Globalization of Capital Markets and Monetary Policy

List of Boxes, Figures, Tables and Appendices Notes on Contributors Preface Introduction; H.Tomann PART I: ISSUES OF STABILITY IN A GLOBAL FINANCIAL SYSTEM Some Reflections on Financial Stability; C.A.E.Goodhart Bankruptcy Procedures, Corporate Governance and Banks' Credit Policy in Croatia, Estonia and Poland; T.Kowalski, E.Kraft, A.Mullineux, V.Vensel & C.Wihlborg The Globalization of Securities Markets; N.Walter Scale and the Political Economy of Financial Change; J.Grahl Comment; M.Hüther Dollar Volatility and its Impact on World Financial Markets; S.F.Frowen & E.Karakitsos PART II: MONETARY POLICY STRATEGIES On the Theoretical Foundation of Monetary Policy; W.Heering Comment; W.W.Schelkle Fraternal Twins: Why the Fed and the ECB are More Similar than Often Suggested; H.Enderlein Comment; G.Fontana Central Bank Transparency: Reasons for 'Creative Ambiguity'; E.Muchlinski PART III: MONETARY POLICY IN EMERGING ECONOMIES Money and Credit Market Integration in the Run Up to EU Eastern Enlargement; J.Hölscher Acceding Countries on the Road to EMU: Introducing the Euro in Two Waves?; A.Bley Comment; J.Stephan Currency Union Entries and Trade; V.Nitsch Comment; É.K.Polgár China's Under-Valuation of the Currency; A.Sommer Comment; S.Dullien Index