Monetary Policy At The European Periphery

Author : Iannis A. Mourmouras,Michael G. Arghyrou
Publisher : Springer
Page : 218 pages
File Size : 40,8 Mb
Release : 2013-10-03
Category : Business & Economics
ISBN : 3642631185

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Monetary Policy at the European Periphery by Iannis A. Mourmouras,Michael G. Arghyrou Pdf

At long last, monetary union has dawned in Europe. Eleven member states now share the common currency, forming a larger EMU than many observers, who thought that monetary union would initially be restricted to the core countries of the European Union, expected. The next item on the EMU agenda now is the question how to bring the remaining members of the European Union into the monetary union. I.A. Mourmouras and M. G. Arghyrou address this question from the perspective of Greece, and, with it, future European Union members such as Hungary and Poland. Their book presents a careful and interesting study of the Greek monetary policy experiences over the past 25 years. It demonstrates how Greece moved from an inflation ridden economy characterized by rigid controls of the financial sector to an economy for which an independent central bank and inflation targeting are credible options. The study is not only interesting in itself but also in that it bears important lessons for the development of monetary policy and institutions in the candidate countries of the European Union.

Author : Iannis A. Mourmouras,Michael G. Arghyrou,Centre for Economic Reform and Transformation
Publisher : Unknown
Page : 16 pages
File Size : 49,6 Mb
Release : 1999
Category : Free enterprise
ISBN : OCLC:181726052

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Monetary Policy at the European Periphery by Iannis A. Mourmouras,Michael G. Arghyrou,Centre for Economic Reform and Transformation Pdf

Author : Zdravko Petak,Kristijan Kotarski
Publisher : Springer
Page : 342 pages
File Size : 47,9 Mb
Release : 2018-05-30
Category : Political Science
ISBN : 9783319735825

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Policy-Making at the European Periphery by Zdravko Petak,Kristijan Kotarski Pdf

This book examines Croatia's economic and political transformation over the last 30 years. It brings together the best political scientists, macroeconomists and public finance experts from Croatia to provide an in-depth analysis of the Croatian policy-making context and the impact of Europeanization upon its domestic institutional framework. The second part of the book scrutinizes the political economy context and Croatia's long-term macroeconomic under-performance, especially in comparison to other transition economies. The final part explores sectoral public policies, including cohesion policy, education, health, pensions, and local government. The book offers a unique blend of Croatia's political economy framework and public policy analysis.

Author : Giuseppe Celi,Andrea Ginzburg,Dario Guarascio,Annamaria Simonazzi
Publisher : Routledge
Page : 334 pages
File Size : 52,6 Mb
Release : 2017-12-22
Category : Business & Economics
ISBN : 9781134867608

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Crisis in the European Monetary Union by Giuseppe Celi,Andrea Ginzburg,Dario Guarascio,Annamaria Simonazzi Pdf

After decades of economic integration and EU enlargement, the economic geography of Europe has shifted, with new peripheries emerging and the core showing signs of fragmentation. This book examines the paths of the core and peripheral countries, with a focus on their diverse productive capabilities and their interdependence. Crisis in the European Monetary Union: A Core-Periphery Perspective provides a new framework for analysing the economic crisis that has shaken the Eurozone countries. Its analysis goes beyond the short-term, to study the medium and long-term relations between ‘core’ countries (particularly Germany) and Southern European ‘peripheral’ countries. The authors argue that long-term sustainability means assigning the state a key role in guiding investment, which in turn implies industrial policies geared towards diversifying, innovating and strengthening the economic structures of peripheral countries to help them thrive. Offering a fresh angle on the European crisis, this volume will appeal to students, academics and policymakers interested in the past, present and future construction of Europe.

