Download or read book Currency Substitution and the Stability of the German Demand for Money Function Before and After the Fall of the Berlin Wall written by Gianna Boero and published by . This book was released on 1996 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Inflation and Wage Behaviour in Europe written by Paul de Grauwe and published by Oxford University Press. This book was released on 1996 with total page 372 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Maastricht Treaty makes the convergence of inflation rates one of the preconditions of European Monetary Union (EMU). The purpose of this study is to shed light on the mechanism underlying the processes that lead to convergence or divergence in national inflation rates. It examinesinflation and wage bahaviour in the European Monetary System (EMS), their determinants, and their implications for the credibility and sustainability of the system's exchange rate mechanism (ERM). Although the focus is on the EMS period, eleven of the twelve studies also review the background of the1970s. The contributors examine issues of monetary control, stability of national and ERM-wide money-demand function, the monetary policy of Germany - the pivotal country in the EMS - and its influence on the stability of the system after the fall of the Berlin Wall. As well as explaining how theEMS worked, the book also offers reasons for its breakdown in 1992-3 under the blow of exogenous shocks and growing policy conflict between member countries.The study identifies several causes of inflation and persistent inflation differentials in the EMS. Among the 'real' causes, particular attention is devoted to sectoral productivity shocks. In some countries, import price shocks, exogenous wage pushes, taxes, and government expenditure are bound tobe important factors. Since theses kinds of shock hit the various economies of the region differently, inflation differntials can persist for several years. The different policies of governments and central banks, and the fact the monetary policies have not always been consistent with the long-runmaintenance of fixed exchange rates, have also played a considerable role in explaining the persistance of inflation differentials.
Download or read book The Macroeconomics of International Currencies written by Paul Mizen and published by Edward Elgar Publishing. This book was released on 1996 with total page 280 pages. Available in PDF, EPUB and Kindle. Book excerpt: A dozen studies examine the theoretical and empirical consequences of currency substitution, a growing phenomenon in world financial markets and an integral part of financial and exchange-rate developments since the collapse of the Bretton Woods agreement. Among the topics are measuring the co- circulation of currencies, seigniorage and the choice of currency, the yield curve and North American monetary policy, European financial markets, the demand for Deutsche marks before and after the fall of the Berlin Wall, and dollarization in transition economies and in Latin America. Annotation copyright by Book News, Inc., Portland, OR
Download or read book The Impact of the Maastricht Fiscal Criteria on Employment in Europe written by Ray Barrell and published by . This book was released on 1996 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book How Can the ECB be Credible written by Lorenzo Bini Smaghi and published by . This book was released on 1996 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt: Recoge: 1. The independence of the ECB -- 2. The external environment -- 3. The operational framework of the ESCB.
Download or read book The New European Agencies written by Alexander Kreher and published by . This book was released on 1996 with total page 148 pages. Available in PDF, EPUB and Kindle. Book excerpt: Recoge: 1. The emergence of EC Agencies and their Functionning -- 2. National experiences-Lessons for the new European Agencies -- 3. Conference Synopsis.
Download or read book Francovich and the Problem of the Disobedient State written by Carol Harlow and published by . This book was released on 1996 with total page 60 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Why Did They Sign written by Jonathan Golub and published by . This book was released on 1996 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Money Demand in Europe written by Christian Müller and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 248 pages. Available in PDF, EPUB and Kindle. Book excerpt: The first of January 1999 marked the beginning of a macroeconomic experi ment without precedent in modern history. For the first time eleven European countries agreed to abolish their local currencies in favour of a single one, the Euro. Not surprisingly, the necessary preparatory process has been accompa nied by an intensive discussion about the best way to manage the new Euro currency properly. To spur on that discourse was the principal motivation for this thesis. The introductory chapter attempts to bridge economic and econometric views on money demand analysis. It should help to motivate estimation proce dures and to standardize interpretation techniques, hopefully initiating further discussion in that direction. It intends to make the following chapters more accessible. In this thesis I approach the general subject in two principle ways. In chapter 3 I consider technical issues dealing with time series with shifts in the mean. Two years ago, Helmut Liitkepohl and Pentti Saikkonen asked me to join in on a related project which became the cornerstone of this chapter. I have very much appreciated the highly instructive collaboration with both these scholars.
Download or read book Pitfalls on the Path to a Single European Currency written by John Arrowsmith and published by . This book was released on 1996 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book A New Social Contract written by Paul Ormerod and published by . This book was released on 1996 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Reconstructing European Space written by Thomas Christiansen and published by . This book was released on 1996 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Index of Economic Articles in Journals and Collective Volumes written by and published by . This book was released on 2003 with total page 1552 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book RSC News written by Robert Schuman Centre and published by . This book was released on 1997 with total page 64 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book A Reconsideration of the Cost of EMU written by Daniel Gros and published by . This book was released on 1996 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt: Tras afirmar que la Union Europea no es un area homogenea, el autor se pregunta si estas diferencias en cuanto a renta y a estructura economica entre las regiones y los paises miembros de la Union hacen que la Union Economica y Monetaria no sea deseable. Para dar respuesta a esta pregunta, se centra en el analisis de dos cuestiones especificas: el impacto de las perturbaciones asimetricas externas sobre el empleo y la importancia de la movilidad laboral. Los resultados alcanzados muestran que las perturbaciones externas apenas tienen influencia sobre el empleo y que la escasa movilidad laboral existente en Europa no supone ningun obstaculo para la Union Economica y Monetaria. Contiene cuadros y referencias bibliograficas. (mac).
Download or read book Benchmarks Or Deutschmarks written by Simon Bagshaw and published by . This book was released on 1997 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Applying the New Political Economy Approach to Agricultural Policy Formation in the European Union written by Susan Senior Nello and published by . This book was released on 1997 with total page 64 pages. Available in PDF, EPUB and Kindle. Book excerpt:
