The Economics Of Monetary Unions

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The Economics of Monetary Unions

Author : Juan E. Castañeda,Alessandro Roselli,Geoffrey E. Wood
Publisher : Routledge
Page : 271 pages
File Size : 43,6 Mb
Release : 2020-03-16
Category : Business & Economics
ISBN : 9781000036794

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The Economics of Monetary Unions by Juan E. Castañeda,Alessandro Roselli,Geoffrey E. Wood Pdf

In this book, a historical analysis of the precedents of the euro is examined within the context of the current issues affecting the Eurozone and the long-term effects of the institutional changes implemented since 2010. The book begins by placing the Eurozone challenges in the historical context of previous monetary unions, drawing on the experience of the gold standard. It then specifically focuses on the problems arising from the running of permanent trade imbalances within the Eurozone. The authors explore the advantages and disadvantages of being a member of the Eurozone and attempt to measure the optimality of a currency area by the calculation of an index on internal macroeconomic asymmetries. They address the proposals recently made in favour of a fiscal union in the Euro zone; including the economic and political feasibility of fiscal transfers in the Eurozone. The final two papers discuss whether the monetary union is in fact more than just that, and whether it will lead inevitably to some form of political union if it is to survive. With chapters by leading experts from both Europe and the UK, this book will appeal to students in Economics, Finance, Politics, EU integration and European studies; as well as academics and professional economists doing research in EU integration, the Euro zone, monetary history and monetary and banking unions in Europe, the UK and elsewhere.

The Economics of Monetary Integration

Author : Paul de Grauwe
Publisher : Oxford University Press, USA
Page : 252 pages
File Size : 47,9 Mb
Release : 1994
Category : Business & Economics
ISBN : STANFORD:36105017824934

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The Economics of Monetary Integration by Paul de Grauwe Pdf

This Revised Second Edition covers recent events in the EMS, including the collapse of the ERM; includes fully updated empirical evidence; includes discussion of new theoretical developments such as target zone models and credibility testing; and introduces the political issues surrounding the move to monetary union. This popular textbook on monetary integration has now been fully revised and updated with expanded chapters on recent important events in the EMS, new empirical evidence, and coverage of further theoretical developments. This lucid and authoritative view will remain an invaluable undergraduate textbook. Professor De Grauwe focuses on the economic theory of monetary union, presents the costs and benefits of moving to a single currency, and provides a detailed presentation of the monetary system operating in Europe. This second edition introduces the student to the political issues surrounding monetary union, and Professor De Grauwe offers a critical analysis of the possibility of eventual European transition to full monetary union.

Economics of Monetary Union

Author : Paul de Grauwe
Publisher : Oxford University Press, USA
Page : 276 pages
File Size : 44,9 Mb
Release : 2003
Category : Business & Economics
ISBN : STANFORD:36105113643014

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Economics of Monetary Union by Paul de Grauwe Pdf

The market leader and the main specialist book in this area, De Grauwe has built on the success of the previous edition and thoroughly revised and updated this new edition of 'Economics of Monetary Union'. The book covers all the key issues relating to monetary union and will fit with bothundergraduate and postgraduate Economics modules. Clear and concise, it covers the costs and benefits of monetary union in part one and the present workings of the European monetary union in part two. Student friendly and well structured, the book is split into two parts. The first part examines the theory of optimal currency and the costs and benefits of joining a monetary union and the second part looks at the workings of the present monetary union in Europe. De Grauwe applies then appliesthese issues to real life case study examples.NEW IN THIS EDITIONNew, current topics have been added to the book including:- the problems of monetary unification in Latin America and Asia- the transition problems towards EMU for the UK and Central Europe - an analysis of dollarization.- an evaluation of the monetary policies of the European Central BankCase studies analysing the costs and benefits of EMU for the UK and Central Europe.WEB SITEThis book now has a brand new text supporting web site with Power point slides and lecture notes which accompany and enhance the main text.

Monetary Unions

Author : Forrest Capie,Geoffrey Edward Wood
Publisher : Psychology Press
Page : 216 pages
File Size : 44,7 Mb
Release : 2003
Category : Business & Economics
ISBN : 0415300398

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Monetary Unions by Forrest Capie,Geoffrey Edward Wood Pdf

The Economic and Monetary Union (EMU) has prompted much discussion. This book stands back and considers the relevant theory or what lessons might be drawn from other unions that have been formed as well as looking at EMU directly.

EU Law of Economic & Monetary Union

Author : Fabian Amtenbrink,Christoph Herrmann
Publisher : Oxford University Press
Page : 1808 pages
File Size : 49,8 Mb
Release : 2020-05-21
Category : Law
ISBN : 9780192512499

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EU Law of Economic & Monetary Union by Fabian Amtenbrink,Christoph Herrmann Pdf

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.

