Titlebook: Aspects of Central Bank Policy Making; Zvi Eckstein Conference proceedings 1991 Springer-Verlag Berlin · Heidelberg 1991 Bankpolitik.Centr

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Competitive Banking with Fractional Reserves and Regulations contract, must be paid solely upon its owner’s demand. Therefore, when demand deposits are backed by fractional reserves, self-fulfilling panics may occur, so that banks become inherently unstable (Friedman (1959)). Rolnick and Webber (1985) present the conventional view that inherent instability i

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A Case for Reforming Federal Deposit Insurancen 1933 to stem an instability problem in banking, deposit insurance succeeded as well as Congress could have hoped. More recently, however, as federally insured institutions have become less regulated, a problem with deposit insurance has surfaced. In order to allow banks to survive in a more compet

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ok place in January 1990 at the Bank of Israel and Tel Aviv University. The conference marked the tenth anniversary of the passing of David Horowitz who was the first governor of the Bank of Israel. The conference was sponsored by the Bank of Israel and the David Horowitz Institute for the Research

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Why Persist With a Failed Policy?,sage and the number of alternative bills drafted, considered and dismissed, the Act says very little about the purposes of the legislation. Decisions about how the central bank was to operate, and the objectives to be served, were left in large part to the organizers.

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Why is There a Drug Problem at All?,e which fare best. This procedure is unlikely to lead to a unique best choice, however, because more than one regime is expected to top the list. Regimes differ in their distributional implications, some favoring one set of countries and others favoring a different set.

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Business Intelligence in Higher Educationl to 15–20 percent. At the same time, the accelerated increase in Israel’s external debt was brought to an end and Israel’s financial standing in the international capital markets improved significantly. These accomplishments are still in place today, five years later.