With the collapse of the Bretton Woods system, any pretense of a connection of the world's currencies to any real commodity has been abandoned. Yet since the 1980s, most central banks have abandoned money-growth targets as practical guidelines for monetary policy as well. How then can pure "fiat" currencies be managed so as to create confidence in the stability of national units of account? Interest and Prices seeks to provide theoretical foundations for a rule-based approach to monetary policy suitable for a world of instant communications and ever more efficient financial markets. Interest and Prices - Michael Woodford od authora Michael Woodford a nakladatelství za skvělé ceny na e-shopu Martinus. cz.
| Autor |
Michael Woodford |
| Jazyk |
anglický |
| Počet stran |
800 |
| Rok vydání |
2003 |
| Žánr |
naučná |
| Typ |
filmy |
| Nakladatelství |
Princeton Scientific |