Accountability in the Economic and Monetary Union

Author : Menelaos Markakis
Publisher : Oxford University Press, USA
Page : 417 pages
File Size : 46,8 Mb
Release : 2020-04-02
Category : Law
ISBN : 9780198845263

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Accountability in the Economic and Monetary Union by Menelaos Markakis Pdf

Following the financial and public debt crisis, the EU's Economic and Monetary Union (EMU) has been under intense political scrutiny. The measures adopted in response to the crisis have granted additional powers to the EU (and national) authorities, the exercise of which can have massive implications for the economies of the Member States, financial institutions and, of course, citizens. The following questions arise: how can we hold accountable those institutions that are exercising power at the national and EU level? What is the appropriate level, type and degree of accountability and transparency that should be involved in the development of the EU's governance structures in the areas of fiscal and economic governance and the Banking Union? What is the role of parliaments and courts in holding those institutions accountable for the exercise of their duties? Is the revised EMU framework democratically legitimate? How can we bridge the gap between the citizens - and the institutions that represent them - and those institutions that are making these important decisions in the field of economic and monetary policy? This book principally examines the mechanisms for political and legal accountability in the EMU and the Banking Union. It examines the implications that the reforms of EU economic governance have had for the locus and strength of executive power in the Union, as well as the role of parliaments (and other political fora) and courts in holding the institutions acting in this area accountable for the exercise of their tasks. It further sets out several proposals regarding transparency, accountability, and legitimacy in the EMU.

Economics of Monetary Union

Author : Paul de Grauwe
Publisher : Oxford University Press, USA
Page : 293 pages
File Size : 48,6 Mb
Release : 2007
Category : Business & Economics
ISBN : 9780199297801

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Economics of Monetary Union by Paul de Grauwe Pdf

The seventh edition of 'Economics of Monetary Union' provides a concise analysis of the theories and policies relating to monetary union. De Grauwe analyses the costs and benefits associated with having one currency as well as the practical workings and current issues involved with the Euro. In the first part of the book the author considers the implications of joining a monetary union through discussion based on an economic cost-benefit analysis. The second part of the book looks at the reality of monetary unions by analysing Europe's experiences, such as how the European Central Bank was designed to conduct a single monetary policy. The seventh edition has been revised to include more discussion of monetary unions outside Europe and, to reflect this fast-moving area, updated coverage of new member states in transition and an updated discussion of the stability pact. Online Resource Centre An online resource centre, featuring supplements for lecturers including PowerPoint slides and an instructor manual, has been updated for this edition.

Making the European Monetary Union

Author : Harold James
Publisher : Harvard University Press
Page : 324 pages
File Size : 53,9 Mb
Release : 2012-11-19
Category : Business & Economics
ISBN : 9780674070943

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Making the European Monetary Union by Harold James Pdf

Europe’s financial crisis cannot be blamed on the Euro, Harold James contends in this probing exploration of the whys, whens, whos, and what-ifs of European monetary union. The current crisis goes deeper, to a series of problems that were debated but not resolved at the time of the Euro’s invention. Since the 1960s, Europeans had been looking for a way to address two conundrums simultaneously: the dollar’s privileged position in the international monetary system, and Germany’s persistent current account surpluses in Europe. The Euro was created under a politically independent central bank to meet the primary goal of price stability. But while the monetary side of union was clearly conceived, other prerequisites of stability were beyond the reach of technocratic central bankers. Issues such as fiscal rules and Europe-wide banking supervision and regulation were thoroughly discussed during planning in the late 1980s and 1990s, but remained in the hands of member states. That omission proved to be a cause of crisis decades later. Here is an account that helps readers understand the European monetary crisis in depth, by tracing behind-the-scenes negotiations using an array of sources unavailable until now, notably from the European Community’s Committee of Central Bank Governors and the Delors Committee of 1988–89, which set out the plan for how Europe could reach its goal of monetary union. As this foundational study makes clear, it was the constant friction between politicians and technocrats that shaped the Euro. And, Euro or no Euro, this clash will continue into the future.

Political Aspects of the Economic Monetary Union

Author : Soren Zibrandt von Dosenrode-Lynge
Publisher : Routledge
Page : 276 pages
File Size : 49,8 Mb
Release : 2018-02-06
Category : Social Science
ISBN : 9781351746328

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Political Aspects of the Economic Monetary Union by Soren Zibrandt von Dosenrode-Lynge Pdf

This title was first published in 2002: Concentrating on the myriad political aspects of European Monetary Union (EMU), this volume places the EMU and the European Union (EU) in a global context. It should be useful for scholars and students of European studies, economics, modern history and international relations. Libraries and embassies should also find it a valuable reference tool.

