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Author: Michael Carlberg
Publisher: Springer Science & Business Media
ISBN: 3662044358
Category : Business & Economics
Languages : en
Pages : 258
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Book Description
This book explores the new economics of monetary union. It carefully discusses the effects of shocks and policies on output and prices. Shocks and policies are country-specific or common. They occur on the demand or supply side. Countries can differ in behavioural functions. Wages can be fixed, flexible, or slow. In addition, fixed wages and flexible wages can coexist. Take for instance fixed wages in Germany and flexible wages in France. Or take fixed wages in Europe and flexible wages in America. A special feature of this book is the numerical estimation of shock and policy multipliers. Further topics are inflation and disinflation. Take for instance inflation in Germany and price stability in France. Then what policy is needed for disinflation in the union? And what will be the dynamic effects on Germany and France?
Author: Michael Carlberg
Publisher: Springer Science & Business Media
ISBN: 3662044358
Category : Business & Economics
Languages : en
Pages : 258
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Book Description
This book explores the new economics of monetary union. It carefully discusses the effects of shocks and policies on output and prices. Shocks and policies are country-specific or common. They occur on the demand or supply side. Countries can differ in behavioural functions. Wages can be fixed, flexible, or slow. In addition, fixed wages and flexible wages can coexist. Take for instance fixed wages in Germany and flexible wages in France. Or take fixed wages in Europe and flexible wages in America. A special feature of this book is the numerical estimation of shock and policy multipliers. Further topics are inflation and disinflation. Take for instance inflation in Germany and price stability in France. Then what policy is needed for disinflation in the union? And what will be the dynamic effects on Germany and France?
Author: Fabian Amtenbrink
Publisher: Oxford University Press
ISBN: 0192512498
Category : Law
Languages : en
Pages : 1808
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Book Description
Presenting a sweeping analysis of the legal foundations, institutions, and substantive legal issues in EU monetary integration, The EU Law of Economic and Monetary Union serves as an authoritative reference on the legal framework of European economic and monetary union. The book opens by setting out the broader contexts for the European project - historical, economic, political, and regarding the international framework. It goes on to examine the constitutional architecture of EMU; the main institutions and their legal powers; the core legal provisions of monetary and economic union; and the relationship of EMU with EU financial market and banking regulation. The concluding section analyses the current EMU crisis and the main avenues of future reform.
Author: Juan E. Castañeda
Publisher: Routledge
ISBN: 1000036790
Category : Business & Economics
Languages : en
Pages : 271
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Book Description
In this book, a historical analysis of the precedents of the euro is examined within the context of the current issues affecting the Eurozone and the long-term effects of the institutional changes implemented since 2010. The book begins by placing the Eurozone challenges in the historical context of previous monetary unions, drawing on the experience of the gold standard. It then specifically focuses on the problems arising from the running of permanent trade imbalances within the Eurozone. The authors explore the advantages and disadvantages of being a member of the Eurozone and attempt to measure the optimality of a currency area by the calculation of an index on internal macroeconomic asymmetries. They address the proposals recently made in favour of a fiscal union in the Euro zone; including the economic and political feasibility of fiscal transfers in the Eurozone. The final two papers discuss whether the monetary union is in fact more than just that, and whether it will lead inevitably to some form of political union if it is to survive. With chapters by leading experts from both Europe and the UK, this book will appeal to students in Economics, Finance, Politics, EU integration and European studies; as well as academics and professional economists doing research in EU integration, the Euro zone, monetary history and monetary and banking unions in Europe, the UK and elsewhere.
Author: Michael Emerson
Publisher: Oxford University Press, USA
ISBN: 9780198773238
Category : Business & Economics
Languages : en
Pages : 354
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Book Description
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. Coming hard on the heels of the completion of the single market by 1992, economic and monetary union, including a new European Central Bank and the ecu as the single currency, will be the most important milestone in the construction of the new Europe since the Treaty of Rome of 1957. This study provides the only comprehensive guide to the economic implications of economic and monetary union. Being the work of economists inside the EC Commission, it also reflects the considerations influencing the design of the union. The study provides a unique bridge between the insights of modern economic analysis and the work of the policy-makers preparing for economic and monetary union.
Author: Barry Eichengreen
Publisher: Routledge
ISBN: 0429974000
Category : Political Science
Languages : en
Pages : 208
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Book Description
The first edition of this book was published in 1994, as the future of monetary unification in Europe was very much in doubt. With Economic and Monetary Union now in place, it is appropriate to bring the scholarship on the topic up to date for the students of international political economics. To this effect, essayists Jeffry Frieden, Geoffrey Garrett, Lisa L. Martin, Benjamin J. Cohen revised four of the original chapters to reflect new conditions. Editors, Barry Eichengreen and Frieden completely rewrote the introductory essay. Three new chapters by Matthew Gabel, Charles Engel, and Paul De Grauwe et al cover public support for EMU, local currency pricing, and whether Europe is now better off? The updated volume's purpose remains that of bringing the latest in scholarship in Economics and Political Science to bear on the European monetary integration
Author: Michael Emerson
Publisher:
ISBN: 9780198773245
Category : Business & Economics
Languages : en
Pages : 356
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Book Description
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.
Author: Jørgen Drud Hansen
Publisher: McGraw-Hill Companies
ISBN:
Category : Business & Economics
Languages : en
Pages : 232
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Book Description
An overview of the elements of both microeconomic and macroeconomic theory related to the analysis of the EU. Its analyses are based on new trade theory and new growth theory, and areas covered include economic integration, common market theory, and monetary integration theory.
Author: Paul J.J. Welfens
Publisher: Springer Science & Business Media
ISBN: 3642569137
Category : Business & Economics
Languages : en
Pages : 161
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Book Description
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 presents new theoretical and empirical research on the current decline of the Euro. Issues regarding exchange rate policies and international economic relations are also addressed.
Author: Paul de Grauwe
Publisher: Oxford University Press
ISBN: 0198739877
Category : Monetary policy
Languages : en
Pages : 289
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Book Description
Economics of Monetary Union provides concise analysis of theories and policies relating to monetary union. It addresses current issues surrounding the Eurozone, including; costs and benefits of possible exits by member countries, an analysis of the role of the ECB as new single supervisor and detail on the sovereign debt crisis.
Author: Oscar Bajo-Rubio
Publisher: Springer Science & Business Media
ISBN: 3642194451
Category : Business & Economics
Languages : en
Pages : 50
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Book Description
The book develops a general framework for the macroeconomic modeling of monetary unions. The starting point of the analysis is the standard two-country Mundell-Fleming model with perfect capital mobility, extended to incorporate the supply side in a context of rigid real wages, and modified so that the money market is common for two countries forming a monetary union. The model is presented in two versions: for a small and a large monetary union, respectively. After solving each model, the authors derive multipliers for monetary, expenditure, supply, and external shocks, both in the short and the long run; a graphical analysis is also provided. Special attention is paid to the crucial distinction between symmetric and asymmetric shocks.