The Euro As A Stabilizer In The International Economic System

Author : Robert A. Mundell,Armand Clesse
Publisher : Springer Science & Business Media
Page : 460 pages
File Size : 55,7 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 : George W. McKenzie
Publisher : Unknown
Page : 152 pages
File Size : 51,5 Mb
Release : 1976
Category : Euro-bond market
ISBN : UOM:39015001694887

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The Economics of the Euro-currency System by George W. McKenzie Pdf

Good,No Highlights,No Markup,all pages are intact, Slight Shelfwear,may have the corners slightly dented, may have slight color changes/slightly damaged spine.

Author : International Center For Monetary And Banking Studies. Genève. Conference. 1è. 1972. Genève..,International Center for Monetary and Banking Studies
Publisher : Unknown
Page : 172 pages
File Size : 42,7 Mb
Release : 1973
Category : Monetary policy
ISBN : OCLC:462938618

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Europe and the Evolution of the International Monetary System by International Center For Monetary And Banking Studies. Genève. Conference. 1è. 1972. Genève..,International Center for Monetary and Banking Studies Pdf

Author : Peterson Institute for International Economics
Publisher : Peterson Institute
Page : 260 pages
File Size : 52,7 Mb
Release : 2007
Category : Business & Economics
ISBN : 0881324043

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Working Papers Volume II by Peterson Institute for International Economics Pdf

Perhaps the most popular of all Institute products, selected Working Papers are now available in a print format. These papers contain the preliminary results of ongoing Institute research. The book covers a wide range of topics including offshoring, central banks, Eurasian growth, Europe, and international reserves. Included in the book are papers by Edwin M. Truman, Adam Posen, J. Bradford Jensen, Anders slund, C. Randall Henning, and Jacob Kirkegaard. Volume II contains papers from 2006. Future volumes will be published on a semi-regular schedule as material is available.

Author : Benjamin J. Cohen
Publisher : Routledge
Page : 210 pages
File Size : 47,5 Mb
Release : 2012-11-12
Category : Political Science
ISBN : 9781136845888

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The Future of Global Currency by Benjamin J. Cohen Pdf

Can the euro challenge the supremacy of the U.S. dollar as a global currency? From the time Europe’s joint money was born, many have predicted that it would soon achieve parity with the dollar or possibly even surpass it. In reality, however, the euro has remained firmly planted in the dollar’s shadow. The essays collected in this volume explain why. Because of America’s external deficits and looming foreign debt, the dollar can never be as dominant as it once was. But Europe’s money is unable to mount an effective challenge. The euro suffers from a number of critical structural deficiencies, including an anti-growth bias that is built into the institutions of the monetary union and an ambiguous governance structure that sows doubts among prospective users. As recent events have demonstrated, members of the euro zone remain vulnerable to financial crisis. Moreover, lacking a single voice, the bloc continues to punch below its weight in monetary diplomacy. The world seems headed toward a leaderless monetary order, with several currencies in contention but none clearly dominant. This collection distils the views of one of the world’s leading scholars in global currency, and will be of considerable interest to students and scholars of international finance and international political economy.

Author : J. Marangos
Publisher : Springer
Page : 281 pages
File Size : 54,5 Mb
Release : 2013-05-08
Category : Political Science
ISBN : 9781137080875

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Consistency and Viability of Capitalist Economic Systems by J. Marangos Pdf

Consistency and Viability of Capitalist Economic Systems develops an original analytical framework to understand the relationship between the economic, political, and ideological structures, the external environment, and the process of reform that give rise to certain economic systems by establishing consistency.

Author : Miguel Otero-Iglesias
Publisher : Routledge
Page : 327 pages
File Size : 46,8 Mb
Release : 2014-09-19
Category : Political Science
ISBN : 9781317636755

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The Euro, The Dollar and the Global Financial Crisis by Miguel Otero-Iglesias Pdf

This book analyses how financial elites in key dollar-holding emerging markets perceive the contest between the euro and the dollar for global currency status. It also assesses how far the Eurozone has gone in challenging US hegemony in monetary affairs through the prism of these elites. Drawing on Chartalist and Constructivist theories of money, the author provides a systematic approach to studying global currency dynamics and presents extensive original empirical data on financial elites in China, Saudi Arabia, the UAE and Brazil. The author demonstrates, amongst other things, how the gradual ascendance of a structurally flawed currency like the euro has highlighted the weaknesses of the dollar ad how the euro has demonstrated that sovereignty sharing in monetary affairs is possible and that the international monetary system can be a multicurrency and multilateral system. In this highly innovative and important book, Otero-Iglesias shows the importance of studying financial elites in Brazil, China and the GCC countries in order to understand the full impact, material and ideational, of the euro in the transformation of the IMS. It will be vital reading for students and scholars of International Political Economy, International Economics, International Finance, Economic History, Economic Sociology, International Relations, Comparative Political Economy and Comparative Politics.

