Distributing Seigniorage Under Emu
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Distributing Seigniorage Under Emu
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Author : Daniel Gros
language : en
Publisher:
Release Date : 1998
Distributing Seigniorage Under Emu written by Daniel Gros and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1998 with Monetary policy categories.
Eurowinners And Eurolosers
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Author : Hans-Werner Sinn
language : en
Publisher:
Release Date : 2010
Eurowinners And Eurolosers written by Hans-Werner Sinn and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010 with categories.
The European Monetary Union (EMU) will involve socialization of the existing seigniorage wealth of the national central banks, because the Euro will have to be bought by these banks in exchange for assets which have been accumulated in the historical process of money creation. This socialization will create windfall gains for countries with relatively low monetary bases such as France and the UK and it will be disadvantageous for countries like Germany, the Netherlands and Spain which will suffer per capita wealth losses of between 406 and 182 ecus. This paper quantifies the gains and losses in seigniorage wealth under alternative membership and bank regulation scenarios.
Eurowinners And Erurolosers
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Author : Hans-Werner Sinn
language : en
Publisher:
Release Date : 1997
Eurowinners And Erurolosers written by Hans-Werner Sinn and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1997 with Currency question categories.
Eurowinners And Eurolosers
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Author : Hans-Werner Sinn
language : de
Publisher:
Release Date : 1996
Eurowinners And Eurolosers written by Hans-Werner Sinn and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1996 with categories.
Seigniorage
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Author : Jens Reich
language : en
Publisher: Springer
Release Date : 2017-09-10
Seigniorage written by Jens Reich and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-09-10 with Business & Economics categories.
This book analyzes the revenues from the creation of currency by a central government. Adopting an institutional perspective, it develops a general theory of seigniorage by identifying three monetary regimes in economic history and the history of economic thought: a commodity currency, a fiat currency and a credit currency regime. As such it provides a modern analytical framework to analyze the nature of revenues from the creation of currency and their optimal height, whether currency is issued by means of minting coins, by printing and spending paper notes, by crediting private entities, or combinations thereof. The results of this analysis stretch beyond the immediate topic. The book establishes a relationship between the theory of seigniorage and government debt, the theory of the interest rate, the optimal rate of inflation, or the effectiveness and inflationary limits of outright monetary transactions.
Open Issues In European Central Banking
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Author : L. Smaghi
language : en
Publisher: Springer
Release Date : 2000-01-04
Open Issues In European Central Banking written by L. Smaghi and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2000-01-04 with Business & Economics categories.
With the start of EMU, the Eurosystem has taken over monetary policy for the 11 countries of the Euro-area. But the division of powers within the Eurosystem, between the European Central Bank and the constituent National Central Banks, is not satisfactory. This volume provides an analysis of the strengths and weaknesses of the Eurosystem and offers concrete proposals concerning the decision-making organs, balance sheets and the distribution of seigniorage.
European Monetary Integration
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Author : Paul J.J. Welfens
language : en
Publisher: Springer Science & Business Media
Release Date : 2012-12-06
European Monetary Integration written by Paul J.J. Welfens and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-12-06 with Business & Economics categories.
Monetary integration in the EC will continue with the desired hardening of the European Monetary System that is expected to lead to an EC central bank in the 1990s. Why has the European Monetary System been so successful and what role has the Deutsche Bundesbank played in monetary policy and the EMS in Europe? This book gives an assessment of the EMS developments and its stability record, analyzes the impact of German monetary unification and shows how financial market liberalization as well as the EC 1992 project affect the process of Economic and Monetary Union. The progress in the EMS is occuring in a period of both thorough changes in the U.K. and in European East-West relations and global economic changes. The problems of EC monetary union and EC central banking are discussed and questions of the transition phase of monetary policy are raised. The further progress of EMU - including the creation of an EC central bank - is analyzed both theoretically and from a political-economy perspective. Creating a common central bank and an EC currency raises new issues for the consistency of monetary and fiscal policy in Europe, where U.S. experiences provide valuable insights.
Economic Policy In Emu
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Author : Marco Buti
language : en
Publisher: Oxford University Press
Release Date : 1998
Economic Policy In Emu written by Marco Buti and has been published by Oxford University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 1998 with Business & Economics categories.
With the advent of the third and final phase of European and Monetary Union (EMU), the debate over European monetary unification is at the top of the political and economic agenda. Much has been written over the past five years about whether EMU is justified given the various expected benefitsand prospective costs, but there has been little detailed material on how EMU will work and what the practical implications of it will be for Europe as a whole. Economic Policy in EMU is a comprehensive look at the mechanisms involved, likely effects on monetary and budgetary policy, and the ways in which monetary union will deal with and affect business cycles and regional differences. It combines rigorous analysis of how the European economy works withan insider view of how this will change after 1999: as such, it is vital reading for all involved in the most important topic facing Europe today.
The European Monetary System And European Monetary Union
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Author : Michele Fratianni
language : en
Publisher: Routledge
Release Date : 2019-09-06
The European Monetary System And European Monetary Union written by Michele Fratianni and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019-09-06 with Political Science categories.
When the European Monetary System (EMS) was created in 1978, economists on both sides of the Atlantic predicted its early failure. Today, EMS is alive and well, continuing to defy conventional economic wisdom. The authors address three major questions about the European Monetary System (EMS): how it came into being, how it works and how it may evolve into a fully-fledged monetary union.
The European Monetary Union
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Author : Helmut Siekmann
language : en
Publisher: Bloomsbury Publishing
Release Date : 2021-12-23
The European Monetary Union written by Helmut Siekmann and has been published by Bloomsbury Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-12-23 with Law categories.
This book provides a commentary on the law of the EU related to the Monetary Union. It contains a comprehensive analysis of all provisions of the Statute of the European System of Central Banks (ESCB) and the European Central Bank (ECB). In addition, the book also analyses all provisions of the Treaties themselves which regulate the ESCB and the ECB. This analysis is supplemented by commentaries on other Protocols which contain relevant rules for the Monetary Union. In essence, all relevant statutory rules governing the euro and its key monetary authority, the European Central Bank, are unfolded and explained in one volume. This gives the book a unique position in the legal literature on the law of the EU. With contributions by renowned academics and practitioners, this book is an expanded and updated translation of the 2013 German commentary, EWU Kommentar zu Europäischen Währungsunion (Mohr Siebeck) and is an invaluable resource for practitioners and academics alike who are looking for a provision-by-provision commentary on the laws governing the European Monetary Union.