MONETARY POLICY, FINANCIAL CRISES, AND THE MACROECONOMY

Front Matter ....Pages i-viii
 Monetary Policy, Financial Crises, and the Macroeconomy: Introduction  (Frank Heinemann, Ulrich Klüh, Sebastian Watzka)....Pages 1-16
Front Matter ....Pages 17-17
 Balancing Lender of Last Resort Assistance with Avoidance of Moral Hazard  (Charles Goodhart)....Pages 19-26
 Optimal Lender of Last Resort Policy in Different Financial Systems  (Falko Fecht, Marcel Tyrell)....Pages 27-57
 Network Effects and Systemic Risk in the Banking Sector  (Thomas Lux)....Pages 59-78
 Contagion Risk During the Euro Area Sovereign Debt Crisis: Greece, Convertibility Risk, and the ECB as Lender of Last Resort  (Sebastian Watzka)....Pages 79-104
 The Case for the Separation of Money and Credit  (Romain Baeriswyl)....Pages 105-121
Front Matter ....Pages 123-123
 (Monetary) Policy Options for the Euro Area: A Compendium to the Crisis  (Sascha Bützer)....Pages 125-162
 On Inflation Targeting and Foreign Exchange Interventions in a Dual Currency Economy  (Ivana Rajković, Branko Urošević)....Pages 163-176
 Macroprudential Analysis and Policy: Interactions and Operationalisation  (Katri Mikkonen)....Pages 177-200
 Are Through-the-Cycle Credit Risk Models a Beneficial Macro-Prudential Policy Tool?  (Manuel Mayer, Stephan Sauer)....Pages 201-224
 Assessing Recent House Price Developments in Germany: An Overview  (Florian Kajuth)....Pages 225-235
Front Matter ....Pages 237-237
 German Unification: Macroeconomic Consequences for the Country  (Axel Lindner)....Pages 239-263
 Approaches to Solving the Eurozone Sovereign Debt Default Problem  (Ray Rees, Nadjeschda Arnold)....Pages 265-295
 Appraising Sticky Prices, Sticky Information and Limited Higher Order Beliefs in Light of Experimental Data  (Camille Cornand)....Pages 297-306
 Rising Income Inequality: An Incentive Contract Explanation  (Dominique Demougin)....Pages 307-323
 No More Cakes and Ale: Banks and Banking Regulation in the Post-Bretton Woods Macro-regime  (Moritz Hütten, Ulrich Klüh)....Pages 325-349
Back Matter ....Pages 351-351