Author : Philippe De Lombaerde
Publisher : Routledge
Page : 389 pages
File Size : 54,7 Mb
Release : 2017-11-30
Category : Business & Economics
ISBN : 9781351145879

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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 : Aurora A. C. Teixeira,Ester Silva,Ricardo Mamede
Publisher : Routledge
Page : 370 pages
File Size : 40,6 Mb
Release : 2014-06-20
Category : Business & Economics
ISBN : 9781134683505

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Structural Change, Competitiveness and Industrial Policy by Aurora A. C. Teixeira,Ester Silva,Ricardo Mamede Pdf

The onset of the global crisis has emphasised the persistence of substantial differences in development and social progress within the euro area. The specific case of countries located in the southern periphery region has come to the centre stage, due to the harsh economic conditions that all these countries have experienced in the recent past. In the aftermath of the American subprime credit bubble, these countries’ high indebtedness raised doubts as to their ability to sustain public finances, with the financial crisis developing and gaining momentum due to the fragilities presented in the economy. To varying degrees of severity, all of these economies have since been forced to introduce strong fiscal tightening programmes in order to achieve fiscal consolidation, which have translated into recession and rising unemployment. This book undertakes a comprehensive analysis of the causes of the crisis in southern European countries, showing that the ‘Achilles heel’ of these economies is rooted in the dismal evolution of productivity and in a specialisation pattern excessively based on the so-called ‘traditional’, low, and low-medium tech industries, which yield low margins, declining export shares and, ultimately, withering international competitiveness. Such evidence suggests that the southern European periphery industrial growth model has reached its limits, demanding a multidimensional policy approach capable of overcoming the magnitude and complexity of the present crisis. Without denying the need to adjust public and private balance sheets, it is argued that finding a sustainable path out of the present problems requires addressing the challenges of productivity growth and competitiveness in the long term.

Author : Owen Parker,Dimitris Tsarouhas
Publisher : Springer
Page : 219 pages
File Size : 44,8 Mb
Release : 2018-02-19
Category : Political Science
ISBN : 9783319697215

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Crisis in the Eurozone Periphery by Owen Parker,Dimitris Tsarouhas Pdf

This book investigates the causes and consequences of crisis in four countries of the Eurozone periphery – Greece, Spain, Portugal and Ireland. The contributions to this volume are provided from country-specific experts, and are organised into two themed subsections: the first analyses the economic dynamics at play in relation to each state, whilst the second considers their respective political situations. The work debates what made these states particularly susceptible to crisis, the response to the crisis and its resultant effects, as well as the manifestation of resistance to austerity. In doing so, Parker and Tsarouhas consider the implications of continued fragilities in the Eurozone both for these countries and for European integration more generally.

Author : Iannis A. Mourmouras,Michael G. Arghyrou
Publisher : Springer Science & Business Media
Page : 298 pages
File Size : 52,8 Mb
Release : 2012-12-06
Category : Business & Economics
ISBN : 9783642570322

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Monetary Policy at the European Periphery by Iannis A. Mourmouras,Michael G. Arghyrou Pdf

At long last, monetary union has dawned in Europe. Eleven member states now share the common currency, forming a larger EMU than many observers, who thought that monetary union would initially be restricted to the core countries of the European Union, expected. The next item on the EMU agenda now is the question how to bring the remaining members of the European Union into the monetary union. I.A. Mourmouras and M. G. Arghyrou address this question from the perspective of Greece, and, with it, future European Union members such as Hungary and Poland. Their book presents a careful and interesting study of the Greek monetary policy experiences over the past 25 years. It demonstrates how Greece moved from an inflation ridden economy characterized by rigid controls of the financial sector to an economy for which an independent central bank and inflation targeting are credible options. The study is not only interesting in itself but also in that it bears important lessons for the development of monetary policy and institutions in the candidate countries of the European Union.

Author : Tony Phillips
Publisher : Zed Books Ltd.
Page : 189 pages
File Size : 51,6 Mb
Release : 2014-07-10
Category : Business & Economics
ISBN : 9781783602162

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Europe on the Brink by Tony Phillips Pdf

Europe is suffering from a bipolar economic disorder. Financial journalists divide the continent into two groups of nations - centre and periphery - not by geography but by credit rating. Europe on the Brink is a critical investigation of the root causes of this sovereign debt crisis, and the often misguided policy choices made to resolve it. Nobel Laureate Joseph Stiglitz, together with two other finance experts, compares debt contagion in Europe with regional financial crises elsewhere, while Roberto Lavagna, former economics minister in Argentina, provides a poignant comparative analysis with his own country’s experience. Crucially and uniquely, Portuguese, Greek and Irish economists provide hard-hitting case studies from the perspective of the periphery. This much-needed book offers a heterodox economic perspective on the causes, symptoms and solutions of the biggest economic issue currently facing Europe.