Crisis in the European Monetary Union

Author : Giuseppe Celi,Andrea Ginzburg,Dario Guarascio,Annamaria Simonazzi
Publisher : Routledge
Page : 334 pages
File Size : 42,8 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.

Economic Policy in a Monetary Union

Author : Michael Carlberg
Publisher : Springer Science & Business Media
Page : 316 pages
File Size : 43,9 Mb
Release : 2000-08-09
Category : Business & Economics
ISBN : 3540675582

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Economic Policy in a Monetary Union by Michael Carlberg Pdf

A lot of diagrams serve to illustrate the subject in hand."--Jacket.

Aspects of European Monetary Integration

Author : A. Watson
Publisher : Springer
Page : 226 pages
File Size : 45,6 Mb
Release : 1997-11-05
Category : Political Science
ISBN : 9780230374317

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Aspects of European Monetary Integration by A. Watson Pdf

This book provides a thorough knowledge of the nature of the convergence criteria which states must meet in order to qualify for accession to the future Economic and Monetary Union of Europe and comprehensive coverage of both the economic and political rationale of the criteria within the framework of an international political economy approach. Thus, throughout the course of the analysis, three questions in particular are addressed: first, what is the relationship between the economics and politics of the convergence criteria; second, how do domestic and international factors impact upon their future realisation; and third what, overall, is the role of the state. This book gives valuable insights into the Economic and Monetary Union debate.

Macroeconomic Analysis of Monetary Unions

Author : Oscar Bajo-Rubio,Carmen Díaz-Roldán
Publisher : Springer Science & Business Media
Page : 50 pages
File Size : 47,5 Mb
Release : 2011-05-06
Category : Business & Economics
ISBN : 9783642194450

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Macroeconomic Analysis of Monetary Unions by Oscar Bajo-Rubio,Carmen Díaz-Roldán Pdf

The book develops a general framework for the macroeconomic modeling of monetary unions. The starting point of the analysis is the standard two-country Mundell-Fleming model with perfect capital mobility, extended to incorporate the supply side in a context of rigid real wages, and modified so that the money market is common for two countries forming a monetary union. The model is presented in two versions: for a small and a large monetary union, respectively. After solving each model, the authors derive multipliers for monetary, expenditure, supply, and external shocks, both in the short and the long run; a graphical analysis is also provided. Special attention is paid to the crucial distinction between symmetric and asymmetric shocks.

Europes Unfinished Currency

Author : Thomas Mayer
Publisher : Anthem Press
Page : 273 pages
File Size : 42,9 Mb
Release : 2012-10-01
Category : Business & Economics
ISBN : 9780857285546

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Europes Unfinished Currency by Thomas Mayer Pdf

The euro was originally seen as another stepping stone to a politically unified Europe. Yet with the fall of the Berlin Wall, the disintegration of the Soviet Union and the unification of Germany, the need for European political union as a means to ensure peace in Europe disappeared. Due to the fading will for full political union, the euro project lost the prospect of a stable platform in the foreseeable future. As a result, the euro crisis forces policymakers to develop a new architecture for EMU. ‘Europe’s Unfinished Currency’ proposes that this can only be done by way of a currency union of sovereign states, which in itself is a unique historical experiment as no such union has ever survived to date. This volume offers ideas of how the EMU could potentially work, and sketches scenarios of how things might evolve in case of failure. Key Insights: *Outlines the origins of the euro within the quest for the unification of Europe. *Explains the historical failures of past monetary unions, including the Latin and Scandinavian currency unions, the US dollar standard and the Austro-Hungarian union. *Posits that the European Central Bank in cooperation with a European Monetary Fund should act as the lender of last resort to all systemically important borrowers, including governments, to safeguard price stability. *Proposes a new EMU architecture, which includes the creation of a European Monetary Fund. *Discusses possible mutations of the EMU in case of failure.

The Politics and Economics of European Monetary Integration

Author : Loukas Tsoukalis
Publisher : Routledge
Page : 188 pages
File Size : 51,6 Mb
Release : 2017-04-21
Category : Business & Economics
ISBN : 9781351743860

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The Politics and Economics of European Monetary Integration by Loukas Tsoukalis Pdf

The object of this work, first published in 1977, is to examine the history of the economic and monetary union (EMU) in the European Community, the policies of the parties involved and the conflicts of interest created in the political and economic environment within which all this has taken place. This title will be of interest to students of monetary economics and finance.