Monetary Policy, Financial Crises, and the Macroeconomy

1. Monetary Policy, Financial Crises, and the Macroeconomy: Introduction
Frank Heinemann, Ulrich Klüh, Sebastian Watzka

Part I. Liquidity From a Macroeconomic Perspective

2. Balancing Lender of Last Resort Assistance with Avoidance of Moral Hazard
Charles Goodhart

3. Optimal Lender of Last Resort Policy in Different Financial Systems
Falko Fecht, Marcel Tyrell

4. Network Effects and Systemic Risk in the Banking Sector
Thomas Lux

5. Contagion Risk During the Euro Area Sovereign Debt Crisis: Greece, Convertibility Risk, and the ECB as Lender of Last Resort
Sebastian Watzka

6. The Case for the Separation of Money and Credit
Romain Baeriswyl

Part II. Putting Theory to Work: Macro-Financial Economics from a Policy Perspective

7. (Monetary) Policy Options for the Euro Area: A Compendium to the Crisis
Sascha Bützer

8. On Inflation Targeting and Foreign Exchange Interventions in a Dual Currency Economy
Ivana Rajković, Branko Urošević

9. Macroprudential Analysis and Policy: Interactions and Operationalisation
Katri Mikkonen

10. Are Through-the-Cycle Credit Risk Models a Beneficial Macro-Prudential Policy Tool?
Manuel Mayer, Stephan Sauer

11. Assessing Recent House Price Developments in Germany: An Overview
Florian Kajuth

Part III. Re-Conceptualizing Macroeconomics: An Interdisciplinary Perspective

12. German Unification: Macroeconomic Consequences for the Country
Axel Lindner

13. Approaches to Solving the Eurozone Sovereign Debt Default Problem
Ray Rees, Nadjeschda Arnold

14. Appraising Sticky Prices, Sticky Information and Limited Higher Order Beliefs in Light of Experimental Data
Camille Cornand

15. Rising Income Inequality: An Incentive Contract Explanation
Dominique Demougin

16. No More Cakes and Ale: Banks and Banking Regulation in the Post-Bretton Woods Macro-regime
Moritz Hütten, Ulrich Klüh

Nyckelord: Economics, Macroeconomics/Monetary Economics//Financial Economics, Political Economy/Economic Policy, Banking, Economic Growth, Risk Management