Download or read book Seigniorage in the EC written by International Monetary Fund and published by International Monetary Fund. This book was released on 1989-01-01 with total page 20 pages. Available in PDF, EPUB and Kindle. Book excerpt: The paper measures the effects of the integration of European financial markets and lower inflation in the EMS on the revenue from seigniorage for the EC member countries with particular focus on the high inflation countries. Assuming that by 1992 all EC members participate fully in the EMS and reserve requirements are unified, the revenue from seigniorage will be reduced by about 2 percentage points of GDP in Greece and Portugal and 0.5-0.8 percentage points in Italy and Spain. Two different measures of seigniorage yield similar results regarding the change, but differ regarding the level.
Download or read book Seigniorage in the EC written by Daniel Gros and published by . This book was released on 1989 with total page 15 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Functioning of the International Monetary System written by Mr.Jacob A. Frenkel and published by International Monetary Fund. This book was released on 1996-04-24 with total page 508 pages. Available in PDF, EPUB and Kindle. Book excerpt: The fiftieth anniversary of the Bretton Woods Conference served as an opportunity to reappraise the desirability of strengthening the IMF's oversight of the functioning of the international monetary system. Whatever the design of an exchange rate system and the arrangements for the provision of international liquidity, it is widely accepted that to be effective such oversight must rest on a strong analytic foundation. These two volumes, edited by Jacob A. Frenkel and Morris Goldstein, present 30 analytic papers on the system as it functioned during 1987-91 and aim at conveying the flavor of those issues that commanded close attention in the Fund's research program.
Download or read book Open Issues in European Central Banking written by L. Smaghi and published by Springer. This book was released on 2000-01-04 with total page 218 pages. Available in PDF, EPUB and Kindle. Book excerpt: With the start of EMU, the Eurosystem has taken over monetary policy for the 11 countries of the Euro-area. But the division of powers within the Eurosystem, between the European Central Bank and the constituent National Central Banks, is not satisfactory. This volume provides an analysis of the strengths and weaknesses of the Eurosystem and offers concrete proposals concerning the decision-making organs, balance sheets and the distribution of seigniorage.
Download or read book European Monetary Integration written by Paul J.J. Welfens and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 269 pages. Available in PDF, EPUB and Kindle. Book excerpt: Monetary integration in the EC will continue with the desired hardening of the European Monetary System that is expected to lead to an EC central bank in the 1990s. Why has the European Monetary System been so successful and what role has the Deutsche Bundesbank played in monetary policy and the EMS in Europe? This book gives an assessment of the EMS developments and its stability record, analyzes the impact of German monetary unification and shows how financial market liberalization as well as the EC 1992 project affect the process of Economic and Monetary Union. The progress in the EMS is occuring in a period of both thorough changes in the U.K. and in European East-West relations and global economic changes. The problems of EC monetary union and EC central banking are discussed and questions of the transition phase of monetary policy are raised. The further progress of EMU - including the creation of an EC central bank - is analyzed both theoretically and from a political-economy perspective. Creating a common central bank and an EC currency raises new issues for the consistency of monetary and fiscal policy in Europe, where U.S. experiences provide valuable insights.
Download or read book Financial Markets and European Monetary Cooperation written by Willem H. Buiter and published by Cambridge University Press. This book was released on 2001-04-23 with total page 242 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides a comprehensive assessment of the causes and implications of the 1992-3 crisis of the exchange rate mechanism.
Download or read book The Political Economy of Public Finance written by Marc Buggeln and published by Cambridge University Press. This book was released on 2017-02-23 with total page 337 pages. Available in PDF, EPUB and Kindle. Book excerpt: A study of major trends in public finance and fiscal justice in developed capitalist countries since the 1970s.