Author : Ana Cordeiro Dos Santos,Nuno Teles
Publisher : Routledge
Page : 282 pages
File Size : 51,5 Mb
Release : 2022-04
Category : Finance
ISBN : 0367540002

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Financialisation in the European Periphery by Ana Cordeiro Dos Santos,Nuno Teles Pdf

This book examines the case of Portugal throughout the process of financialisation, in particular the impact on its economy, work and social reproduction. This text is essential reading for students and scholars with an interest in examining the uneven mechanisms and impacts of global finance.

Author : Ana Cordeiro Santos,Nuno Teles
Publisher : Taylor & Francis
Page : 299 pages
File Size : 45,7 Mb
Release : 2020-09-03
Category : Business & Economics
ISBN : 9780429801426

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Financialisation in the European Periphery by Ana Cordeiro Santos,Nuno Teles Pdf

In many European countries, the process of financialisation has been exacerbated by the project of closer EU integration and accelerated as a result of austerity policies introduced after the Euro crisis of 2010–2012. However, the impact has been felt differently in core and peripheral countries. This book examines the case of Portugal, and in particular the impact on its economy, work and social reproduction. The book examines the recent evolution of the Portuguese economy, of particular sectors and systems of social provision (including finance, housing and water), labour relations and income distribution. In doing so, it offers a comprehensive critical analysis of varied aspects of capital accumulation and social reproduction in the country, which are crucial to understand the effects of the official ‘bail-out’ of 2011 and associated austerity adjustment program. The book shows how these have increasingly relied on deteriorating pay and working conditions and households’ direct and indirect engagement with the global financial system in new domains of social reproduction. Through its exploration of the Portuguese case, the book presents a general theoretical and methodological framework for the analysis of financialisation processes in peripheral countries. This text is essential reading for students and scholars of political economy, development, geography, international relations and sociology with an interest in examining the uneven mechanisms and impacts of global finance.

Author : Neil Dooley
Publisher : Routledge
Page : 154 pages
File Size : 51,9 Mb
Release : 2020-06-30
Category : European Union countries
ISBN : 0367583550

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The European Periphery and the Eurozone Crisis by Neil Dooley Pdf

This book investigates the origins of the eurozone crisis across three of the most severe cases - Greece, Portugal and Ireland.

Author : Ansgar Belke,Barbara von Schnurbein
Publisher : Unknown
Page : 42 pages
File Size : 44,5 Mb
Release : 2010
Category : Electronic
ISBN : OCLC:659504754

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European Monetary Policy and the ECB Rotation Model by Ansgar Belke,Barbara von Schnurbein Pdf

Author : Wim Meeusen
Publisher : Edward Elgar Publishing
Page : 280 pages
File Size : 51,6 Mb
Release : 1999-01-01
Category : Political Science
ISBN : 1782542337

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Economic Policy in the European Union by Wim Meeusen Pdf

'This book is a very good consideration of the uncertainties and difficulties involved in the intervention of EU institutions in Europe.' - Dominique Redor, ECSA Review Economic Policy in the European Union analyses the key issues confronting Europe as we enter the 21st century. It focuses mainly on the transition problems linked with the creation of European Monetary Union as well as more specific issues such as social, labour, environmental and science and technology policy.

Author : Anders Ögren,Lars Fredrik Øksendal
Publisher : Springer
Page : 267 pages
File Size : 42,8 Mb
Release : 2011-12-16
Category : Business & Economics
ISBN : 9780230362314

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The Gold Standard Peripheries by Anders Ögren,Lars Fredrik Øksendal Pdf

The remarkably successful gold standard before 1914 was the first international monetary regime. This book addresses the experience of the gold standard peripheries; i.e. regime takers with limited influence on the regime. How did small countries adjust to an international monetary regime with seemingly little room for policy autonomy?