Monetary And Exchange Rate Policies Of The Euro Area

Author : International Monetary Fund
Publisher : International Monetary Fund
Page : 56 pages
File Size : 44,8 Mb
Release : 2000-11-09
Category : Business & Economics
ISBN : 9781451812961

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Euro Area by International Monetary Fund Pdf

For the time being—and possibly for a considerable time to come—developments and prospects for the euro area are quite favorable. This upbeat outlook is underpinned by buoyant activity indicators and a supportive policy mix. High household and business confidence, rising capacity utilization and industrial production, strong job creation, and—so far—employment-friendly wage settlements point to sustained activity in the near term. Moreover, the macroeconomic fundamentals in the euro area appear much sounder than in previous recoveries.

Author : International Monetary Fund
Publisher : INTERNATIONAL MONETARY FUND
Page : 47 pages
File Size : 46,9 Mb
Release : 2000-04-03
Category : Business & Economics
ISBN : 1451812868

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Monetary and Exchange Rate Policies of the Euro Area by International Monetary Fund Pdf

The economic conditions in the euro area have brightened. Executive Directors commended the policy stance of the European Central Bank. They noted that the exchange rate developments of the euro failed to strengthen the euro area economy, and stressed the need for fiscal discipline, structural reforms, and wage moderation at the national level to maintain price stability in the medium term. They emphasized the need for deeper integration of European Union financial markets, development of risk capital, and improvement of the quality and sustainability of public finances.

Author : International Monetary Fund
Publisher : International Monetary Fund
Page : 120 pages
File Size : 41,5 Mb
Release : 2002-10-29
Category : Business & Economics
ISBN : 9781451812985

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Monetary and Exchange Rate Policies of the Euro Area by International Monetary Fund Pdf

This paper examines monetary and exchange rate policies of the euro area. The paper reviews the European Central Bank’s definition of price stability, and examines the factors determining “the optimal rate of inflation” in the euro area. It reviews the benefits of price stability, including the reduction in the distortions of savings and investment behavior that stem from the interaction between nominal tax systems and inflation. It then goes on to evaluate arguments for maintaining a small positive inflation rate in the context of the euro area.

Author : International Monetary Fund
Publisher : International Monetary Fund
Page : 48 pages
File Size : 54,8 Mb
Release : 2002-10-29
Category : Business & Economics
ISBN : 9781451812930

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Staff Report on the Monetary and Exchange Rate Policies of the Euro Area and the Trade Policies of the European Union; Staff Supplement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director on Monetary and Exchange Rate Policies of the Euro Area by International Monetary Fund Pdf

This paper examines the monetary and exchange rate policies of the euro area and the trade policies of the European Union. The paper highlights that the overall economic performance of the euro area has been disappointing: growth has been weaker and inflation higher than generally expected. To a large extent, this is the result of a series of unanticipated shocks—oil prices and animal diseases earlier, and the global slowdown and the associated financial market turmoil more recently. However, the performance also appears to reflect a greater-than-anticipated vulnerability to shocks.

Author : International Monetary Fund
Publisher : Unknown
Page : 32 pages
File Size : 53,8 Mb
Release : 2000-05-11
Category : Fiscal policy
ISBN : 1280894857

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Monetary and Exchange Rate Policies of the Euro Area--The Euro Area Stability Programs by International Monetary Fund Pdf

Author : International Monetary Fund
Publisher : International Monetary Fund
Page : 63 pages
File Size : 45,9 Mb
Release : 2001-11-06
Category : Business & Economics
ISBN : 9781451812978

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Staff Report on the Monetary and Exchange Rate Policies of the Euro Area; Supplement Updating Information on Economic and Financial Developments in the Euro Area; Public Information Notice following Consultation; Statement by the Executive Director on Monetary and Exchange Rate Policies of the Euro Area. by International Monetary Fund Pdf

A series of adverse supply and demand shocks have brought the euro area’s three-year expansion to a virtual standstill. Buoyant labor markets, which have been the hallmark of the recovery since 1997, have succumbed only gradually to the slowing of output growth. The slowdown has been pervasive throughout the area, albeit unevenly and with different cyclical implications. Recent travails notwithstanding, the second half of the 1990s saw a significant improvement in the macroeconomic performance of the euro area.

Author : International Monetary Fund
Publisher : INTERNATIONAL MONETARY FUND
Page : 30 pages
File Size : 44,7 Mb
Release : 2000-05-11
Category : Business & Economics
ISBN : 1451812914

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Monetary and Exchange Rate Policies of the Euro Area by International Monetary Fund Pdf

This report describes the monetary and exchange rate policies of the euro area and the euro area stability programs. The Stability and Growth Pact presents annual stability programs (SPs), which outlines the medium-term fiscal objectives. The paper provides a preliminary review of the SPs, assesses the previous fiscal developments, and analyzes the medium-term prospects implied by the new SPs. The study describes the revised stability program and also the past and prospective fiscal adjustment in the euro area as a whole and at the disaggregated level.

Author : Paul J. J. Welfens
Publisher : Springer Science & Business Media
Page : 184 pages
File Size : 51,8 Mb
Release : 2001
Category : Business & Economics
ISBN : 3540679146

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European Monetary Union and Exchange Rate Dynamics by Paul J. J. Welfens Pdf

The creation of the European Central Bank and the Euro have brought new challenges to EU integration and economic policy. This book looks into issues of monetary and factor market policies. The analysis also presents new theoretical and empirical research on the - transitory - decline of the Euro. Issues of exchange rate policy and international economic relations also are addressed.

