European Monetary Union And Exchange Rate Dynamics
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European Monetary Union And Exchange Rate Dynamics
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Author : Paul J.J. Welfens
language : en
Publisher: Springer Science & Business Media
Release Date : 2012-12-06
European Monetary Union And Exchange Rate Dynamics 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.
The creation of the European System of Central Banks (ESCB) and the start of the Euro in 1999 are historical marks for Europe. With the start of the new currency and the ECB the world economy also is facing a major structural change and new challenges. In a historical perspective the European Monetary Union has the unique feature that a common new institution, the ECB, has been created. This is in marked contrast to the Scandinavian and the Latin Monetary Union (France, Italy, Belgium th and Switzerland) in the late 19 century which was a period in which national central banks were created in order to stabilize the respective national financial systems. In the starting year 1999 the European Central Bank had favorable conditions in the sense that low inflation rates and an economic upswing had coincided; while this should contribute to a Euro appreciation in the long run the short term exchange rate developments were in marked contrast as the new currency lost about 115 of its value within 16 months; while exchange rate volatility has not been unusual in the 1980s the continued and strong fall ofthe Euro vis-a-vis the US dollar, the pound, the Swiss franc and the Yen has raised concerns. The strong initial fall of the Euro has created some problems in establishing the new currency as a strong contender for the US dollar. Moreover, there are some theoretical challenges since the portfolio model offers a rather different message than the purchasing power parity.
European Monetary Union And Exchange Rate Dynamics
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Author : Paul J. J. Welfens
language : en
Publisher: Springer Science & Business Media
Release Date : 2001
European Monetary Union And Exchange Rate Dynamics 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 2001 with Business & Economics categories.
The creation of the European Central Bank and the Euro have brought new challenges to EU integration and economic policy. This book looks into issues of monetary and factor market policies. The analysis also presents new theoretical and empirical research on the - transitory - decline of the Euro. Issues of exchange rate policy and international economic relations also are addressed.
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 : Nicola Acocella
language : en
Publisher: Cambridge University Press
Release Date : 2020-08-27
The European Monetary Union written by Nicola Acocella 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 2020-08-27 with Business & Economics categories.
Analyzes the roots of Europe's economic decline, examining institutions of the European Union and exploring possibilities for reform.
Economics Of Monetary Union
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Author : Paul De Grauwe
language : en
Publisher: Oxford University Press, USA
Release Date : 2014
Economics Of Monetary Union written by Paul De Grauwe and has been published by Oxford University Press, USA this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014 with Business & Economics categories.
The tenth edition of Economics of Monetary Union provides a concise analysis of the theories and policies relating to monetary union. The author addresses the current issues surrounding the Eurozone and presents a critical discussion of the costs and benefits of possible exits by its member countries and the surrounding fiscal implications.
Dynamic Policy Interactions In A Monetary Union
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Author : Michael Carlberg
language : en
Publisher: Springer Science & Business Media
Release Date : 2011-02-16
Dynamic Policy Interactions In A Monetary Union written by Michael Carlberg 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 2011-02-16 with Business & Economics categories.
This book studies the dynamics of monetary and fiscal interactions in the Euro Area. The policy makers are the European Central Bank and national governments. The primary target of the ECB is low inflation. And the primary target of a national government is low unemployment. However, there is a short-run trade-off between low inflation and low unemployment. Here the main focus is on sequential policy decisions. Another focus is on simultaneous and independent policy decisions. And a third focus is on policy cooperation. There are demand shocks, supply shocks, and mixed shocks. There are country-specific shocks and common shocks. The key question is: Given a shock, what are the dynamic characteristics of the resulting process?
The New Palgrave Dictionary Of Economics
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Author :
language : en
Publisher: Springer
Release Date : 2016-05-18
The New Palgrave Dictionary Of Economics written by and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016-05-18 with Law categories.
The award-winning The New Palgrave Dictionary of Economics, 2nd edition is now available as a dynamic online resource. Consisting of over 1,900 articles written by leading figures in the field including Nobel prize winners, this is the definitive scholarly reference work for a new generation of economists. Regularly updated! This product is a subscription based product.
From The Athenian Tetradrachm To The Euro
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Author : Gérassimos Notaras
language : en
Publisher: Routledge
Release Date : 2017-11-28
From The Athenian Tetradrachm To The Euro written by Gérassimos Notaras and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-11-28 with History categories.
With the introduction of the euro much recent attention has been focused on the role of currencies and their national and international significance. Whilst much has been made of the euro's achievements in harmonising Europe's financial dealings, it is often forgotten that it is by no means the first pan-national currency to enter circulation. Indeed, as the various contributions to this volume make plain, the euro can in many ways be regarded as a step 'back to the future', that is, a further international currency in a long historical tradition that includes the Athenian tetradrachm, the Spanish peso and the French franc. Covering a timespan of some two and a half millennia, the contributions within this volume fall within four broad chronological sections, the first comprising three contributions that consider aspects of the European experience from classical antiquity until the high middle ages. The discussion then leaps forward chronologically to the modern age, given a focus by three contributions devoted to nineteenth-century European developments. These, in turn, are set within a wider spatial perspective by two essays that review, first, the classical gold standard, primarily in terms of peripheral economies' experience, and, second, the Bretton Woods system. Fourth, and lastly, the euro's origins and birth are explored in three further contributions. By taking such a long term view of supra-national currencies, this volume provides a unique perspective, not only to the introduction and development of the euro, and its predecessors, but also on the broader question of the relationship between trade and common currencies.
Monetary Integration In Europe
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Author : Horst Tomann
language : en
Publisher: Springer
Release Date : 2017-09-15
Monetary Integration In Europe written by Horst Tomann and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-09-15 with Business & Economics categories.
This book provides a fully revised and up-to-date analysis of the Economic and Monetary Union (EMU). With four entirely new chapters on responses to the financial crisis and the debate on reform options, Tomann assesses the EMU in comparison with other currency regimes through the adoption of a historical analysis. The book discusses in detail basic issues with currency and comprehensively analyzes monetary policy, highlighting problems of policy coordination. Tomann explores new monetary institutions that have been established in response to the financial crisis, before addressing long-term issues and reviewing reform proposals. By focusing on monetary issues the book offers a better understanding of macroeconomic policies and international policy cooperation, and, by extension, provides a thorough economic assessment of the EMU as an institution as it stands today.
The New Palgrave Dictionary Of Money And Finance
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Author : John Eatwell
language : en
Publisher: Springer
Release Date : 1992-10-14
The New Palgrave Dictionary Of Money And Finance written by John Eatwell and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 1992-10-14 with Business & Economics categories.
The first reference work ever to be awarded the Eccles Prize for Excellence in Economic Writing from Columbia Business School. Continuing in the tradition of The New Palgrave , this 3-volume set provides an unparalleled guide to modern money, banking and finance. In over 1,000 substantial essays by leading academic and professional authorities, it provides the most comprehensive analysis available of contemporary theory and the fast-evolving global monetary and financial framework. In its scope and depth of coverage, it is indispensable for the academic and practitioner alike.