Author : Lisheng Dong,Günter Heiduk
Publisher : Peter Lang
Page : 362 pages
File Size : 45,9 Mb
Release : 2007
Category : Business & Economics
ISBN : 3039114298

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The EU's Experience in Integration by Lisheng Dong,Günter Heiduk Pdf

The thirteen ASEAN+3 countries are inching forward toward closer economic cooperation. Can the European Union serve as a model for this Asian interregional integration process? Although there are common cultural threads running through all ASEAN+3 countries, these countries have not so far envisaged themselves forming a political and supra-national legal community similar to the EU. Nevertheless, the EU as innovator and forerunner offers Asia an unparalleled road map to further regional integration. Where are the boundaries of the European Model? What form will Asian economic cooperation take? Asian and European scholars discussed these and other pressing questions on the invitation of the EU-China European Studies Centres Programme (ESCP) at a conference entitled «The EU's Experience in Integration - A Model for ASEAN+3?» held in Shanghai in January 2006. Their findings are presented in this collection of fifteen papers on politics, economics and history of the two regions.

Author : Xiao Li
Publisher : World Scientific
Page : 803 pages
File Size : 53,7 Mb
Release : 2021-07-02
Category : Political Science
ISBN : 9789811218880

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Reform Of The International Monetary System: Chinese Perspectives And Strategies by Xiao Li Pdf

This book proposes that the short-term goal of the current reform of the international monetary system should be a combination of controlling 'imbalances' and 'the risk of the dollar', namely using the balance of payments coordination mechanism to suppress risks by exchange rate cooperation. The reforms of international reserve currencies, international financial institutions, and international financial regulation provide a good external environment for the stable development of the world economy. The book discusses the mechanisms that will continue to support the hegemony of the US dollar and the US dollar system in the future, including the commodity dollar return mechanism, the international debt repayment mechanism, the petroleum dollar pricing mechanism and the dollar rescue mechanism in financial crisis. The book predicts that the current international currency system dominated by the US dollar will remain sustainable for a long time. Finally, the book proposes four strategies for China's participation in the reform of the international monetary system.

Author : Maria Lorca-Susino
Publisher : Routledge
Page : 261 pages
File Size : 48,5 Mb
Release : 2016-02-17
Category : Business & Economics
ISBN : 9781317033332

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The Euro in the 21st Century by Maria Lorca-Susino Pdf

The Euro in the 21st Century clarifies the perception of the euro and empirically demonstrates that the euro has become a true common currency and the Eurozone a true optimal currency area, presenting, in turn, a model to imitate. In order to demonstrate this, this study analyzes the economic and monetary requirements and policies required to introduce a common currency as well as the theoretical underpinnings of both the European integration process and the historical economic, monetary, political, and social circumstances that favoured the creation of the economic and monetary union. Furthermore, this book sheds light on how the current economic and monetary circumstances are affecting the euro project through and analysis of three intertwined issues. It studies how the economic chaos and financial uproar, which has plagued the Eurozone and world economy since 2008, has affected the single-currency regime as well as the current image of the euro worldwide. Moreover it summarizes the lesson to be learnt from what can be considered 'the first euro crisis'. Finally, it thoroughly analyzes the behaviour of the US Federal Reserve, the European Central Bank, and the International Monetary Fund during this crisis. This book draws on and contributes to several bodies of literature within Political Economy, Economics, and International Relations and is particularly relevant at this time given that the current unfolding economic imbalances are causing some Eurozone Member States to rethink their economic and political views concerning the euro.

Author : Robert A. Mundell,Paul J. Zak,Derek M. Schaeffer
Publisher : Edward Elgar Publishing
Page : 184 pages
File Size : 55,7 Mb
Release : 2005-01-01
Category : Business & Economics
ISBN : 1845425669

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International Monetary Policy After the Euro by Robert A. Mundell,Paul J. Zak,Derek M. Schaeffer Pdf

This fascinating book, a dialogue by leading economists, offers an extensive review of the impact of the introduction of the euro on the international monetary system. The authors dissect the impact of the euro on living standards in developed and developing countries, the growth of the euro zone, the role of the International Monetary Fund, and the function of gold in the international monetary system. Also discussed is the design of a new international financial architecture and its impact on the wealth of nations. The critique is frank, entertaining, and sometimes conflicting, empowering the reader to draw his or her own conclusions. Offering a comprehensive review, this book will have great appeal for economists, especially those working on international monetary policy and theory. Students will also find this book of value.

