The Nine Lives Of The Stability Pact
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The Nine Lives Of The Stability Pact
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Author :
language : en
Publisher:
Release Date : 2004
The Nine Lives Of The Stability Pact written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2004 with categories.
The Nine Lives Of The Stability Pact
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Author : CEPS Macroeconomic Policy Group
language : en
Publisher:
Release Date : 2004
The Nine Lives Of The Stability Pact written by CEPS Macroeconomic Policy Group and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2004 with Monetary unions categories.
The Nine Lives Of The Stability Pact
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Author : Daniel Gros
language : en
Publisher: CEPS
Release Date : 2004
The Nine Lives Of The Stability Pact written by Daniel Gros and has been published by CEPS this book supported file pdf, txt, epub, kindle and other format this book has been release on 2004 with Economic stabilization categories.
"This special report by the CEPS Macroeconomic Policy Group (MPG) is concerned with the implementation of the prohibition of excessive deficits contained in the Treaty of Maastricht via the Stability and Growth Pact. Specifically, it deals with the controversy that was provoked by the failure of the ECOFIN Council of 25 November 2003, to endorse recommendations of the European Commission to put France and Germany on notice that they had violated the Treatys prohibition of excessive deficits"--CEPS website.
The Nine Lives Of The Stability Pact A Special Report Of The Ceps Macroeconomic Policy Group Ceps Paperback February 2004
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Author : Daniel Gros
language : en
Publisher:
Release Date : 2004
The Nine Lives Of The Stability Pact A Special Report Of The Ceps Macroeconomic Policy Group Ceps Paperback February 2004 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 2004 with categories.
This special report by the CEPS Macroeconomic Policy Group (MPG) is concerned with the implementation of the prohibition of excessive deficits contained in the Treaty of Maastricht via the Stability and Growth Pact. Specifically, it deals with the controversy that was provoked by the failure of the ECOFIN Council of 25 November 2003, to endorse recommendations of the European Commission to put France and Germany on notice that they had violated the Treaty's prohibition of excessive deficits. The CEPS MPG finds that the core of the dispute arises not so much from the Stability Pact, but from the 3% limit set in the Treaty. It asserts that this clause should not be altered, as argued by many observers, and that it is even more appropriate now, than when it was first agreed in 1991, because of the slowdown of potential growth in Europe. The CEPS MPG is composed of distinguished economists who have undertaken to carry out independent, in-depth research on current developments in the European economy.
A World Out Of Balance
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Author : Daniel Gros
language : en
Publisher: CEPS
Release Date : 2006
A World Out Of Balance written by Daniel Gros and has been published by CEPS this book supported file pdf, txt, epub, kindle and other format this book has been release on 2006 with Business & Economics categories.
Over the past decade, the global economy has been on a dynamic path that is clearly unsustainable, with ever-increasing current account deficits in the United States, financed by surpluses in emerging market economies. In its latest report, the authoritative CEPS Macroeconomic Policy Group explores the link between the U.S. deficits and the global savings-investment equilibrium. They find that the U.S. deficit is likely to be even larger than officially reported and that policymakers do not seem willing to undertake the necessary policy adjustments to reduce it. Nevertheless, a reduction in the global supply of savings may force an increase in global interest rates and thus a slowdown in U.S. domestic demand--thus initiating a gradual reduction in deficits. The authors argue that a key responsibility of U.S. policymakers is to allow this process to happen, thereby avoiding the risk of a disruptive adjustment later.
Towards A Global Climate Regime Priority Areas For A Coherent Eu Strategy
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Author : Bo Kjellén
language : en
Publisher: CEPS
Release Date : 2005
Towards A Global Climate Regime Priority Areas For A Coherent Eu Strategy written by Bo Kjellén and has been published by CEPS this book supported file pdf, txt, epub, kindle and other format this book has been release on 2005 with Climatic changes categories.
Readings In European Security
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Author : François Heisbourg
language : en
Publisher: CEPS
Release Date : 2004
Readings In European Security written by François Heisbourg and has been published by CEPS this book supported file pdf, txt, epub, kindle and other format this book has been release on 2004 with Europe categories.
The Allocation Of Power In The Enlarged Ecb Governing Council
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Author : Ansgar Belke
language : en
Publisher: CEPS
Release Date : 2004
The Allocation Of Power In The Enlarged Ecb Governing Council written by Ansgar Belke and has been published by CEPS this book supported file pdf, txt, epub, kindle and other format this book has been release on 2004 with Balance of power categories.
This study analyses the allocation of power in the Governing Council of the European Central Bank (ECB) as it enlarges to accommodate new members of the economic and monetary union. For this purpose, classical power indices that have their origin in solutions of cooperative games are applied. First, an assessment is made of the effects of enlargement on the voting power of different subgroups of the Governing Council that arise in the wake of the continuous accession process. Second, a systematic comparison is carried out of the status quo role ('one member, one vote') with respect to the voting power of the ECB Executive Board and to the representativeness of European monetary policy, along with the potential for its re-nationalisation.
The Eastern Enlargement Of The Eurozone
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Author : Marek Dabrowski
language : en
Publisher: Springer Science & Business Media
Release Date : 2006-07-01
The Eastern Enlargement Of The Eurozone written by Marek Dabrowski 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 2006-07-01 with Business & Economics categories.
The Eastern Enlargement of the EU will not be complete until the new member states join the EMU. Economic and political economy arguments point to fast EMU accession of new member states. Failure to do so will create a two speed Europe, a fundamental change in the economic and political architecture of the EU, adding to the strains already evident between core and peripheral countries. Current high level of trade and business cycle integration of new member states with the Eurozone, decreases the probability of asymmetric shocks. Lower transaction costs, elimination of exchange rate risk and the danger of currency crises, further trade and investment creation, lower interest rates and large fiscal gains, should outweigh the loss of the exchange rate as adjustment tool. The Eastern Enlargement of the Eurozone provides comprehensive economic analysis of theoretical, empirical and political issues that will determine whether EMU enlargement is a success, which has implications for all common currency systems.
Emu At Risk
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Author : Daniel Gros
language : en
Publisher: CEPS
Release Date : 2005
Emu At Risk written by Daniel Gros and has been published by CEPS this book supported file pdf, txt, epub, kindle and other format this book has been release on 2005 with European Union countries categories.
"This is the seventh annual report issued by the CEPS Macroeconomic Policy Group since it was reconstituted at the start of economic and monetary union in 1999. This distinguished group of economists argues that a combination of slow growth, inadequate policy responses and newly emerging intra-area divergences are putting EMU at risk. Against this background, the MPG recommends that the ECB should downgrade its short-term concern about cyclical economic developments and pursue a monetary policy aimed at preserving the value of the euro in the long-term. Moreover, it urges the core countries to urgently return to fiscal discipline, both in their own interest and to set an example that would allow them to exert pressure on potential soft currency countries to do the same."--CEPS website.