of the broadest and most sustained periods of prosperity in world history. The essence of this new economic order is a system of rules to govern, facilitate, and promote trade in goods and services. The result is applauded by some and condemned by others. This study discusses the roles of money, systems, and growth in...

This work provides an insight into monetary and political problems as they appear in past and ongoing struggles for monetary supremacy in the United States and elsewhere. The book argues that member nation-states with competing and conflicting agendas pose the most serious obstacle.

Only total reform of monetary and financial institutions will cure the economies of the former socialist countries.

This book puts forward the view that rational expectations have a key role in formulating economic policy and in determining economic activity, prices, interest rates, and employment rates. Arguing that economic policy crucially depends upon expectations about future government policies, the author supports his thesis by drawing on monetary theory as well as on the actual experiences of several post-World War II countries.

George Machesich's book argues that the poor performance of monetary policy can be attributed to the ease with which "money" slips into the political arena to become a singularly important political issue.

This volume demonstrates how monetary and financial organizations in the United States and abroad can be improved through a new addition to traditional monetary policy. Cooperation theory, a system developed from games theory, is shown to provide an appropriate action/reaction approach that can lead to cooperation without abandoning the free market. Institutional, theoretical, and empirical results of game theory, computer simulation, monetary...

This economics study argues that the processes of worldwide integration are facilitated by tying countries together in a system of flexible exchange rates externally, while putting in place a rules-oriented monetary regime internally.

Examines the economic and political reforms underway in Yugoslavia. Scholars from the US and Yugoslavia analyze this dramatic period of transition, suggesting how these changes can best be handled and how Yugoslavia's significant problems can be mitigated.

This volume treats various aspects of the Yugoslav economic model and focuses on the long-term program of stabilization undertaken by that country in the last few years.

Today's banking systems, from the prosperous American economy to muddled Europe and wobbly Japan, may not be in as good shape as is generally assumed. Although, for instance, large financial institutions face the challenges of the new Euro with confidence, small and mid-sized banks are not as well prepared to deal with the world's changing financial scene. While most banks' profits continue to come from lending, many have become exposed to les...

Keine Beschreibung.

This study examines concepts of nationalism as they effect stability in general, particularly economic stability, in Third World nations. Macesich discusses how emerging nations use economic nationalism as an integrative force to accelerate economic development. He shows how growing world interdependence makes such policies a major cause of monetary instability. In view of the dangerous side effects of economic nationalism, the author recommen...