This is a clear guide to the German financial system. It begins by outlining its historical development, emphasising the growth of close ties between the banking system and industry, and goes on to describe in details the nature of the credit institutions in general and the money and capital markets. The book emphasizes the crucial role played by the autonomy of the Bundesbank and it explains with clear illustrations the instruments available to it to conduct monetary policy. It analyses the type of monetary target adopted by the Bundesbank in the early 1970s and deals with the ‘transferability’ of the West German financial system to other countries. Wherever relevant, parallels and differences between that system and the ones operating in the US and UK are pointed out.
A general introduction to surface and interfacial forces, perfectly combining theoretical concepts, experimental techniques and practical applications. In this completely updated edition all the chapters have been thoroughly revised and extended to cover new developments and approaches with around 15% new content. A large part of the book is devoted to surface forces between solid surfaces in liquid media, and while a basic knowledge of colloid and interface science is helpful, it is not essential since all important concepts are explained and the theoretical concepts can be understood with an intermediate knowledge of mathematics. A number of exercises with solutions and the end-of-chapter summaries of the most important equations, facts and phenomena serve as additional tools to strengthen the acquired knowledge and allow for self-study. The result is a readily accessible text that helps to foster an understanding of the intricacies of this highly relevant topic.
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