Author: Helge Berger
Publisher: International Monetary Fund
ISBN:
Category : Euro
Languages : en
Pages : 60
Book Description
The ECB and Euro-area Enlargement
Author: Helge Berger
Publisher: International Monetary Fund
ISBN:
Category : Euro
Languages : en
Pages : 60
Book Description
Publisher: International Monetary Fund
ISBN:
Category : Euro
Languages : en
Pages : 60
Book Description
Enlarging the Euro Area
Author: Kenneth Dyson
Publisher: OUP Oxford
ISBN: 0191515426
Category : Political Science
Languages : en
Pages : 400
Book Description
This book seeks to offer the first in-depth and systematic analysis of the challenges of the Euro Area and the eastward enlargement of the European Union. It focuses in particular on how the prolonged process of accession to the Euro Area is affecting domestic economic policies in the accession states of east central Europe. It contributes to Europeanization studies, comparative political economy and to studies of Economic and Monetary Union. It also provides a picture of processes of domestic transformation in such countries as the three Baltic States, Bulgaria, the Czech Republic, Hungary, Poland and Romania. The book brings together a range of recognized experts from across Europe and combines country and sectoral case studies with a thematic treatment. It begins by offering an 'outside-in' perspective, which situates the effects of EMU on the accession states in the wider context of the development of global economic norms. The second part focuses on an 'inside-out' analysis of how Euro Area accession affects the states of east central Europe - their policies, politics and public institutions. The final part assesses how Euro Area accession is affecting key policy sectors in east central Europe: financial market regulation, fiscal policies and welfare states and labour markets.
Publisher: OUP Oxford
ISBN: 0191515426
Category : Political Science
Languages : en
Pages : 400
Book Description
This book seeks to offer the first in-depth and systematic analysis of the challenges of the Euro Area and the eastward enlargement of the European Union. It focuses in particular on how the prolonged process of accession to the Euro Area is affecting domestic economic policies in the accession states of east central Europe. It contributes to Europeanization studies, comparative political economy and to studies of Economic and Monetary Union. It also provides a picture of processes of domestic transformation in such countries as the three Baltic States, Bulgaria, the Czech Republic, Hungary, Poland and Romania. The book brings together a range of recognized experts from across Europe and combines country and sectoral case studies with a thematic treatment. It begins by offering an 'outside-in' perspective, which situates the effects of EMU on the accession states in the wider context of the development of global economic norms. The second part focuses on an 'inside-out' analysis of how Euro Area accession affects the states of east central Europe - their policies, politics and public institutions. The final part assesses how Euro Area accession is affecting key policy sectors in east central Europe: financial market regulation, fiscal policies and welfare states and labour markets.
The European Central Bank
Author: Hanspeter K. Scheller
Publisher:
ISBN: 9789289900270
Category : Banks and banking, Central
Languages : en
Pages : 229
Book Description
Comprehensive 200-page overview of the ECB from its inception in June 1998 until the present day.
Publisher:
ISBN: 9789289900270
Category : Banks and banking, Central
Languages : en
Pages : 229
Book Description
Comprehensive 200-page overview of the ECB from its inception in June 1998 until the present day.
Preparing the ECB for Enlargement
Author: Richard E. Baldwin
Publisher: Centre for Economic Policy Research
ISBN: 9781898128632
Category : Business & Economics
Languages : en
Pages : 48
Book Description
Established in 1983, the Centre for Economic Policy Research (CEPR) is the only European economics research network, linking over 550 academic researchers based in more than 20 countries. CEPR research addresses key European and global policy issues, ranging from global financial crises to international trade policy; from the economic transformation of Central and Eastern Europe to European competition policy. We are the market leaders for research on all aspects of European integration. CEPR research has consistently influenced policy by orienting researchers to address policy-relevant questions, and by encouraging key decision-makers to focus on the results of this research when discussing and formulating policy. The success of this approach has become increasingly apparent in recent years, as both practical examples and explicit acknowledgements from politicians, officials and journalists can testify. The Policy Paper series was launched by CEPR in 1999 to provide a forum for the analysis of important policy issues by leading researchers. The series aims to identify key policy issues; apply the best and most up-to-date research to help understand these issues; and to explore the implications of this research for the design and conduct of policy. Book jacket.
