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Persistent link: https://www.econbiz.de/10001355518
prolonged growth. They contend that the economic impact of the euro, and its accompanying institutions, is likely to be … as the Stability and Growth Pact which govern the euro. The authors propose alternative policy and institutional … arrangements within which the euro should be embedded. They demonstrate that these would have the benefits of a single currency …
Persistent link: https://www.econbiz.de/10011851191
Persistent link: https://www.econbiz.de/10001467253
The launch of the euro reinforces the foundations for unprecedented economic integration encompassing 11 countries, 16 … per cent of world GDP and 290 million people. For the first time, the OECD has studied the euro-area as a fully … that is up to the issues at stake has still to be fully defined. And the euro area's ability to absorb economic shocks must …
Persistent link: https://www.econbiz.de/10012443995
This highly topical book examines the development and future prospects for economic and monetary union in Europe. European Monetary Integration examines the background to economic and monetary union from a historical perspective that distinguishes between national and supranational currency...
Persistent link: https://www.econbiz.de/10011850579
Economic and Monetary Union in Europe brings together contributions from leading specialists which explain and evaluate the most important implications of economic and monetary union. The book examines theoretical aspects of monetary integration, illustrates the historical lessons to be learned...
Persistent link: https://www.econbiz.de/10011850608
This book deals with the economic consequences of monetary integration, which has long been dominated by the Optimal Currency Area (OCA) paradigm. In this model, money is perceived as having developed from a private sector cost minimization process to facilitate transactions. Not surprisingly,...
Persistent link: https://www.econbiz.de/10011850704
financial market efficiency. The overall impact of building a market driven financial system on economic development is also …
Persistent link: https://www.econbiz.de/10011850773
EMU is a completely new policy regime which has significant economic implications and which, it is hoped, will ultimately enhance the role of Europe on the world stage. EMU and Economic Policy in Europe takes stock of the initial experiences of EMU and assesses the challenges which will have to...
Persistent link: https://www.econbiz.de/10011851107
The book reveals that European product market integration has a significant impact on the conditions of competition …
Persistent link: https://www.econbiz.de/10011851154