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This book highlights the achievements and challenges of the ongoing process of financial integration in Europe. This unique collection will be of great interest to economists and experts in the fields of financial markets and European integration from central, commercial and investment banks,...
Persistent link: https://www.econbiz.de/10011851237
. This timely set of studies looks at the turmoil in global financial markets, which coupled with volatile inflation poses … flows', 'What are the linkages between monetary stability and financial stability?' and 'Is inflation targeting or a fixed …
Persistent link: https://www.econbiz.de/10011851216
operate at the level of full employment without provoking unmanageable inflation. They also contend that budget deficits do …pt. I. Introduction -- pt. II. Functional finance : the background -- pt. III. Assessing the inflation barrier -- pt …
Persistent link: https://www.econbiz.de/10011852035
There is much confusion in the economics literature on wage determination and the employment-inflation trade-off. Few … system and private savings in Italy -- Do the elderly dissave in Japan? -- On robust monetary policy -- The euro and the … account -- Land prices and business fixed investment in Japan -- Rationality, behavior and switching idiosyncracies in the …
Persistent link: https://www.econbiz.de/10011851839
Bottom-up approaches towards a global climate agreement : an overview -- Carlo Carraro, Christian Egenhofer and Noriko Fujiwara -- Regional and subglobal climate blocs : a cost-benefit analysis of bottom-up climate regimes / Barbara Buchner and Carlo Carraro -- Do regional integration approaches...
Persistent link: https://www.econbiz.de/10012420021
1. Opening remarks -- 2. Fiscal policies and sustainability of public finances in the European Union -- 3. Fiscal policy challenges, sustainability of public finances and EU accession : the case of Turkey -- 4. Monetary policy in the Euro area : lessons from five years of the ECB and then...
Persistent link: https://www.econbiz.de/10012420007
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
Potential new entrants to the European Union from Central and Eastern European countries face many challenges to achieve financial convergence with the existing EU nations. Using detailed case studies from Bulgaria, the Czech Republic, Latvia, Lithuania and Poland and analysis of cross country...
Persistent link: https://www.econbiz.de/10011850773
This book is an up-to-date, authoritative and comprehensive analysis of the key issues and challenges facing regional currency area projects in the context of financial globalization. The authors focus on several central issues that emerged during the experiences of the 1990s and 2000s: exchange...
Persistent link: https://www.econbiz.de/10011851024
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