The Costs And Benefits Of Monetary Integration Reconsidered
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The Costs And Benefits Of Monetary Integration Reconsidered
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Author : Ansgar Belke
language : en
Publisher:
Release Date : 2005
The Costs And Benefits Of Monetary Integration Reconsidered written by Ansgar Belke and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2005 with categories.
Benefits And Costs Of International Financial Integration
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Author : Pierre-Richard Agénor
language : en
Publisher: World Bank Publications
Release Date : 2001
Benefits And Costs Of International Financial Integration written by Pierre-Richard Agénor and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 2001 with Capital movements categories.
This literature review joins with recent studies in arguing that financial integration must be carefully prepared and managed to ensure that the benefits outweigh the short-run risks. But in contrast with some other studies, it adopts a more skeptical view of the benefits of capital flows other than foreign direct investment.
Monetary Integration In Historical Perspective
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Author : Kōichi Hamada
language : en
Publisher:
Release Date : 1993
Monetary Integration In Historical Perspective written by Kōichi Hamada and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1993 with Monetary policy categories.
Benefits And Costs Of International Financial Integration
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Author : Pierre-Richard Agenor
language : en
Publisher:
Release Date : 2016
Benefits And Costs Of International Financial Integration written by Pierre-Richard Agenor and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016 with categories.
This literature review joins with recent studies in arguing that financial integration must be carefully prepared and managed to ensure that the benefits outweigh the short-run risks. But in contrast with some other studies, it adopts a more skeptical view of the benefits of capital flows other than foreign direct investment.Ageacute;nor provides a selective review of the recent analytical and empirical literature on the benefits and costs of international financial integration. He discusses the impact of financial openness on consumption, investment, and growth, and the impact of foreign bank entry on the domestic financial system.Consistent with some recent studies, the author argues that financial integration must be carefully prepared and managed to ensure that the benefits outweigh the short-run risks. Prudent macroeconomic management, adequate supervision and prudential regulation of the financial system, greater transparency, and improved capacity to manage risk in the private sector are important requirements for coping with potentially abrupt reversals in pro-cyclical, short-term capital flows.The author adopts a more skeptical view than some assessments in two areas, however. First, only foreign direct investment appears to provide dynamic gains and improved prospects for growth; the evidence on the benefits of other types of capital flows remains weak. Second, empirical research on the net benefits associated with foreign bank penetration is far from conclusive; in particular, the possibility that such penetration may lead to adverse changes in the allocation of credit among domestic firms cannot be dismissed on the basis of the existing evidence.This paper - a product of the Economic Policy and Poverty Reduction Division, World Bank Institute - is part of a larger effort in the institute to analyze the impact of macroeconomic adjustment on poverty. The author may be contacted at [email protected].
Prospects For Monetary Cooperation And Integration In East Asia
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Author : Ulrich Volz
language : en
Publisher: MIT Press
Release Date : 2010
Prospects For Monetary Cooperation And Integration In East Asia written by Ulrich Volz and has been published by MIT Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010 with East Asia categories.
East Asian countries were notably uninterested in regional monetary integration until the late 1990's, when the Asian financial crisis revealed the fragility of the region's exchange rate arrangements and highlighted the need for a stronger regional financial architecture. Since then, the countries of East Asia have begun taking steps to explore monetary and financial cooperation, establishing such initiatives as regular consultations among finance ministers and central bank governors and the pooling of foreign exchange reserves. In this book Ulrich Volz investigates the prospects for monetary cooperation and integration in East Asia, using state-of-the-art theoretical and empirical tools to analyze the most promising policy options. --
A Cost Benefit Analysis Of Some Issues Concerning European Monetary Integration
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Author : Robert M. Thompson
language : en
Publisher:
Release Date : 1996
A Cost Benefit Analysis Of Some Issues Concerning European Monetary Integration written by Robert M. Thompson and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1996 with Monetary unions categories.
Deciding On Monetary Integration
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Author : Andrew Powell
language : en
Publisher:
Release Date : 2011
Deciding On Monetary Integration written by Andrew Powell and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011 with categories.
We develop a simple, n-country model to consider the costs and benefits of joining a monetary union. Our factor-OCA framework encompasses different approaches and allows us to consider the optimal composition of a monetary union for all the potential members. We illustrate the model in practice with various simulations and we develop two empirical applications based on expanding EMU and on whether there would be a benefit to deepening Nafta to be a monetary union. While some commentators have called for a one-world currency, we find full monetary integration has costs for some countries and benefits for others, perhaps explaining why this remains a controversial issue.
Costs And Benefits Of Monetary Union
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Author : Eric William Hallerberg
language : en
Publisher:
Release Date : 2002
Costs And Benefits Of Monetary Union written by Eric William Hallerberg and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2002 with French franc area categories.
Monetary Integration
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Author : Warner Max Corden
language : en
Publisher: Princeton, N.J. : International Finance Section, Princeton University
Release Date : 1972
Monetary Integration written by Warner Max Corden and has been published by Princeton, N.J. : International Finance Section, Princeton University this book supported file pdf, txt, epub, kindle and other format this book has been release on 1972 with Business & Economics categories.
One Market One Money
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Author : Michael Emerson
language : en
Publisher:
Release Date : 1992
One Market One Money written by Michael Emerson and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1992 with Business & Economics categories.
The European Community is negotiating a new treaty to establish the constitutional foundations of an economic and monetary union in the course of the 1990s. This study provides the only comprehensive guide to the economic implications of economic and monetary union. The work of an economist inside the Commission of the European Community, it reflects the considerations influencing the design of the union. The study creates a unique bridge between the insights of modern economic analysis and the work of the policy makers preparing for economic and monetary union.