Publisher: Centre for Economic Policy Research
ISBN: 9781898128632
Category : Business & Economics
Languages : en
Pages : 48
Book Description
Established in 1983, the Centre for Economic Policy Research (CEPR) is the only European economics research network, linking over 550 academic researchers based in more than 20 countries. CEPR research addresses key European and global policy issues, ranging from global financial crises to international trade policy; from the economic transformation of Central and Eastern Europe to European competition policy. We are the market leaders for research on all aspects of European integration. CEPR research has consistently influenced policy by orienting researchers to address policy-relevant questions, and by encouraging key decision-makers to focus on the results of this research when discussing and formulating policy. The success of this approach has become increasingly apparent in recent years, as both practical examples and explicit acknowledgements from politicians, officials and journalists can testify. The Policy Paper series was launched by CEPR in 1999 to provide a forum for the analysis of important policy issues by leading researchers. The series aims to identify key policy issues; apply the best and most up-to-date research to help understand these issues; and to explore the implications of this research for the design and conduct of policy. Book jacket.
Monetary Policy in the Euro Area
Author: Otmar Issing
Publisher: Cambridge University Press
ISBN: 9780521788885
Category : Business & Economics
Languages : en
Pages : 220
Book Description
A non-technical analysis of the monetary policy strategy, institutions and operational procedures of the Eurosystem, first published in 2001.
Publisher: Cambridge University Press
ISBN: 9780521788885
Category : Business & Economics
Languages : en
Pages : 220
Book Description
A non-technical analysis of the monetary policy strategy, institutions and operational procedures of the Eurosystem, first published in 2001.
The European Central Bank
Author: Jakob De Haan
Publisher: MIT Press
ISBN: 0262262452
Category : Business & Economics
Languages : en
Pages : 277
Book Description
An examination of the debates on European Central Bank monetary policy, focusing on issues of transparency, credibility, and accountability and the effect of the ECB's decentralized structure. The adoption of the euro in 1999 by 11 member states of the European Union created a single currency area second in economic size only to the United States. The euro zone's monetary policy is now set by the European Central Bank (ECB) and its Governing Council rather than by individual national central banks. This CESifo volume examines issues that have arisen in the first years of ECB monetary policy and analyzes the effect that current ECB policy strategy and structures may have in the future. After a detailed description and assessment of ECB monetary policy making that focuses on such issues as price stability and the predictability of policy decisions, the book turns to two important issues faced by European central bankers: the transparency and credibility of decision making and the ECB's decentralized structure. After showing that transparency in decision making enhances credibility, the book discusses the ECB's efforts at openness, its political independence as guaranteed by law, and its ultimate accountability. The book then considers the effects of the decentralized ECB structure, focusing on business cycle synchronization, inflation differentials, and differences in monetary policy transmission in light of the enlargement of the monetary union. The book also discusses options for ECB institutional reforms, including centralization, vote weighting, and cross-border regional banks.
Publisher: MIT Press
ISBN: 0262262452
Category : Business & Economics
Languages : en
Pages : 277
Book Description
An examination of the debates on European Central Bank monetary policy, focusing on issues of transparency, credibility, and accountability and the effect of the ECB's decentralized structure. The adoption of the euro in 1999 by 11 member states of the European Union created a single currency area second in economic size only to the United States. The euro zone's monetary policy is now set by the European Central Bank (ECB) and its Governing Council rather than by individual national central banks. This CESifo volume examines issues that have arisen in the first years of ECB monetary policy and analyzes the effect that current ECB policy strategy and structures may have in the future. After a detailed description and assessment of ECB monetary policy making that focuses on such issues as price stability and the predictability of policy decisions, the book turns to two important issues faced by European central bankers: the transparency and credibility of decision making and the ECB's decentralized structure. After showing that transparency in decision making enhances credibility, the book discusses the ECB's efforts at openness, its political independence as guaranteed by law, and its ultimate accountability. The book then considers the effects of the decentralized ECB structure, focusing on business cycle synchronization, inflation differentials, and differences in monetary policy transmission in light of the enlargement of the monetary union. The book also discusses options for ECB institutional reforms, including centralization, vote weighting, and cross-border regional banks.
