Download or read book EMU and the International Monetary System written by Mr.Thomas Krueger and published by International Monetary Fund. This book was released on 1997-09-10 with total page 580 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book, edited by Paul R. Masson, Thomas Krueger, and Bart G. Turtelboom, contains the proceedings of the seminar held in Washington, D.C. on March 17-18, 1997, cosponsored by the IMF and Fondation Camille Gutt. Conference participants discussed implications of European Economic and Monetary Union (EMU) on exchange and financial markets, and consequently on the activities of market participants and private and official institutions. The five main themes of the seminar were the characteristics of the euro and its potential role as an international currency; EMU and international policy coordination; EMU and the relationship between the IMF and its EMU members; lessons of European monetary integration for the international monetary system; and the transitioin to EMU.
Download or read book The creation of the European Monetary Union EMU written by Ramona Kraft and published by GRIN Verlag. This book was released on 2007-04-16 with total page 18 pages. Available in PDF, EPUB and Kindle. Book excerpt: Essay from the year 2006 in the subject Economics - Monetary theory and policy, grade: 1,4, Dublin City University (Business School), course: Course EU Politics, language: English, abstract: The creation of the European and Monetary Union (EMU) has been one of the most determined and successful projects carried out by the European Union (EU) – and it is still in progress since eleven EU-countries are, following the Maastricht treaty, legally required to join the Eurozone as soon as they meet the convergence criteria. The reasons for the creation of EMU have been widely discussed among scholars; some focus on the request for political integration that would resulted from an EMU, some claim that the EMU was established to promote growth and investment. The assignment will hence “discuss how the creation of EMU was both an economic and politically driven process”. Chapter 1 outlines events and agreements which indirectly led to the EMU. Chapter 2 assesses the Delors Report and the Stability and Growth Pact (SGP) which affect EMU directly . Chapter 3 concludes by analysing the mentioned 30-year process leading to the EMU and gives a brief outlook. This approach has been chosen because it is essential to study the historical events leading to the Delors Report and finally the Treaty on European Union (TEU) in order to analyse the creation of EMU.
Download or read book European Monetary Integration written by George K. Zestos and published by South Western Educational Publishing. This book was released on 2006 with total page 296 pages. Available in PDF, EPUB and Kindle. Book excerpt: This shorter text provides a complete overview of European economic and monetary integrationand investigates the euro's impact on Europe and the rest of the global economy. It takes anintuitive approach to explaining the complicated issues regarding the formation of the EMUand the introduction of the euro.
Download or read book A Concise History of European Monetary Integration written by Horst Ungerer and published by Praeger. This book was released on 1997-07-16 with total page 360 pages. Available in PDF, EPUB and Kindle. Book excerpt: A comprehensive, concise--and unique--examination of the history of European monetary integration since the end of World War II, and how this fits into the anticipated economic and monetary union and closer political cooperation of European countries.
Download or read book Characteristics of the Euro the Demand for Reserves and Policy Coordination Under EMU written by Mr.Paul R. Masson and published by International Monetary Fund. This book was released on 1997-05-01 with total page 38 pages. Available in PDF, EPUB and Kindle. Book excerpt: The success of European Economic and Monetary Union (EMU) will depend on the stability of the euro. The monetary policy framework is yet to be decided, but is likely to involve either money or inflation targeting. Stochastic simulations compare the outcomes for major macroeconomic and financial variables pre- and post-EMU under both policy rules, as well as under an inflation targeting rule that includes output. Implications for the euro as a reserve currency are examined in the light of the expected returns and covariances among reserve currencies. The role of the exchange rate as an indicator and incentives for policy coordination with other major countries are also discussed.
Download or read book The Pros and Cons of EMU written by David A. Currie and published by . This book was released on 1997 with total page 128 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book EU Law of Economic Monetary Union written by Fabian Amtenbrink and published by Oxford University Press. This book was released on 2020-05-21 with total page 1808 pages. Available in PDF, EPUB and Kindle. Book excerpt: Presenting a sweeping analysis of the legal foundations, institutions, and substantive legal issues in EU monetary integration, The EU Law of Economic and Monetary Union serves as an authoritative reference on the legal framework of European economic and monetary union. The book opens by setting out the broader contexts for the European project - historical, economic, political, and regarding the international framework. It goes on to examine the constitutional architecture of EMU; the main institutions and their legal powers; the core legal provisions of monetary and economic union; and the relationship of EMU with EU financial market and banking regulation. The concluding section analyses the current EMU crisis and the main avenues of future reform.
Download or read book Effects of the European Economic and Monetary Union EMU on Taxation and Interest Spending of National Governments written by Mr.Francesco P. Mongelli and published by International Monetary Fund. This book was released on 1997-07-01 with total page 37 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper examines the interest spending and taxation channels through which EMU could affect the public finances. It provides a framework for examining different views on a further narrowing of interest rate differentials. A model of Blanchard and Fischer is amended to analyze the two channels, and empirical evidence on the tax harmonization process is presented. The paper argues that “high-debt” and “high-tax” countries pursuing prudent fiscal policies could benefit the most from EMU: if monetary and widespread fiscal discipline are jointly established, interest rates could decline rapidly, while tax harmonization is likely to be gradual.
Download or read book EMU Explained written by Ruth Pitchford and published by . This book was released on 1997 with total page 308 pages. Available in PDF, EPUB and Kindle. Book excerpt: The introduction from leading academic Christopher Taylor looks at the origins, aims and politics of EMU, while the core of the book comprises detailed analyses by specialist Reuters correspondents based in the world's major financial centres.
