From the European Monetary Union to the Atlantic Economic Monetary Union
In: The European Union review, Band 15, Heft 1-2, S. 21-77
ISSN: 1606-8963
In: The European Union review, Band 15, Heft 1-2, S. 21-77
ISSN: 1606-8963
In: The European Union series
In: The European Union Ser.
Cover -- Contents -- List of Figures, Tables and Boxes -- Abbreviations -- Acknowledgements -- Introduction -- 1 History of Economic and Monetary Union -- From the Snake to the EMS -- Launching Monetary Union, 1999-2008 -- Crisis and Aftermath: Reconstructing EMU, 2008-present -- Conclusion -- 2 Monetary Integration -- Evolution EMU 1.0 -- Institutions -- Conclusion -- 3 The European Central Bank -- Institutional Configuration and Legal Mandates -- The ECB's Record -- Conclusion -- 4 Financial Integration and Banking Union -- Evolution -- Institutions -- External Dimension -- Conclusion -- 5 Fiscal Policy Coordination -- Evolution -- Instruments -- Conclusion -- 6 Economic Policy Coordination -- Evolution -- Institutions and Instruments -- Conclusion -- 7 The Euro Outs: A View from the Outside -- Becoming a Euro Insider -- Evolution -- The Euro Outsiders with Opt-outs -- Pre-euro Accession Countries -- Remaining in as an Out -- Conclusion -- 8 EMU and the World -- The Euro as an International Currency -- China and the Euro -- External Representation -- Conclusion -- Conclusion -- Bibliography -- Index.
"This book, unlike other books, provides readers with a practical yet sophisticated grasp of the macroeconomic principles necessary to understand a monetary union. By definition, a monetary union is a group of countries that share a common currency. The most important case in point is the Euro area. Policy makers are the central bank, national governments, and national labour unions. Policy targets are price stability and full employment. Policy makers follow cold-turkey or gradualist strategies. Policy decisions are taken sequentially or simultaneously. The countries can differ in size or behaviour. Policy expectations are adaptive or rational. To illustrate all of this there are numerical simulations of monetary policy, fiscal policy, and wage policy."--Jacket
In: Journal of common market studies: JCMS, Band 31, Heft 4, S. 447-472
ISSN: 0021-9886
World Affairs Online
In: International studies perspectives: a journal of the International Studies Association, Band 4, Heft 3, S. 275-292
ISSN: 1528-3577
World Affairs Online
In: Routledge international studies in money and banking 21
In: Springer eBook Collection
This book studies the causes and cures of inflation in a monetary union. It carefully discusses the effects of money growth and output growth on inflation. The focus is on producer inflation, currency depreciation and consumer inflation. For instance, what determines the rate of consumer inflation in Europe, and what in America? Moreover, what determines the rate of consumer inflation in Germany, and what in France? Further topics are real depreciation, nominal and real interest rates, the growth of nominal wages, the growth of producer real wages, and the growth of consumer real wages. Here productivity growth and labour growth play significant roles. Another important issue is target inflation and required money growth. A special feature of this book is the numerical estimation of shock and policy multipliers
In: Swiss political science review: SPSR = Schweizerische Zeitschrift für Politikwissenschaft : SZPW = Revue suisse de science politique : RSSP, Band 3, Heft 2, S. 1-8
ISSN: 1662-6370
In: Common Market Law Review, Band 8, Heft 2, S. 206-212
ISSN: 0165-0750