Prospects for Monetary Unions After the Euro PDF Download
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Author: Paul de Grauwe
Publisher: MIT Press
ISBN:
Category : Business & Economics
Languages : en
Pages : 376
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Book Description
Monetary integration is a hot topic since the success of the euro. This book looks at the future prospects for the eurozone and at the potential for similar schemes in other parts of the world.
Author: Paul de Grauwe
Publisher: MIT Press
ISBN:
Category : Business & Economics
Languages : en
Pages : 376
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Book Description
Monetary integration is a hot topic since the success of the euro. This book looks at the future prospects for the eurozone and at the potential for similar schemes in other parts of the world.
Author: Forrest Capie
Publisher: Psychology Press
ISBN: 9780415300391
Category : Business & Economics
Languages : en
Pages : 216
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Book Description
The Economic and Monetary Union (EMU) has prompted much discussion. This book stands back and considers the relevant theory or what lessons might be drawn from other unions that have been formed as well as looking at EMU directly.
Author: Sławomir Bukowski
Publisher:
ISBN: 9781536142501
Category : Business & Economics
Languages : en
Pages : 0
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Book Description
This book is a new approach to understanding monetary unions. This collaboration of scientists from different countries with leading professor and supervisor Slawomir I. Bukowski have prepared essays, which concern current and previous problems of functioning of monetary unions, especially the euro area. The contents of this book and the problems the authors have undertaken are very important and current in the situation concerning the world after the last recession and financial/fiscal crisis.This book embraces the problems of theoretical and historical fundamentals of monetary union with special concentration on the euro area, and discusses concerns of nominal and real convergence within the Economic and Monetary Union in the Europe, as well as problems of fiscal and monetary policy in the euro area. Problems of sociual policy and the issue of the financial markets role in the financing process of European companies.The conclusions that were made concern different problems of functioning of monetary unions, especially in the euro area, which will be very useful not only in debates between scientists, but also for politicians in the European Unions. The content of the book and the problems which are tackled in it are not a contribution to the discussion which is going on and which, in my opinion, will last for a long time because there are many things which are still not understood, and economic life in the globalized world poses many challenges which economists are trying to respond to.This book will be very useful and interesting for scientists economists, journalists, students and politicians.
Author: Patrick Honohan
Publisher: Edward Elgar Publishing
ISBN: 9781788975421
Category :
Languages : en
Pages : 1280
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Book Description
The past twenty years have seen two waves of research on currency unions, prompted by the early experience of the European Economic and Monetary Union and by the existential crisis experienced by the euro area as a part of the global financial crisis. Alongside an original introduction, this important collection assembles key papers exploring a range of themes in these two waves of research, including subtopics such as reassessment of optimal currency area theory, new views on the policy choices, and the past and present experience of various currency unions. With a concluding section that addresses the question of complementary institutions going beyond an inflation-focused central bank, this two-volume collection provides an ample and comprehensive overview of currency unions.
Author: Lars Jonung
Publisher: Franz Steiner Verlag Wiesbaden GmbH
ISBN:
Category : History
Languages : en
Pages : 188
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Book Description
The recent birth of the euro as the common European currency has created an interest in the history of monetary unions, successful ones as well as failing ones. This volume contains contributions that focus on political aspects of monetary unification and international monetary and financial cooperation. Adopting such a perspective, the conflicting views in society concerning monetary arrangements are brought into the forefront. As revealed here, monetary unification is not always a smooth process. The evidence is taken from many countries and from different episodes in time; from the foundation of the US monetary union in the 18th century to the euro referendum in Sweden in the first years of the 21st century. Contents Lars Jonung: Introduction Farley Grubb: The constitutional creation of a common currency in the U.S. Monetary stabilization versus merchant rent seeking John Landon-Lane / Hugh Rockoff: From monetary union to financial union in the United States J rgen Nautz: Ethnic conflicts and monetary unification in Austria-Hungary Nuno Val�rio: The Escudo Zone - a failed attempt at a colonial monetary union C�dric Dupont / Carsten Hefeker: Trade, money and institutions for conflict resolution in monetary unions. The gold standard and European integration compared Tal Sadeh: Managing a common currency. Political and cultural preferences Lars Jonung: The political economy of monetary unification. The Swedish euro referendum of 2003.