Author : Robert A. Mundell,Armand Clesse
Publisher : Springer Science & Business Media
Page : 460 pages
File Size : 53,9 Mb
Release : 2012-12-06
Category : Business & Economics
ISBN : 9781461544579

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The Euro as a Stabilizer in the International Economic System by Robert A. Mundell,Armand Clesse Pdf

The introduction of the euro was an important event for the world economy and the international political system. For the first time in history, a substantial group of European countries-eleven of the fifteen members of the European Union including three members of the G-7-have voluntarily agreed to replace their national currencies with a single currency. The euro area has already become established as the second largest currency area in the world and will therefore become a major player in the international monetary system. The creation of the euro poses a number of interesting questions. Will the euro be a strong or a weak currency? Will the euro challenge the leading position hitherto held by the United States dollar and would sharing of the burdens and advantages of reserve currency status improve or worsen the stability of the international monetary system? How will the euro affect US relations with Europe? Does the formation of the euro intensify European integration in other fields? Is a bi-polar international monetary system viable? These and other issues motivated the Luxembourg Institute for European and International Studies and the Pierre Werner Foundation to organize an international conference in Luxembourg on December 3-4, 1998, on the eve of the birth of the euro. At the outset we were aware that the issue of the euro went far beyond pure economics. Money, after all, is too important a subject to be left to economists.

Author : Otmar Issing
Publisher : Cambridge University Press
Page : 220 pages
File Size : 55,6 Mb
Release : 2001-07-26
Category : Business & Economics
ISBN : 0521788889

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Monetary Policy in the Euro Area by Otmar Issing Pdf

A non-technical analysis of the monetary policy strategy, institutions and operational procedures of the Eurosystem, first published in 2001.

Author : C. Randall Henning,Pier Carlo Padoan
Publisher : Brookings Institution Press
Page : 142 pages
File Size : 41,8 Mb
Release : 2010-12-01
Category : Political Science
ISBN : 0815719949

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Transatlantic Perspectives on the Euro by C. Randall Henning,Pier Carlo Padoan Pdf

The European economic and monetary union has changed the structure of international monetary relations fundamentally. In this book two experts--one European, the other American--offer transatlantic perspectives on the ramifications of the monetary union and the launch of the euro. C. Randall Henning examines selected American views on Europe's monetary union, and looks at the political, economic, and institutional interests of the United States as they are affected by the creation of the euro. He examines the external monetary policymaking machinery of the union and discusses the relationship of the monetary union to international institutions, particularly the meetings of the G-7 finance ministers and central bank governors and the International Monetary Fund. Henning is generally sympathetic to European integration, supportive of the monetary union, and persuaded of the importance of international cooperation. Pier Carlo Padoan presents a European view of the role of the euro in the international system. He looks at the euro as a potential global currency and examines the transition phase between a regional currency and a global currency. Central to this is an analysis of the appropriate exchange rate policy for the euro. He also considers euro-dollar relations and the prospects for transatlantic cooperation. C. Randall Henning is a professor at The American University and a senior fellow at the Institute for International Economics. Pier Carlo Padoan is a professor at the University of Rome and the College of Europe.

Author : Philippe De Lombaerde
Publisher : Routledge
Page : 391 pages
File Size : 49,7 Mb
Release : 2017-11-30
Category : Business & Economics
ISBN : 9781351145862

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The Periphery of the Euro by Philippe De Lombaerde Pdf

This book analyzes the monetary and exchange rate policies in Eastern European countries not covered by the current EU enlargement process. Specifically the book examines the major CIS countries: Belarus, Kazakhstan, Russia and the Ukraine. (The new Eastern European EU members are also frequently referenced for comparison purposes.) Current and prospective monetary policy options are considered and the applicability of the EU monetary integration experience for the CIS countries and the prospects of a monetary re-unification around the Russian Federation are assessed. This is the first book to formally deal with many of these questions.

Author : Fondo Monetario Internacional
Publisher : Unknown
Page : 0 pages
File Size : 49,9 Mb
Release : 2002
Category : Electronic
ISBN : OCLC:906220139

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Staff Report on the Monetary and Exchange Rate Policies of the Euro Area and the Trade Policies of the European Union; Staff Supplement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director on Monetary and Exchange Rate Policies of the Euro Area by Fondo Monetario Internacional Pdf

Author : Marco Annunziata,Alessandro Zanello
Publisher : Unknown
Page : 36 pages
File Size : 40,7 Mb
Release : 2000
Category : Fiscal policy
ISBN : STANFORD:36105110112658

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Monetary and Exchange Rate Policies of the Euro Area by Marco Annunziata,Alessandro Zanello Pdf

Monetary and Exchange Rate Policies of the Euro Area

Author : Pedro Gomis-Porqueras
Publisher : Routledge
Page : 256 pages
File Size : 48,5 Mb
Release : 2016-12-05
Category : Political Science
ISBN : 9781351895330

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The €uro and the Dollar in a Globalized Economy by Pedro Gomis-Porqueras Pdf

The dollar has been the dominant currency of the world economy for almost a century; since 2002, the euro has gained widespread international acceptance resulting in important institutional, economic and financial changes both for the euro zone, the United States and the world economies, affecting foreign exchange and financial markets as well as economic activities around the world. In years to come, the international role of the euro will hinge on the validity of the fundamental idea underlying its creation, namely that important components of sovereignty can be pooled and shared among nations in the pursuit of common economic and political objectives. This key book assesses the international role of the euro, discusses its impact on global financial markets, shifting global exchange rate relationships and their implications. With input from various disciplines (economics, business and political science), it foments discussions intended to facilitate an exchange of ideas among academics, practitioners and the local business community.