European Financial Integration And Revenue From Seignorage
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European Financial Integration And Revenue From Seignorage
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Author : International Monetary Fund
language : en
Publisher: International Monetary Fund
Release Date : 1989-05-10
European Financial Integration And Revenue From Seignorage written by International Monetary Fund and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 1989-05-10 with Business & Economics categories.
Financial integration is likely to entail EEC-wide convergence in both inflation rates and bank reserve requirements, thereby lowering some governments’ seignorage revenues. These revenue losses, however, may be offset by concomitant effects on exchange rate expectations and on interest rates on publicly held government debt. In Italy, the high stock of such debt in relation to base money implies that, to offset the loss of seignorage, it will take only about a 1/2-percentage-point decline in real interest rates. A decline of this magnitude seems feasible, provided that there is credible action to place the public debt on a sustainable path.
European Financial Integration And Revenue From Seignorage
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Author : Lazaros E. Molho
language : en
Publisher:
Release Date : 1989
European Financial Integration And Revenue From Seignorage written by Lazaros E. Molho and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1989 with Economic integration categories.
European Financial Integration And Revenue From Seignorage The Case Of Italy
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Author : L. E. Molho
language : en
Publisher:
Release Date : 1989
European Financial Integration And Revenue From Seignorage The Case Of Italy written by L. E. Molho and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1989 with categories.
European Financial Integration And Revenue From Seignorage
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Author : Lazaros Molho
language : en
Publisher:
Release Date : 2009
European Financial Integration And Revenue From Seignorage written by Lazaros Molho and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009 with categories.
Financial integration is likely to entail EEC-wide convergence in both inflation rates and bank reserve requirements, thereby lowering some governments` seignorage revenues. These revenue losses, however, may be offset by concomitant effects on exchange rate expectations and on interest rates on publicly held government debt. In Italy, the high stock of such debt in relation to base money implies that, to offset the loss of seignorage, it will take only about a 1/2-percentage-point decline in real interest rates. A decline of this magnitude seems feasible, provided that there is credible action to place the public debt on a sustainable path.
Seigniorage In The Ec
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Author : International Monetary Fund
language : en
Publisher: International Monetary Fund
Release Date : 1989-01-01
Seigniorage In The Ec written by International Monetary Fund and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 1989-01-01 with Business & Economics categories.
The paper measures the effects of the integration of European financial markets and lower inflation in the EMS on the revenue from seigniorage for the EC member countries with particular focus on the high inflation countries. Assuming that by 1992 all EC members participate fully in the EMS and reserve requirements are unified, the revenue from seigniorage will be reduced by about 2 percentage points of GDP in Greece and Portugal and 0.5-0.8 percentage points in Italy and Spain. Two different measures of seigniorage yield similar results regarding the change, but differ regarding the level.
European Financial Integration And Revenue From Seigniorage
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Author : International Monetary Fund. European Department
language : en
Publisher:
Release Date : 1989
European Financial Integration And Revenue From Seigniorage written by International Monetary Fund. European Department and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1989 with Bank reserve categories.
European Financial Integration
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Author : Alberto Giovannini
language : en
Publisher: Cambridge University Press
Release Date : 1991
European Financial Integration written by Alberto Giovannini and has been published by Cambridge University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 1991 with Business & Economics categories.
Leading international experts examine the implications of integration for the monetary structure of the European community.
Financial Integration In The European Union
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Author : Roman Matoušek
language : en
Publisher: Routledge
Release Date : 2012-03-15
Financial Integration In The European Union written by Roman Matoušek and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-03-15 with Business & Economics categories.
This edited collection assesses the level of financial integration in the European Union (EU) and the differences across the countries and segments of the EU financial system. Progress in financial integration is key to the EU’s economic growth and competitiveness and although it has advanced substantially, the process is still far from completion. This book focuses on the pace of financial integration in the EU with special emphasis on the new EU Member States and investigates their progress in comparison with ‘old’ EU countries. The book is the first of its kind to include and evaluate the effects of the global financial crisis on the process of EU financial integration. In particular, the book’s contributors address the issue of whether a high degree of financial integration contributed to the intensification of the financial crisis, or whether a low level of integration prevented countries and financial industries from some of the negative effects of the crisis. Although most of the chapters apply contemporary econometric tools, the technical part is always reduced to indispensable minimum and the emphasis is given to economic interpretation of the results. The book aims to offer an up to date and insightful examination of the process of financial integration in the EU today.
Seigniorage In The Ec
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Author : Daniel Gros
language : en
Publisher:
Release Date : 2006
Seigniorage In The Ec 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 2006 with categories.
The paper measures the effects of the integration of European financial markets and lower inflation in the EMS on the revenue from seigniorage for the EC member countries with particular focus on the high inflation countries. Assuming that by 1992 all EC members participate fully in the EMS and reserve requirements are unified, the revenue from seigniorage will be reduced by about 2 percentage points of GDP in Greece and Portugal and 0.5-0.8 percentage points in Italy and Spain. Two different measures of seigniorage yield similar results regarding the change, but differ regarding the level.
Integrating Europe S Financial Markets
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Author : Jörg Decressin
language : en
Publisher: International Monetary Fund
Release Date : 2007-09-12
Integrating Europe S Financial Markets written by Jörg Decressin and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007-09-12 with Business & Economics categories.
This publication traces the European Union's journey along the path to a single financial market and identifies the challenges and priorities that remain ahead. It examines recent integration efforts in the EU following the introduction of the euro, the importance of financial integration for economic growth, the interplay between banks and markets, and equity market integration, as well as the relationship between financial integration and financial stability.