The Evolution of Monetary Policy Strategies in Europe PDF Download
Are you looking for read ebook online? Search for your book and save it on your Kindle device, PC, phones or tablets. Download The Evolution of Monetary Policy Strategies in Europe PDF full book. Access full book title The Evolution of Monetary Policy Strategies in Europe by Aerdt C.F.J. Houben. Download full books in PDF and EPUB format.
Author: Aerdt C.F.J. Houben
Publisher: Springer Science & Business Media
ISBN: 1461544718
Category : Business & Economics
Languages : en
Pages : 366
Get Book Here
Book Description
Europe has a rich monetary history. Until recently, its many central banks assigned divergent priorities and pursued policy objectives via different routes. As a result, Europe's past provides fertile ground for those seeking practical guidance to the art ofcentral banking. The importance of this past gained a new dimension with the prospect of Economic and Monetary Union in 1999, as the participating countries were faced with the challenge of bridging their differences and forging a common monetary policy strategy that would apply throughout the new currency area. At the same time, these countries sought to build forth on the theretofore most successful central bank strategies, thereby maintaining a certain degree of policy continuity. Monetary policy strategy is at the core of central banking. This strategy determines how incoming information on economic developments is translated into monetary policy actions and how these policy actions are communicated to the public at large. In other words, the strategy fulfils the dual role ofimposing a structure on the internal policy-making process and ofproviding a vehicle for the external communication of this process. The design of a monetary policy strategy thus brings together key elements such as consistency and transparency - that together determine the effectiveness and credibility ofmonetary policy.
Author: Aerdt C.F.J. Houben
Publisher: Springer Science & Business Media
ISBN: 1461544718
Category : Business & Economics
Languages : en
Pages : 366
Get Book Here
Book Description
Europe has a rich monetary history. Until recently, its many central banks assigned divergent priorities and pursued policy objectives via different routes. As a result, Europe's past provides fertile ground for those seeking practical guidance to the art ofcentral banking. The importance of this past gained a new dimension with the prospect of Economic and Monetary Union in 1999, as the participating countries were faced with the challenge of bridging their differences and forging a common monetary policy strategy that would apply throughout the new currency area. At the same time, these countries sought to build forth on the theretofore most successful central bank strategies, thereby maintaining a certain degree of policy continuity. Monetary policy strategy is at the core of central banking. This strategy determines how incoming information on economic developments is translated into monetary policy actions and how these policy actions are communicated to the public at large. In other words, the strategy fulfils the dual role ofimposing a structure on the internal policy-making process and ofproviding a vehicle for the external communication of this process. The design of a monetary policy strategy thus brings together key elements such as consistency and transparency - that together determine the effectiveness and credibility ofmonetary policy.
Author: Massimo Rostagno
Publisher: Oxford University Press
ISBN: 0192895915
Category : Business & Economics
Languages : en
Pages : 449
Get Book Here
Book Description
The first twenty years of the European Central Bank offer a unique insight into how a central bank can navigate macroeconomic insecurity and crisis. This volume examines the structures and decision-making processes behind the complex measures taken by the ECB to tackle some of the toughest economic challenges in the history of modern Europe.
Author: Otmar Issing
Publisher: Cambridge University Press
ISBN: 9780521788885
Category : Business & Economics
Languages : en
Pages : 220
Get Book Here
Book Description
A non-technical analysis of the monetary policy strategy, institutions and operational procedures of the Eurosystem, first published in 2001.
Author: Jakob De Haan
Publisher: Routledge
ISBN: 1134604130
Category : Business & Economics
Languages : en
Pages : 180
Get Book Here
Book Description
After fifty years the Deutsche Bundesbank - the central bank that dominated European monetary affairs - has stepped down to entrust monetary policy to the European Central Bank (ECB). This is the first research work to thoroughly explore the lessons to be learned from the Bundesbank by the ECB, in areas such as price stability and political interference.
Author: D. Bundesbank
Publisher: Springer
ISBN: 0230595995
Category : Business & Economics
Languages : en
Pages : 329
Get Book Here
Book Description
The start of the European monetary union gave additional impetus to the lively debate on the effects of monetary policy and the appropriate strategy for central banks. This book collects papers and comments by leading academics and central bankers such as O.Issing, M.King, B.McCallum, A.Meltzer, L.Svensson and H.Tietmeyer. The volume examines methodological questions, the actual role played by the financial sectors and labour markets in implementing monetary policy in Europe, and the likely future developments in these areas.
Author: Tommaso Padoa-Schioppa
Publisher: Oxford University Press, USA
ISBN: 9780198286301
Category : Business & Economics
Languages : en
Pages : 222
Get Book Here
Book Description
Offering a comprehensive model for the evolution of the European Community's monetary system and budget, this study outlines and discusses recent political decisions made by the Community and their implications for its future.
Author: Bill Lucarelli
Publisher: Routledge
ISBN: 042981089X
Category : Business & Economics
Languages : en
Pages : 312
Get Book Here
Book Description
First published in 1999, this work of economic history explores the evolution of the single market and of economic and political integration in Europe since World War II. Beginning with European integration and the genesis of the Customs Union, Bill Lucarelli then proceeds through the Trans-Atlantic Rivalry, the European Monetary Union (EMU) the European Monetary System (EMS) and on to Maastricht. The study intends to be a critique of the prevailing theories of negative integration, weighting economic integration against political integration, with a particular focus on the concept of ‘spill-over’. Lucarelli argues against prevailing functionalist and neo-liberal interpretations of the process of economic integration. The conclusion is critical of the strategy toward European Monetary Union. The book is informed by Marxian and Post-Keynesian Economic theories.
Author: International Center for Monetary and Banking Studies
Publisher: BRILL
ISBN: 9789028601734
Category : Business & Economics
Languages : en
Pages : 180
Get Book Here
Book Description
Author: Aerdt Houben
Publisher:
ISBN:
Category :
Languages : en
Pages : 330
Get Book Here
Book Description
Author: Carlo Altomonte
Publisher: Edward Elgar Publishing
ISBN: 1845426673
Category : Political Science
Languages : en
Pages : 440
Get Book Here
Book Description
Increasingly, policies and laws commonly agreed within the EU shape the political and economic scenarios of nation states in Europe. However, the same European context is radically changing, essentially due to three major recent developments: the adoption of the Euro, EU enlargement to the east and the implementation of the Lisbon Strategy of structural reforms for growth and competitiveness. The book presents a thorough economic analysis of these three events and of their implications for both existing and potential EU policies and objectives. Carlo Altomonte and Mario Nava have written a very rigorous text in an accessible and jargon-free style, ensuring easy acquisition of invaluable insights into the European economic set-up and the possible evolution of EU policies, including an update on the reform of the Growth and Stability Pact and of the 2007 13 Financial Perspectives. The accessibility of economic concepts combined with the methodological rigour of this up-to-date text will be of great interest to both policy makers and students.