Download or read book The Community Budget for an Economic and Monetary Union written by P. Spahn and published by Springer. This book was released on 1993-06-07 with total page 219 pages. Available in PDF, EPUB and Kindle. Book excerpt: Maastricht will induce changes to the EC budget the various dimensions of which are explored in this volume. Based on the theory of fiscal federalism the author discusses important aspects of multilayer government finance for existing federations - Australia, Germany, Switzerland and the USA. He sketches the effects of an Economic and Monetary Union (EMU) onto the Community budget, and concludes with a systematic treatment of revenue instruments for its future financing
Download or read book Economic Integration and Financial Liberalization written by Heather D. Gibson and published by Springer. This book was released on 2016-07-27 with total page 223 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book looks at the implications of financial liberalization for three southern European countries - Greece, Portugal and Spain. These countries have been carrying out their own financial liberalization and have also to respond to pressures for financial liberalization emanating from EC-wide measures. This book examines the relationship between domestic and international financial liberalization. In particular, it considers the implications for the real economy, for the stability and structure of the financial system and for macroeconomic policy in these countries.
Download or read book One Market One Money written by Michael Emerson and published by . This book was released on 1992 with total page 356 pages. Available in PDF, EPUB and Kindle. Book excerpt: The European Community is negotiating a new treaty to establish the constitutional foundations of an economic and monetary union in the course of the 1990s. This study provides the only comprehensive guide to the economic implications of economic and monetary union. The work of an economist inside the Commission of the European Community, it reflects the considerations influencing the design of the union. The study creates a unique bridge between the insights of modern economic analysis and the work of the policy makers preparing for economic and monetary union.
Download or read book The European Central Bank written by Hanspeter K. Scheller and published by . This book was released on 2006 with total page 229 pages. Available in PDF, EPUB and Kindle. Book excerpt: Comprehensive 200-page overview of the ECB from its inception in June 1998 until the present day.
Download or read book European Macroeconomics written by Robert J. Barro and published by Bloomsbury Publishing. This book was released on 2007-10-01 with total page 483 pages. Available in PDF, EPUB and Kindle. Book excerpt: This major macroeconomics text by Robert Barro and Vittorio Grilli is written from a European perspective. It adopts an open-economy approach and incorporates full treatment of European labour and financial institutions and markets, and covers the main macroeconomic theories and policy in relation to the components of the macroeconomic environment.
Download or read book European Financial Integration written by Alberto Giovannini and published by Cambridge University Press. This book was released on 1991 with total page 380 pages. Available in PDF, EPUB and Kindle. Book excerpt: Leading international experts examine the implications of integration for the monetary structure of the European community.
Download or read book Economic and Monetary Union in Europe and Constraintson National Budgetary Policies written by International Monetary Fund and published by International Monetary Fund. This book was released on 1990-07-01 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper reviews the pros and cons of institutionalized constraints limiting the freedom of national budgetary policies within an Economic and Monetary Union (EMU) in Europe. The issue is approached from three angles: the influence of EMU on (i) budget discipline; (ii) intergenerational equity and intertemporal efficiency; and (iii) macroeconomic stabilization. The desirability of constraints on budgetary policy is related to the arrangements for EMU-wide monetary policy, the credibility of a no-bailout clause among member states, and progress in the area of supply-side policies.
Download or read book Improving Economic and Social Cohesion in the European Community written by Jorgen Mortensen and published by Springer. This book was released on 1994-09-12 with total page 250 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book gives a clear insight into the EC's efforts to reduce regional inequalities in Europe, assessing the effectiveness of key EC policies such as the structural funds. It also analyses regional income disparities within the EC, the effects of economic integration on Europe's poorer areas and the strategic options of the less-developed regions and countries in Europe. The effects of the Single Market, the Common Agricultural Policy and Economic and Monetary Union (EMU) on poorer EC areas are also evaluated.
Download or read book The European Monetary System in the 1990s written by Paul de Grauwe and published by Longman Publishing Group. This book was released on 1990 with total page 372 pages. Available in PDF, EPUB and Kindle. Book excerpt: A compilation of papers given at a conference in Greece in 1989 which discussed the problems on the road towards European monetary unification. Topics covered include managing exchange markets in the EMS with free capital, and the institutional developments of the EMS.
Download or read book International Economic Integration Monetary fiscal and factor mobility issues written by Miroslav Jovanovic and published by Taylor & Francis. This book was released on 1998 with total page 834 pages. Available in PDF, EPUB and Kindle. Book excerpt:
