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"An up-to-date analysis of monetary policy, with a particular focus on the United Kingdom. The book considers questions about how it actually works in practice, and what it should do. It also considers many of the contributions made by economists, both theoretical and empirical, which shed light on monetary policy. One of the aims of the book is to impart this knowledge in an intelligible way to those with a reasonable grasp of basic economics"--

There has been a remarkable rise in the transparency of monetary policy during the last two decades. This paper provides an overview of the ways in which central banks have been providing more information about their monetary policymaking. Furthermore, it reviews the theoretical literature on monetary policy transparency and relevant empirical findings. The focus is on understanding two key developments, the notable increase in openness about macroeconomic prospects and the recent advance of forward policy guidance.

Gonçalves, Carlos Eduardo Soares: Monetary policy independence and floating exchange rates: what does the Brazilian evidence tell us? - S. 29-35. Palley, Thomas: Escaping the dept constraint on growth: a suggested monetary policy for Brazil. - S. 36-49 Maria Rita Loureiro e Fernando Luiz Abrucio: Política e reformas fiscais no Brasil recente. - S. 50-72

After giving an overview of Fijian geography, recent history and latest econmic development, this study deals with a detailed description of the country's financial system and its institutional arrangement. In particular the reader is informed about the Reserve Bank of Fiji, its domestic and international monetary policy anad the country's supply of demand for money. Finally, the author gives some remarks about strategies for the conduct of monetary policy in Fiji. (DÜI-Sbt)

What is the optimal institutional structure for an independent central bank? The paper shows when it will be optimal for a country to have a central bank to be organized according to federal, purely national or a combination of both aspects. The analysis is then extended to a supranational monetary union and it is shown which organizational structure of a common central bank is optimal for participating countries and when they are willing to join. The implications for an enlargement of a monetary union are derived as well.