European Monetary Union and Exchange Rate Dynamics : New Approaches and Application to the Euro

by Paul J. J. Welfens

The creation of the European Central Bank and the Euro have brought new challenges to EU integration and economic policy. This book looks into issues of monetary and factor market policies. The analysis also presents new theoretical and empirical research on the - transitory - decline of the Euro. Issues of exchange rate policy and international economic relations also are addressed

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Year of publication:	2001
Authors:	Welfens, Paul J. J.
Publisher:	Berlin, Heidelberg : Springer Berlin Heidelberg
Subject:	Eurozone \| Euro area \| EU-Staaten \| EU countries \| Euro \| Optimaler Währungsraum \| Optimum currency area \| Monetäre Wechselkurstheorie \| Monetary approach to exchange rates \| Kaufkraftparität \| Purchasing power parity \| Wechselkurs \| Exchange rate \| Wechselkurssystem \| Exchange rate regime \| Theorie \| Theory \| Wechselkurspolitik \| Exchange rate policy \| Geldpolitik \| Monetary policy

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Extent:	Online-Ressource (X, 161 p) online resource
Type of publication:	Book / Working Paper
Language:	English
Notes:	A. European Monetary Union: Start of the Euro and the Need for Complementary Measures in Euroland1. Introduction -- 2. The Single Market, Growth Perspectives and Welfare Effects of the Euro -- 3. Price Competition, Real Interest Rates and Investment under EMU -- 4. Transmission Channels of Monetary Policy -- 5. EMU, Capital Markets and Growth of New Firms -- 6. Relative Prices, Factor Rewards and Real Convergence -- 7. Labor Markets, Mobility and Unemployment -- 8. Implications for Economic Policies and Budget Consolidation -- 9. Looming EU Protectionism? -- 10. Real Exchange Rate Aspects -- 11. Summary and Conclusions -- Appendix A -- B. Modern Exchange Rate Theory and Schumpetrian Economic Analysis: New Approach and Application to the Euro -- 1. Introduction -- 2. Exchange Rate Analysis in the Short and Long Run: A New Approach -- 3. Conclusions -- Appendix B1 -- Appendix B2 -- Appendix B3 -- Appendix B4 -- Appendix B5 -- C. Exchange Rate Policy for the Euro: Theory, Strategie Issues and Policy Options -- 1. Introduction -- 2. Exchange Rate Regimes and Exchange Rate Policies -- 3. The EMS Mark II -- 4. Summary and Conclusions -- Appendix C -- References -- List of Figures -- List of Tables.
ISBN:	978-3-642-56913-5 ; 978-3-642-63228-0
Other identifiers:	10.1007/978-3-642-56913-5 [DOI]
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10013521701