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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
achieve financial convergence with the existing EU nations. Using detailed case studies from Bulgaria, the Czech Republic …
Persistent link: https://www.econbiz.de/10011850773
The authors offer a sustained argument that the single currency as currently implemented does not promise to deliver prolonged growth. They contend that the economic impact of the euro, and its accompanying institutions, is likely to be destabilising and deflationary; that the political impact...
Persistent link: https://www.econbiz.de/10011851191
Financial integration and financial deepening in the EU : mind the gap / Klaus Liebscher -- Benefits and risks of … policy / Cristian Popa -- The financial system of the EU-25 / Franklin Allen, Laura Bartiloro and Oskar Kowalewski -- Meeting … the need for a regulatory framework for EU financial markets / Alexandre Lamfalussy -- Finance and growth : the legacy of …
Persistent link: https://www.econbiz.de/10011851237
between nations (most notably in the EU), have fostered a widespread belief that governments - particularly those of small …
Persistent link: https://www.econbiz.de/10011851304
1. Introduction -- 2. Issues facing the global economy -- 3. Internal aspects of the euro -- 4. International aspects of the euro -- 5. Lionel Robbins lecture -- 6. The future of the EMU, the euro, and international finance -- 7. The role of gold in the international monetary system -- 8....
Persistent link: https://www.econbiz.de/10011851446
-- 11. Reforming EMU's fiscal rules -- 12. National budgets and the EU budget -- 13. Postscript : a new stability and growth …
Persistent link: https://www.econbiz.de/10011852061
Due to financial market imperfections it is imperative to analyse the relationship between financial structure and the monetary policy transmission process in Europe to effectively design and implement European monetary policy. Focusing on the years 1980-1995 and providing empirical evidence for...
Persistent link: https://www.econbiz.de/10014473859
This book examines the monetary integration of the group of countries which constitute the Economic and Monetary Union (EMU), signalling the emergence of a truly European economy. The authors devote their considerable expertise to the analysis of macroeconomic policies within EMU and the...
Persistent link: https://www.econbiz.de/10014473884
The formulation of a common European monetary policy offers an important challenge to policymakers both in Europe and around the globe. The analysis of monetary transmission mechanisms in Europe, and the US, provides insights of great importance as the institutional environment of monetary...
Persistent link: https://www.econbiz.de/10014473892