The Eastern Enlargement of the Currency Union: Challenges for the ECB's Monetary Policy
Author: Michaela Bruckner
Publisher: GRIN Verlag
ISBN: 364034409X
Category :
Languages : en
Pages : 25
Book Description
Seminar paper from the year 2007 in the subject Business economics - Economic Policy, grade: 2,0, University of Hohenheim (Lehrstuhl für Außenwirtschaft), course: International Institutions, 20 entries in the bibliography, language: English, abstract: The eurozone member countries have agreed to permanently abandon economic policy instruments such as monetary and exchange rate policies and to accept the European Central Bank (ECB) as the decision making body to determine the common monetary policy, notably the interest rates and the money supply. It goes without saying that such an institution is not able to fine-tune its decisions in order to meet particular economic challenges in certain member countries. In this respect, the eastward enlargement of the European Monetary Union (EMU) will bring major challenges to the ECB, as varying inflation rates in different member countries and the determination of a single interest rate may have disruptive consequences. From the viewpoint of the eastward enlargement of the eurozone the paper illustrates the various challenges the ECB inevitably has to face. Further, it describes the reform of the ECB Governing Council. An important question concerning the ECB is the following: Is there a danger for the single European monetary policy from letting Central and Eastern European Countries (CEEC) join the eurozone or from letting them join the eurozone too early?
Publisher: GRIN Verlag
ISBN: 364034409X
Category :
Languages : en
Pages : 25
Book Description
Seminar paper from the year 2007 in the subject Business economics - Economic Policy, grade: 2,0, University of Hohenheim (Lehrstuhl für Außenwirtschaft), course: International Institutions, 20 entries in the bibliography, language: English, abstract: The eurozone member countries have agreed to permanently abandon economic policy instruments such as monetary and exchange rate policies and to accept the European Central Bank (ECB) as the decision making body to determine the common monetary policy, notably the interest rates and the money supply. It goes without saying that such an institution is not able to fine-tune its decisions in order to meet particular economic challenges in certain member countries. In this respect, the eastward enlargement of the European Monetary Union (EMU) will bring major challenges to the ECB, as varying inflation rates in different member countries and the determination of a single interest rate may have disruptive consequences. From the viewpoint of the eastward enlargement of the eurozone the paper illustrates the various challenges the ECB inevitably has to face. Further, it describes the reform of the ECB Governing Council. An important question concerning the ECB is the following: Is there a danger for the single European monetary policy from letting Central and Eastern European Countries (CEEC) join the eurozone or from letting them join the eurozone too early?
The Euro
Author: Chris Mulhearn
Publisher: Edward Elgar Publishing
ISBN: 1848442882
Category : Business & Economics
Languages : en
Pages : 257
Book Description
This title provides a comprehensive overview of the development and design of the European Monetary Union, as well as an intriguing discussion of its prospects for future enlargement.
Publisher: Edward Elgar Publishing
ISBN: 1848442882
Category : Business & Economics
Languages : en
Pages : 257
Book Description
This title provides a comprehensive overview of the development and design of the European Monetary Union, as well as an intriguing discussion of its prospects for future enlargement.
The Transformation of the European Financial System
Author: Vitor Gaspar
Publisher:
ISBN: 9789291813483
Category : Banks and banking
Languages : en
Pages : 334
Book Description
Publisher:
ISBN: 9789291813483
Category : Banks and banking
Languages : en
Pages : 334
Book Description
Negative Interest Rate Policy (NIRP)
Author: Andreas Jobst
Publisher: International Monetary Fund
ISBN: 1475524471
Category : Business & Economics
Languages : en
Pages : 48
Book Description
More than two years ago the European Central Bank (ECB) adopted a negative interest rate policy (NIRP) to achieve its price stability objective. Negative interest rates have so far supported easier financial conditions and contributed to a modest expansion in credit, demonstrating that the zero lower bound is less binding than previously thought. However, interest rate cuts also weigh on bank profitability. Substantial rate cuts may at some point outweigh the benefits from higher asset values and stronger aggregate demand. Further monetary accommodation may need to rely more on credit easing and an expansion of the ECB’s balance sheet rather than substantial additional reductions in the policy rate.
Publisher: International Monetary Fund
ISBN: 1475524471
Category : Business & Economics
Languages : en
Pages : 48
Book Description
More than two years ago the European Central Bank (ECB) adopted a negative interest rate policy (NIRP) to achieve its price stability objective. Negative interest rates have so far supported easier financial conditions and contributed to a modest expansion in credit, demonstrating that the zero lower bound is less binding than previously thought. However, interest rate cuts also weigh on bank profitability. Substantial rate cuts may at some point outweigh the benefits from higher asset values and stronger aggregate demand. Further monetary accommodation may need to rely more on credit easing and an expansion of the ECB’s balance sheet rather than substantial additional reductions in the policy rate.