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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
New Europe looks at the key issues for applicant countries as they negotiate the terms of their membership in the European …
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
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
assets. Revisiting the debate on financial sector oversight in Europe, a range of highly acclaimed international academics …
Persistent link: https://www.econbiz.de/10013462758
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 highlights the achievements and challenges of the ongoing process of financial integration in Europe. This … financial integration / Cesare Calari -- Financial globalization, corporate governance and Eastern Europe / René M. Stulz … -- Does the financial sector need Europe? / Gertrude Tumpel-Gugerell -- The Central and Eastern European financial sector …
Persistent link: https://www.econbiz.de/10011851237
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
There is much confusion in the economics literature on wage determination and the employment-inflation trade-off. Few model builders pay as much careful attention to the definition and meaning of long-run concepts as did Albert Ando. Expanding on years of painstaking work by Ando, the...
Persistent link: https://www.econbiz.de/10011851839