Author : Leila Simona Talani
Publisher : Springer
Page : 278 pages
File Size : 52,5 Mb
Release : 2017-07-03
Category : Political Science
ISBN : 9781137577559

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The Political Economy of Italy in the Euro by Leila Simona Talani Pdf

This book proposes an alternative political economy framework in which to analyse the question of the credibility of international economic agreements, in general, and monetary arrangements in particular. The focus is on European monetary arrangements, from the establishment of the European Monetary System to the crisis of the Euro-zone. The analysis is predicated around the political economy of Italy’s access and permanence in the Economic and Monetary Union (EMU). The author argues that the case of Italy, which made a concerted effort to join the EMU in the first wave, is particularly striking. Support for the single currency was widespread when it was introduced, yet something went wrong. Nowadays, its participation to the European monetary integration process cannot be easily taken for granted, especially after the vicissitudes of the Euro-zone crisis.

Author : Wim Stokhof,Paul van der Velde,Yeo Lay Hwee
Publisher : Institute of Southeast Asian Studies
Page : 216 pages
File Size : 51,5 Mb
Release : 2004
Category : Asia
ISBN : 9789812302632

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The Eurasian Space by Wim Stokhof,Paul van der Velde,Yeo Lay Hwee Pdf

The Asia-Europe Meeting (ASEM), officially established in 1996, is an inter-regional forum consisting of the 15 member states of the European Union and the European Commission, 7 member of the 10 states of ASEAN and China, Japan and South Korea. In this important volume academics from Asia and Europe examine the level of engagement between both continents and highlight how the ASEM process has been conducive in enhancing the political, economic and cultural ties between the various Asian and ...

Author : Giovanni Battista Pittaluga,Elena Seghezza
Publisher : Springer Nature
Page : 274 pages
File Size : 49,6 Mb
Release : 2021-07-15
Category : Business & Economics
ISBN : 9783030784911

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Building Trust in the International Monetary System by Giovanni Battista Pittaluga,Elena Seghezza Pdf

This book presents the evolution of the international monetary system from the gold standard to the monetary system in force today. It adopts a political economy approach, emphasizing the economic and political conditions under which an international monetary system can come into existence and be maintained over time. This approach highlights how the gradual transition in the international context from commodity money to fiat money has been led by the need for greater elasticity of money supply and smooth adjustments. This transition, however, raises the issue of how to guarantee, over time, the value of a money devoid of intrinsic value. By presenting a historical evolution, the book explains how the existence of an international monetary system based on money without intrinsic value can only occur when a particular balance of power exists at the international level that allows for the production of trust in a fiat money. The book is a must-read for scholars, researchers, and students in the fields of economic history and international monetary economics, interested in better understanding the evolution of the international monetary system.

Author : Kenneth A. Reinert,Ramkishen S. Rajan,Amy Joycelyn Glass,Lewis S. Davis
Publisher : Princeton University Press
Page : 1329 pages
File Size : 48,5 Mb
Release : 2010-08-02
Category : Political Science
ISBN : 9781400830404

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The Princeton Encyclopedia of the World Economy. (Two volume set) by Kenneth A. Reinert,Ramkishen S. Rajan,Amy Joycelyn Glass,Lewis S. Davis Pdf

An essential reference to all facets of the world economy Increasing economic globalization has made understanding the world economy more important than ever. From trade agreements to offshore outsourcing to foreign aid, this two-volume encyclopedia explains the key elements of the world economy and provides a first step to further research for students and scholars in public policy, international studies, business, and the broader social sciences, as well as for economic policy professionals. Written by an international team of contributors, this comprehensive reference includes more than 300 up-to-date entries covering a wide range of topics in international trade, finance, production, and economic development. These topics include concepts and principles, models and theory, institutions and agreements, policies and instruments, analysis and tools, and sectors and special issues. Each entry includes cross-references and a list of sources for further reading and research. Complete with an index and a table of contents that groups entries by topic, The Princeton Encyclopedia of the World Economy is an essential resource for anyone who needs to better understand the global economy. More than 300 alphabetically arranged articles on topics in international trade, finance, production, and economic development International team of contributors Annotated list of further reading with each article Topical list of entries Full index and cross-references Entry categories and sample topics: Concepts and principles: globalization, anti-globalization, fair trade, foreign direct investment, international migration, economic development, multinational enterprises Models and theory: Heckscher-Ohlin model, internalization theory, New Trade Theory, North-South trade, Triffin dilemma Institutions and agreements: European Union, International Monetary Fund, World Trade Organization, World Bank, Doha Round, international investment agreements Policies and instruments: dollar standard, international aid, sanctions, tariffs Analysis and tools: exchange rate forecasting, effective protection, monetary policy rules Sectors and special issues: child labor, corporate governance, the digital divide, health and globalization, illegal drugs trade, petroleum, steel