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- W2299488869 abstract "The theory of international financial markets considers the origins and developments of such markets, the functions they serve, their potential of creating international liquidity, and their impact on national monetary policies. The paper provides an overview of the issues debated in the early 1980s and sees a non-negligible impact of the rapid growth of international financial markets on inflation, on the stability of the international financial system and exchange rates, and on the conduct of national monetary policies. Monetary authorities are swamped by the high speed of spreading financial innovations which can often be controlled only ex post. Already the international debt crisis of the early 1980s demonstrated that coordinated international activities were necessary to regulate the cross-border business of financial institutions." @default.
- W2299488869 created "2016-06-24" @default.
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- W2299488869 date "1983-01-01" @default.
- W2299488869 modified "2023-09-23" @default.
- W2299488869 title "Theorie Der Internationalen Finanzmärkte Aus Der Sicht Der Nationalen Geldpolitik (Theory of International Financial Markets Viewed From a National Monetary Policy Perspective)" @default.
- W2299488869 hasPublicationYear "1983" @default.
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