Problems of measuring money supply in the Euro Area

With just a few weeks left to go before responsibility for monetary policy is transferred from the EMU member countries to the European Central Bank, there is still no standardised concept for measuring a euro area money supply which could serve as a statistical basis for a money-supply oriented monetary policy strategy. Which problems remain to be solved?     

Global financial liberalisation GATT,EC and OECD approaches

In view of increasing worldwide economic integration, effective multinational agreements are urgently needed to improve the functionality, efficiency and stability of international financial operations. This article confronts theoretical characteristics of a desirable global financial concept with the actual liberalisation approaches of different organisations.     

Forward-Looking Belief Elicitation Enhances Intergenerational Beneficence

Environmental and Resource Economics - One of the challenges in managing the Earth’s common pool resources, such as a livable climate or the supply of safe drinking water, is to motivate...