Download or read book The Economic and Business Consequences of the EMU written by Hubert Ooghe and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 441 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Economic and Business Consequences of the EMU A Challenge for Governments, Financial Institutions and Firms Hubert Ooghe Conference Chairman, Vlerick Leuven Gent Management School alld Ghent University EMU finally got under way on 1 st January 1999. Since then 11 European countries share a common currency, the Euro, and pursue a common monetary policy managed by the European Central Bank (ECB). After forty years of economic integration, Euroland has the wherewithal with which to enter the 21 st century. However monetary union has implications for nearly all areas of economic activity and decision-making. Throughout the academic world researchers are fully occupied with the theoretical analysis of the impact of the Euro and the effects of incorporating the new operational framework into their economic models. Businesses and government departments are concerned primarily with the practical implementation of the single currency. For all those who playa part in the economy, it is a question of making the most of the macro and micro economic opportunities offered by the Euro and minimising any threats. On 17th and 18th March 2000, after the EMU and Euro were in operation for one year, an international conference was held in Ghent (Belgium) on the economic consequences of the introduction of the EMU and the Euro for governments, financial institutions and firms.
Download or read book EMU Facts Challenges and Policies written by OECD and published by OECD Publishing. This book was released on 1999-03-18 with total page 210 pages. Available in PDF, EPUB and Kindle. Book excerpt: The launch of the euro reinforces the foundations for unprecedented economic integration encompassing 11 countries, 16 per cent of world GDP and 290 million people. For the first time, the OECD has studied the euro-area as a fully-fledged economic ...
Download or read book European Identity and EMU written by Esther Kemmer and published by GRIN Verlag. This book was released on 2005-04-20 with total page 13 pages. Available in PDF, EPUB and Kindle. Book excerpt: Seminar paper from the year 2004 in the subject Politics - Topic: European Union, grade: English: 6,5 out of 10, Maastricht University, language: English, abstract: Europe is coming closer together, this is shown in many parts of daily life. It is often argued that money is one of the best-known and most effective tools in symbolising the “united Europe”, the EU. Most of the member states of the European Union who matched the criteria of the Growth and Stability Pact seem to have agreed to this and joined the Economic and Monetary Union (EMU) as soon as it was introduced. But why were there some who decided not to exchange their national currency in favour for the common European one? Did they not feel an affinity with other Europeans? Did they not see that all Europeans are part of a community which is trying to express its unity through a common currency? Or did they not view the Euro ideologically, but rationally? And if they did what does this tell us about their European Identity? In short, is it necessary to join the Economic and Monetary Union to be a European? This article tries to answer these questions by looking for reasons why Denmark, The United Kingdom and Sweden decided not to accept the Euro, in particular looking for similarities, and their relation to the development of a single European Identity. [...]
Download or read book EMU written by Richard Baldwin and published by Wiley-Blackwell. This book was released on 2004-01-26 with total page 320 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is the first book to investigate how the Euro has affected trade, financial markets, macroeconomic policy making and Europe’s economic performance since it came into operation in January 1999. Features eight studies by leading European and North American economists. Covers topics such as inflation measurement, price stability, fiscal policies and monetary policy. Also looks at economic conditions and prospects outside the Eurozone. Presents essential information in non-technical language.
Download or read book One Money for Europe written by Malcolm Crawford and published by Springer. This book was released on 2016-07-27 with total page 390 pages. Available in PDF, EPUB and Kindle. Book excerpt: Europe is on the road to monetary union (EMU) even if there may be delays and diversions on the way. The focal point of EMU will be its single currency, valid throughout all participating countries, and replacing the national currencies. There will be considerable transitional pain and stress, most of all for member states with very high public debts. For the rest, the road ahead will not be smooth, but should be assisted by easier monetary policy in Germany since 1993. For some countries at least, the pain will be aggravated unnecessarily by design defects in the transitional rules for entry - which there is still time to remedy. The author - no admirer of a federal Europe - describes how EMU could actually work better in a confederal Europe with no federal chief executive and with a relatively weak Parliament. The independent Eurofed would be responsible for managing economic policy on an EC-wide basis, while national governments could use fiscal policies to mitigate local deviations. Weak regions and poor peripheral countries would require more flexible assistance from EC resources, however.
Download or read book EMU One Year on written by OECD and published by OECD Publishing. This book was released on 2000-03-29 with total page 181 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study assesses economic developments and policies during the inaugural year of Europe's single currency regime. It analyses the economic performance and prospects of the euro area as a whole, and highlights to what extent aggregate trends are shaped by convergence or divergence.
Download or read book EMU and Economic Policy in Europe written by Marco Buti and published by Edward Elgar Publishing. This book was released on 2002-01-01 with total page 520 pages. Available in PDF, EPUB and Kindle. Book excerpt: Explores issues surrounding the European Monetary Union, including the financial impact of the euro, the behavior of monetary and fiscal authorities, and the consequences of EU enlargement.
Download or read book Adjustment and Growth in the European Monetary Union written by Francisco Torres and published by Cambridge University Press. This book was released on 1993-10-21 with total page 406 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Maastricht Treaty, signed in December 1991, set a timetable for the European Community's economic and monetary union (EMU) and clearly defined the institutional policy changes necessary for its achievement. Subsequent developments have demonstrated, however, the importance of many key issues in the transition to EMU that were largely neglected at the time. This volume reports the proceedings of a joint CEPR conference with the Banco de Portugal, held in January 1992. In these papers, leading international experts address the instability of the transition to EMU, the long-run implications of monetary union and the single market for growth and convergence in Europe. They also consider the prospects for inflation and fiscal convergence, regional policy and the integration of financial markets and fiscal systems. Attention focuses on adjustment mechanisms with differentiated shocks, region-specific business cycles and excessive industrial concentration and the cases for a two-speed EMU and fiscal federalism.
