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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
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
The dramatic evolution of financial markets in the 1980s and 1990s, accompanied by increasing institutional integration between nations (most notably in the EU), have fostered a widespread belief that governments - particularly those of small economies - have essentially lost the power to pursue...
Persistent link: https://www.econbiz.de/10011851304
This book explores the origins, rationale, problems and prospects of the European fiscal policy framework. It provides the reader with a roadmap to EMU's budgetary framework by exploring its theoretical and empirical foundations, uncovering its historical roots and emphasising its supranational...
Persistent link: https://www.econbiz.de/10011852061
"Part of the Elgar Series on Central Banking and Monetary Policy, this book explores challenges surrounding central banking today. It goes beyond the immediate concerns with monetary policy and focuses instead on the concept of central banking more generally. Chapter authors explore emerging...
Persistent link: https://www.econbiz.de/10013400370
Celebrating the contribution that Charles Goodhart has made to monetary economics and policy, this unique compendium of original papers draws together a highly respected group of international academics, central bankers and financial market regulators covering a broad range of issues in modern...
Persistent link: https://www.econbiz.de/10011851645
Annual 1995, Volume 10, Cambridge, MA, USA: MIT Press, 253-74 -- Charles Goodhart and Dirk Schoenmaker (1995), 'Should the … Elgar Publishing, Cheltenham, UK and Northampton, MA, USA -- King, M. (2005), Monetary Policy: Practice Ahead of Theory …, CESifo Seminar Series, MIT Press, Cambridge, MA, USA -- Thomas J. Sargent and Neil Wallace (1981), 'Some Unpleasant …
Persistent link: https://www.econbiz.de/10011852195
The horizontalist perspective is an extension of the post-Keynesian approach, that has hitherto focused on a theory of credit and money. This book extends horizontalism beyond its traditional boundaries and makes it consistent with the post-Keynesian theories of output and the open economy. The...
Persistent link: https://www.econbiz.de/10014473823
Money and credit are key themes of Allan H. Meltzer's ground-breaking work which is celebrated in this outstanding collection of his essays and papers. Money, Credit and Policy covers the demand for money, the relation of money to output, the role of credit and debt, regulation of financial...
Persistent link: https://www.econbiz.de/10014473936