Government Policies and the Working of Financial Systems in Industrialized Countries

A Opening Addresses.- I Introduction.- II Government Policies and the Working of Financial Systems in Industrialized Countries.- III Financial Policy at the Crossroads.- IV Does Ample Money Creation Stimulate Recovery?.- B Large and Persisting Public Sector Deficits: Short-Term Demand Thrust and Long-Term Policy Implications.- V Public Sector Deficits, Money Supply, Interest Rates and Saving Behaviour.- VI The Crowding Out Debate — the German View.- VII Large and Persisting Public Sector Deficits: Short-term Demand Thrust and Long-term Policy Implications.- VIII Un Réexamen de Quelques Questions Traditionnelles Appliqué au Cas des Déficits Publics en France.- C Size and Composition of The Public Sector Budget: Implications for Private Sector Finances.- IX Le Financement du Secteur Public et du Secteur Privé.- X On the Rationale and Implications of Constraints on the Choices of Deposit-taking Financial Intermediaries.- XI The “Crowding Out” of Financial Intermediaries.- XII Size and Composition of the Public Sector Budget: Implications for Private Sector Finances.- D Debt Management, Financial Regulations and Monetary Policy.- XIII Budget Deficits, Monetary Growth and Financial “Crowding Out”.- XIV Innovations Financières, Politique Monétaire et Financement de Déficits Publics.- XV Debt Management, Financial Regulations and Monetary Policy.- XVI The Maturity Structure of the Belgian Government Debt: Causes and Possible Solutions.- XVII Real Rates of Interest and Public Sector Deficits: an Empirical Investigation.- E Are Fiscal and Monetary Policies Independent Instruments?.- XVIII Tax Policy and Monetary Instruments.- XIX Government Deficits, Interest Rates and Monetary Policy.- XX Financial Aspects of Government Debt Sales in the UK.- XXI Are Fiscal andMonetary Policies Independent Instruments? The Spanish Experience.- F Report on the Colloquium.- XXII Final Report.- G Appendix.- Statistical Background Material.