Narrow search
Showing 1 - 10 of 23,872
Cover Image
Securing Financial Stability: Problems and Prospects for New EU Members
Bonello, Michael C; Saccomanni, Fabrizio; Buch, Claudia M. - 2003
1) Stability Oriented Monetary and Prudential Policies in EU Accession Countries, by Michael C. Bonello 2) Ensuring Financial Stability: Global and European Perspectives, by Fabrizio Saccomanni 3) Foreign Bank Ownership: A Bonus or Threat for Financial Stability? by Claudia M. Buch, Jörn...
Persistent link: https://www.econbiz.de/10011689910
Cover Image
Die EWWU als Club : positive und normative Implikationen für den Beitritt mittel- und osteuropäischer Reformstaaten ; Beitrag für den Projektbericht: "Währungspolitische Optionen f...
Sell, Friedrich L. - 1999
Republic, Hungary, Estonia, Slovenia and Poland) which are interested in becoming soon members of EMU. The approach chosen …
Persistent link: https://www.econbiz.de/10010508262
Cover Image
EMU's flawed economic constitution: macroeconomic policy disabled
Martin, Andrew - In: International Journal of Economics and Business Research 2 (2010) 1/2, pp. 60-75
EMU's design is seriously flawed. Monetary union was established without political union, creating a single eurozone … a eurozone-wide monetary-fiscal policy mix capable of combining growth and employment with price stability. EMU thus …
Persistent link: https://www.econbiz.de/10010669620
Cover Image
Ten years of European Monetary Union: What's gone right and What's gone wrong
Kenen, Peter B. - In: International Journal of Economics and Business Research 2 (2010) 1/2, pp. 6-9
In 1991, the European Union undertook to form a full-fledged monetary union. It established the European Monetary Union with a European Central Bank (ECB) at its apex and a mandate to pursue price stability. The European regime differs from the US Federal Reserve System, which must pursue high...
Persistent link: https://www.econbiz.de/10010669628
Cover Image
The role of fiscal policy in EMU: a simulation with EUROMON
Demertzis, M.; Peeters, H.M.M. - de Nederlandsche Bank - 2001
Country members of EMU as well as the United States have improved their fiscal positions during the course of the past … decade. This article considers the impact of further government debt and deficit reductions in the EMU area. First the …
Persistent link: https://www.econbiz.de/10004970706
Cover Image
Securing Financial Stability: Problems and Prospects for New EU Members
Kleinert, Joern; Bonello, Michael C; Saccomanni, Fabrizio; … - SUERF - The European Money and Finance Forum
1) Stability Oriented Monetary and Prudential Policies in EU Accession Countries, by Michael C. Bonello 2) Ensuring Financial Stability: Global and European Perspectives, by Fabrizio Saccomanni 3) Foreign Bank Ownership: A Bonus or Threat for Financial Stability? by Claudia M. Buch, Jörn...
Persistent link: https://www.econbiz.de/10005702817
Cover Image
Rules versus human beings, and the mandate of the ECB
Fratzscher, Marcel - In: CESifo economic studies : CESifo, a joint initiative of … 62 (2016) 1, pp. 68-87
The actions by the European Central Bank (ECB) during the global and European crises have triggered a highly controversial debate, in particular in Germany, about the costs and benefits of the chosen policy path. The article reviews, compares, and evaluates the different arguments made in favor...
Persistent link: https://www.econbiz.de/10011458707
Cover Image
Considerations on the monetary policy framework of the European Central Bank
Tosato, Andrea Giorgio - 2022
This working paper offers some considerations on the monetary policy framework of the European Central Bank. The trade-offs arising from adopting a point target configuration over a range target one are assessed in terms of their flexibility vs. inflation anchoring properties. This layout is...
Persistent link: https://www.econbiz.de/10012802090
Cover Image
The ECB's price stability framework : past experience, and current and future challenges
2021
The ECB's price stability mandate has been defined by the Treaty. But the Treaty has not spelled out what price stability precisely means. To make the mandate operational, the Governing Council has provided a quantitative definition in 1998 and a clarification in 2003. The landscape has changed...
Persistent link: https://www.econbiz.de/10012627164
Cover Image
The primary goal of monetary policy : reflections on the nature of the problem
Hetmańczuk, Adam - In: Central European review of economics and management : CEREM 5 (2021) 1, pp. 77-101
Aim: In this article, the state of the discourse concerning the final goal of the modern central bank is presented, in particular the aim of price stability, understood as low and stable inflation. Design/Research methods: The article was prepared on the basis of scientific publications in the...
Persistent link: https://www.econbiz.de/10013198396