Author: Richard Pomfret
Publisher: Cambridge University Press
ISBN: 9781108965477
Category : Business & Economics
Languages : en
Pages : 75
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Book Description
The Road to Monetary Union analyses in non-technical language the process leading to adoption of a common currency for the European Union. The monetary union process involved different issues at different times and the contemporary global background mattered. The Element explains why monetary union was attempted and failed in the 1970s, and why the process was restarted in 1979, accelerated after 1992 and completed for a core group of EU members in 1999. It analyzes connections between eurozone membership and Greece's sovereign debt crisis. It concludes with analysis of how the eurozone works today and with discussion of its prospects for the 2020s. The approach is primarily economic, while acknowledging the role of politics (timing) and history (path dependence). A theme is to challenge simplistic ideas (e.g. that the euro has failed) with fuller analysis of competing pressures to shape the nature of monetary union.
Author: Barry Eichengreen
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
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Book Description
This article takes stock of the literature and debate over European monetary unification. In contrast to other papers, where it is argued that the issues and prospects remain shrouded in uncertainty, I argue that in a number of important areas, a reasonable degree of consensus now exists, as the result of a decade of scholarship. The subsequent stock-taking concentrates on areas where significant questions remain, starting with the implications of surrendering the exchange rate and an independent national monetary policy as instruments of adjustment; the conduct of fiscal policy under the Excessive Deficit Procedure and the Stability Pact; and how quickly the European union is likely to develop an EU-wide system of fiscal federalism to accompany its monetary union. Turning from fiscal to monetary issues, I ask whether the European Central Bank (ECB) will be as inflation averse as the Bundesbank, what exchange-rate policy the ECB will pursue, and whether the euro will be a leading reserve currency. I conclude with what may be the most contentious issue of all, namely whether Europe?s monetary union could collapse after it begins.
Author: Michael T. Sumner
Publisher: Palgrave Macmillan
ISBN: 9780312269784
Category : Business & Economics
Languages : en
Pages : 266
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Book Description
Author: Great Britain. Treasury
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 108
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Book Description
This publication is part of a set of 18 documents which have been prepared by H.M. Treasury to inform the assessment of the Government's five economic tests for Economic and Monetary Union (EMU) entry into the euro area. This study considers the example of US monetary union, a union which covers a geographical area significantly larger than western Europe. As the world's largest economy, it provides a working example of how different regions, disparate in terms of their geography, climate, industry and heritage, develop within a monetary union.
Author: Franklin Allen
Publisher: MIT Press
ISBN: 0262042762
Category : Business & Economics
Languages : en
Pages : 391
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Book Description
Experts from economics, finance, law, policy, and banking discuss the design and implementation of a future capital market union in Europe. The plan for further development of Europe's economic and monetary union foresees the creation of a capital market union (CMU)—a single market for capital in the entire Eurozone. The need for citizens and firms of all European countries to have access to funding, together with the pressure to improve the efficiency and risk-sharing opportunities of the financial system in general, put the CMU among the top priorities on the Eurozone's agenda. In this volume, leading academics in economics, finance, and law, along with policy makers and practitioners, discuss the design and implementation of a future CMU. Contributors describe the key design challenges of the CMU; specific opportunities and obstacles for reaching the CMU's goals of increasing the economic well-being of households and the profitability and viability of firms; the role that markets—from the latest fintech developments to traditional equity markets—can play in the future success of CMU; and the institutional framework needed for CMU in the aftermath of the global recession. Contributors Sumit Agarwal, Franklin Allen, Valentina Allotti, Gene Amromin, John Armour, Geert Bekaert, Itzhak Ben-David, Marcello Bianchi, Lorenzo Bini-Smaghi, Claudio Borio, Franziska Bremus, Marina Brogi, Claudia M. Buch, Giacomo Calzolari, Souphala Chomsisengphet, Luca Enriques, Douglas D. Evanoff, Ester Faia, Eilis Ferran, Jeffrey N. Gordon, Michael Haliassos, Campbell R. Harvey, Kathryn Judge, Suzanne Kalss, Valentina Lagasio, Katya Langenbucher, Christian T. Lundblad, Massimo Marchesi, Alexander Michaelides, Stefano Micossi, Emanuel Moench, Mario Nava, Giorgio Barba Navaretti, Giovanna Nicodano, Gianmarco Ottaviano, Marco Pagano, Monica Paiella, Lubos Pastor, Alain Pietrancosta, Richard Portes, Alberto Franco Pozzolo, Stephan Siegel, Wolfe-Georg Ringe, Diego Valiante
