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This book examines the area of financial regulation in the banking sector. Editors Mayes and Wood bring together such acadmics as Charles Goodhart, Charles Calomiris and Kern Alexander whose expertise shines through this volume to provide a reference tool for researchers, students and bankers themselves which will prove invaluable.
David Mayes proposes a new religious paradigm in early modern rural Germany. “Communal Christianity,” the religious practice prevalent among peasants in mid-sixteenth-century rural Upper Hesse is juxtaposed with the more formally organized “Confessional” sects (e.g. Lutheran, Calvinist). The author describes Communal Christianity’s characteristics and persistence in the face of attempts at confessionalization during the period of 1576-1648 and links its success in part to the decree of the 1555 Religious Peace of Augsburg that only one confessionalized Christian sect be officially recognized in a territory. Confessional sects became marginalized, and more locally well-established peasant communes retained power. The 1648 Peace of Westphalia encouraged reconciliation of confessionalized Christian sects, paradoxically spurring the decline of Communal Christianity in certain locales.
A mixture of academic and practitioner research, this is the most detailed book available that provides an account of open market operations. With broad international appeal it includes discussions of central bank operations in Europe, North America, Australia and Japan. Exploring the effectiveness of short-term interest rates and other modern cent
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This volumea (TM)s thematic and geographical perspectives on Lutheran ecclesiastical life invite readers to delve into post-Reformation efforts to continue the work of the Wittenberg reformers in new circumstances and times, applying their insights to concrete challenges in church and society.
Economic integration within the European community has come ever closer, but a reduction in social disparities are as far away as ever. The current neo-liberal policies favour the relatively wealthy regions at the expense of less favoured regions.
Recent failures and rescues of large banks have resulted in colossal costs to society. In wake of such turmoil a new banking union must enable better supervision, pre-emptive coordinated action and taxpayer protection. While these aims are meritorious they will be difficult to achieve. This book explores the potential of a new banking union in Europe. This book brings together leading experts to analyse the challenges of banking in the European Union. While not all contributors agree, the constructive criticism provided in this book will help ensure that a new banking union will mature into a stable yet vibrant financial system that encourages the growth of economic activity and the efficient allocation of resources. This book will be of use to researchers interested in Banking, Monetary Economics and the European Union.
Introduction : religious toleration and the Reformation of the refugees -- Religious refugees and the rise of confessional tensions -- Calvinist discipline and the boundaries of religious toleration -- The strained hospitality of the Lutheran community -- Surviving dissent : Mennonites and Catholics in Wesel -- The practice of toleration : religious life in Reformation-era Wesel.
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Bank failures, like illness and taxes, are almost a certainty at some time in the future. What is less certain is their cost to and adverse implications for macroeconomies. Past failures have frequently been resolved at very high cost to society. However, the cost could be reduced through having a well-developed, credible and widely publicized plan ready to put into action by policymakers. If no such plan is ready when a large bank approaches insolvency, political pressures are likely to influence the response of regulators.Minimizing immediate, short-run costs are likely to outweigh minimizing further out, longer-run and longer-lasting costs, even if these delayed costs promise to be substantially greater. Stated differently, today will win out over tomorrow and politics will trump economics. How best to prevent such unfavorable outcomes is the major theme of this volume. The articles presented review past insolvency resolutions, draw lessons from these resolutions, discuss impediments to efficient resolutions ? including cross-country, cross-regulator, and institutional challenges ? and recommend how to move forward.