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Regional Interest Rate Policy

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  • Reiner Peter Hellbrück

Abstract

The approaches to resolving the financial and economic crisis adopted to date tend to deal with the real part of the economy. Every transaction consists of a service rendered and a consideration received. Reiner Peter Hellbrück, University of Hohenheim, looks for the determinants of current account balances in financing and shows that a regional interest rate policy constitutes a monetary policy lever that would seem able to reverse current account flows.

Suggested Citation

  • Reiner Peter Hellbrück, 2012. "Regional Interest Rate Policy," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 65(15), pages 27-34, August.
    • Handle: RePEc:ces:ifosdt:v:65:y:2012:i:15:p:27-34
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    References listed on IDEAS

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    1. Christian Kastrop & Ludger Schuknecht & Carsten Zinkan, 2012. "Follow-up: EU Summits: Can a Fiscal Union Save the Euro?," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 65(05), pages 15-19, March.
    2. Hans-Werner Sinn, 2012. "Die Target-Kredite der Deutschen Bundesbank," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 65, pages 03-34, March.
    3. Thomas Straubhaar & Henning Vöpel, 2012. "The euro and financial crisis: Should the ECB Extend Its Mandate Beyond Containing Inflation?," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 65(02), pages 04-07, January.
    4. Benjamin Born & Teresa Buchen & Kai Carstensen & Christian Grimme & Michael Kleemann & Klaus Wohlrabe & Timo Wollmershäuser, 2012. "Withdrawal of Greece from the European Monetary Union: Historical experience, macroeconomic consequences and organisational implementation," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 65(10), pages 09-37, May.
    5. Hans-Werner Sinn, 2012. "Die Target-Kredite der Deutschen Bundesbank," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 65(1), pages 03-34, March.
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    More about this item

    JEL classification:

    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
    • E43 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Interest Rates: Determination, Term Structure, and Effects

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