Abstract
Contents: Introduction Claude Gnos and Louis-Philippe Rochon PART I: ENDOGENOUS MONEY AND FINANCIAL CRISIS 1. A Minsky Moment? The Subprime Crisis and the 'New' Capitalism Riccardo Bellofiore and Joseph Halevi 2. Lessons from the 1929 Crash and the 1930s Debt-deflation: What Bernanke and King Learned, and what they could have learned. Robert Dimand 3. The Collapse of Securitization: From Subprimes to Global Credit Crunch Robert Guttmann PART II: MONETARY POLICY AND POLICY RULES 4. From Monetary to Fiscal Policy Rule: A Matter of Adjustment or Choice? Theodre Koutsobinas 5. Money Creation, Employment and Economic Stability: The Monetary Theory of Unemployment and Inflation Alain Parguez 6. Monetary Policy Without Reserve Requirements: Central Bank Money as Means of Final Payment on the Interbank Market Louis-Philippe Rochon and Sergio Rossi 7. Post Keynesian Interest Rate Rules and Macroeconomic Performance: A Comparative Evaluation Louis-Philippe Rochon and Marc Setterfield PART III: MONETARY POLICY UNDER THE BASEL II ACCORD 8. Basel II: A New Regulatory Framework for Global Banking Robert Guttmann 9. The Basel II Influence on the Money Supply Process: A Comparative Analysis between Eurozone and the USA Stelios Karagiannis, Yannis Panagopoulos and Aristotelis Spiliotis 10. Implications of Basel II for National Development Banks Rogerio Sobreira and Patricia Zendron PART IV: INFLATION TARGETING, NEW CONSENSUS MACROECONOMICS AND MACROECONOMIC POLICY 11. Inflation Targeting Drawbacks in the Absence of a 'Natural' Anchor: A Keynesian Appraisal of the FED and ECB Policies Over the Period 1999-2006 Angel Asensio 12. Fiscal Policy in the Macroeconomic Policy Mix: A Critique of the New Consensus Model and a Comparison of Macroeconomic Policies in France Eckard Hein and Achim Truger 13. Re-thinking Macroeconomic Policies Malcolm Sawyer 14. Turkish Monetary Policy in a Post-Crises Era: A Further Case of 'New Consensus'? Ulas Sener 15. A Macroeconomic Policy in Cognitive Capitalism Paradigm Andrea Fumagalli and Stefano Lucarelli Index
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