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The process of european monetary integration: a comparison of the belgian and italian approaches

Maes, Ivo; Quaglia, Lucia - In: Banca Nazionale del Lavoro Quarterly Review 56 (2003) 227, pp. 299-335

focusses on Belgian and Italian attitudes towards European integration and EMU, exchange rate policies, key concepts of the EMU …

Persistent link: https://www.econbiz.de/10010752510

Anchor, float or abandon ship: exchange rate regimes for the accession countries

Buiter, Willem H.; Grafe, Clemens - In: Banca Nazionale del Lavoro Quarterly Review 55 (2002) 221, pp. 111-142

accession and following EU accession but prior to EMU membership. We conclude that, from an economic point of view, EMU … exchange rate criteria for EMU membership could lead to unnecessary delays in EMU membership for the accession countries …. Theexchange rate criterion for EMU membership requires that the candidate "has respected the normal fluctuation margins provided …

Persistent link: https://www.econbiz.de/10010752511

Monetary policy and wage bargaining in the EMU: restrictive ECB policies, high unemployment, nominal wage restraint and inflation above the target

Hein, Eckhard - In: Banca Nazionale del Lavoro Quarterly Review 55 (2002) 222, pp. 299-337

(EMU), the first step sees development of a Post-Keynesian competitive claims model of inflation with endogenous money. In … the EMU, different scenarios determined by wage bargainingcoordination and the European Central Bank's (ECB) monetary … policies are developed. It is shown that the first phase of the EMU was dominated by uncoordinated wage bargaining across the …

Persistent link: https://www.econbiz.de/10010752540

What central banks have learned: lessons from pre-EMU Europe

Houben, Aerdt C.F.J. - In: Banca Nazionale del Lavoro Quarterly Review 54 (2001) 218, pp. 289-311

This paper examines the intentions and outturns of central bank policies in Europefrom the collapse of the Bretton Woods system of fixed exchange rates until the start ofEMU in 1999. It focuses on the lessons that can be drawn from the three dominant policy strategies of money targeting,...

Persistent link: https://www.econbiz.de/10010753924

The transmission of monetary shocks in the euro area: a V AR analysis based on euro-wide data

Kakes, Jan; Pattanaik, Sitikantha - In: Banca Nazionale del Lavoro Quarterly Review 53 (2000) 213, pp. 171-186

Using area-wide data, we simulate the responses of inflation and real output following monetary shocks in the EMU. We …

Persistent link: https://www.econbiz.de/10010754200

German Monetary Union, the Bundesbank and the EMS collapse

HEFEKER, C. - In: Banca Nazionale del Lavoro Quarterly Review 47 (1994) 191, pp. 379-398

monetary union (EMU). Two major causes have been identified for one crisis in the EMS in September 1992 and its subsequent …

Persistent link: https://www.econbiz.de/10010765250

Budget and constitution: a proposal for revision in the light of the Maastricht Treaty

MASERA, R.S. - In: Banca Nazionale del Lavoro Quarterly Review 49 (1996) 196, pp. 37-58

The problems regarding Italy's proposed adherence to the European Economic and Monetary Union are discussed, particularly, the procedures in determining the public budget and their possible changes. Transparency in the budget process is needed to be able to do this task. The implications of the...

Persistent link: https://www.econbiz.de/10010765277

Bank capital ratios in the 1990s: cross-country evidence

Bondt, Gabe J. De; Prast, Henriette M. - In: Banca Nazionale del Lavoro Quarterly Review 53 (2000) 212, pp. 71-97

This study aims at assessing empirically the determinants of changes in risk-weighted bank capital ratios in the 1990s in Germany, France, Italy, the Netherlands, the UK and the US. Both bank-specific characteristics, factors at the banking industry level and the degree of undercapitalization...

Persistent link: https://www.econbiz.de/10010655983

The EU and the euro: an example to imitate?

C. Dâ€™ADDA - In: Banca Nazionale del Lavoro Quarterly Review 52 (1999) 211, pp. 383-399

An economic analysis of the EU and EMU, from origin to likely future, is presented. …

Persistent link: https://www.econbiz.de/10011159118

Setting conversion rates for the third stage of EMU

GRAUWE, P. DE; SPAVENTA, L. - In: Banca Nazionale del Lavoro Quarterly Review 50 (1997) 201, pp. 131-146

The work examines how the irrevocably fixed conversion rates for the currencies of countries participating in the EMU …

Persistent link: https://www.econbiz.de/10010762460