Titlebook: Investing Today for the World of Tomorrow; Studies on the Inves Deutsche Bundesbank Conference proceedings 2001 Springer-Verlag Berlin Heid

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Capital-Market Imperfections, Investment, and the Monetary Transmission Mechanism, exchange between the central bank and the banking system has consequences in addition to those for open market interest rates. At the risk of oversimplifying the debate, the question is often asked as whether the traditional interest rate or ‘money view’ channel presented in most textbooks is augmented by a ‘credit view’ channel..

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Discussion,uming price stickiness real interest rates change leading to adjustments in interest-sensitive expenditure. This is particularly the case of investment through changes in the real cost of capital. In general, it is the effects induced by monetary policy on the real costs of funds, which is in the paper identified with the ‘money view’.

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Corporate Governance and the Financing of Investment for Structural Change,es this concern with banks and markets aside and instead proposes to focus attention on the industrial corporation as a financial institution in its own right. Corporate managers have significant discretion in the use of corporate funds. As these funds are used, they fulfil a financing role of their own.

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contrast to the situation in the United States, investment activity in Europe has been quite modest over the past few years. This volume gathers together a number of papers by prominent researchers in the field of investment. It provides an overview of recent developments in this area and presents n