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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
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
A decade after the implementation of the initial wave of economic reforms in India, the process of transforming the country into a fully developed market economy continues. A hallmark of the globalised economy is its ability to sustain competitive efficiency which, in turn, can lead to enhanced...
Persistent link: https://www.econbiz.de/10014474160
Although the globalization of markets and the rapid growth in worldwide information technologies supports harmonization … and integration between countries, substantial differences still exist throughout the world. Global Divergence in Trade … Asia, India, Greece, Mexico, the US and EU accession countries illustrate how differently the globalization process is …
Persistent link: https://www.econbiz.de/10014474068
pt. 1. The globalization of banking -- pt. 2. Banking structures and functions -- pt. 3. Banking risks, crises and … developments that reveal how the internationalization and globalization of banking have developed over recent decades to the …
Persistent link: https://www.econbiz.de/10012420078
determination, income distribution and central bank governance. Many of these chapters share a common theme including a criticism of … the usefulness of monetary policy in fighting or targeting inflation and the questions this raises for central bank … governance. The book also focuses on open economy issues such as capital flows, globalization, FDI and the Washington Consensus …
Persistent link: https://www.econbiz.de/10014474059
on to explore the continuing globalization of financial markets, including further innovations in information …
Persistent link: https://www.econbiz.de/10014437075
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
currency area projects in the context of financial globalization. The authors focus on several central issues that emerged …
Persistent link: https://www.econbiz.de/10011851024
The number of central banks in the world is approaching 180, a tenfold increase since the beginning of the twentieth … such a key role in economic life today? This book examines from a transatlantic perspective how the central bank has become … the bank of banks. Thirteen distinguished economists and central bankers have been brought together to evaluate how …
Persistent link: https://www.econbiz.de/10011851386