Showing 1 - 10 of 73
The monetary policy decision, as any other decision, is the product of a procedure assembling a lot of primary information, but also what type of other ingredients contribute finally to a certain monetary policy decision.
Persistent link: https://www.econbiz.de/10008464218
This paper aims to review existing literature on the endogenous effects of monetary integration: whether sharing a single currency may set in motion forces bringing countries closer together. The first part is a review of significant paper in the vast literature on the endogeneity of optimum...
Persistent link: https://www.econbiz.de/10015225421
The aim of this paper is to analyze whether the Euro zone is an optimal currency area. The analysis takes into consideration the existing literature and the empirical data for several criteria of the optimum currency area theory. Since the introduction of the euro there have been significant...
Persistent link: https://www.econbiz.de/10015225516
The “new” economy seems to be vulnerable to cyclical shocks that increased in magnitude and induced higher volatilities on the markets. The role assumed by state in this equation of markets’ equilibrium significantly increased. The causes of current crisis of modern economies are strongly...
Persistent link: https://www.econbiz.de/10015228548
The paper aims to evaluate the degree of business cycle synchronization and similarity of economic structures between Romania and the euro zone from the perspective of European Monetary Union (EMU) integration. Despite the fact that the euro adoption can generate benefits for the Romanian...
Persistent link: https://www.econbiz.de/10015227107
This paper assesses the level of readiness of Romania to adopt euro, based on nominal and real convergence criteria evaluation. We used the optimal currency area criteria in order to assess the real convergence process in Romania. The main conclusion of the paper is that more progress is...
Persistent link: https://www.econbiz.de/10015219054
This paperwork is focused on European Central Bank activity related to the financial integration and globalization as the most important contemporary phenomena from the monetary global system governance pint of view. The eternal question mark above the recommended dependency degree of national...
Persistent link: https://www.econbiz.de/10015222714
During the last decades, the monetary policy had to face significant changes caused by various processes. This paper explores the challenges induced by the recent global crisis to the central banks policies. We approach some possible solutions to the dramatic consequences of the crisis: the...
Persistent link: https://www.econbiz.de/10015238951
The conduct of the monetary policy could be view as a series of decisions in which the objectives and tools are chosen. This paper explores some aspects of the strategic decisions of the monetary policy such as the roles played by central banks and other public authorities, the main constraints...
Persistent link: https://www.econbiz.de/10015239563
This paper explores some recent challenges for the inflation targeting. The circumstances are different for the emerging market countries and for the industrialized ones. In many emerging market countries the central banks adopted more or less formally the inflation targeting, in order to gain...
Persistent link: https://www.econbiz.de/10015240624