PHILIP ARESTIS is University Director of Research, Cambridge Centre for Economic and Public Policy, University of Cambridge, Senior Research Fellow, Wolfson College Cambridge, UK, and Professor of Economics at the Levy Economics Institute, New York City, USA. His publications include Introducing Macroeconomic Modelling: An Econometric Study of the United Kingdom, Money, Pricing Distribution and Economic Integration, What Global Economic Crisis?, The Post-Bubble USA Economy, Financial Liberalization and Financial Developments in National and International M

• Introduction; P.Arestis & G.Zezza Monetary Policy with Firms' Bank Dependence and Default Risk; G.Passamani; & R.Tamborini Assessing the New Keynesian Phillips Curves under Competing Expectation Hypothesis; O.Musy & S.Pommier The Taylor Rule and Financial Derivatives: The Case of Options; C.Oldani Credit Risk Management: Rationing vs Credit Derivatives and Consequences for Financial Stability; S.Vanacore Confidence, Monetary Policy and Macroeconomic Performance; D.Torre, E.Tosi & M.Dal-Pont Legrand Asymmetries as Sources of Conflict in a Monetary Union; P.Arestis, G.Chortareas & T.Pelagidis Alternative Fiscal Policy Rules and the Stabilization Problem in EMU: Theory and Simulations; J.Uxo & Mª J.Arroyo On the Minskian Business Cycle; K.Erturk Minsky's Vision and its Relationship with the General Theory; E.De Antoni Towards a Spatial Keynesian Macroeconomics; W.Mitchell & J.Juniper Monetary Shocks and Real Exchange Rate Dynamics; D.Federici & S.Santoro Macroeconomic Risk: Evaluation of International Reserves in Venezuela; C.Pagliacci & E.Ochoa World Bank Trade Models and the Doha Debate; R.von Arnim & L.Taylor Technology, Capital Flows and the Balance of Payments Constraint; M.Curado, G.Porcile & R.Viana