The Euro: Evolution and ProspectsPhilip Arestis, Andrew Brown, Malcolm C. Sawyer Edward Elgar Publishing, 01.01.2001 - 152 Seiten OCyThe Euro provides a concise, useful overview of the evolution of European economic integration, and the political and economic challenges that it faces. Highly readable, it is appropriate for scholars and students interested in understanding the histor |
Inhalt
Introduction | 1 |
From common market to EMU an historical perspective on European economic and monetary integration | 5 |
The conditions surrounding the launch of the euro | 34 |
Monetary and financial arrangements accompanying the euro | 64 |
Channels of monetary policy and implications for the euro | 82 |
The causes of euro instability | 106 |
135 | |
145 | |
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Häufige Begriffe und Wortgruppen
argue assets Austria Belgium Bretton Woods system budget deficit capital cent of GDP Chapter cointegration Community coordination Corsetti Council of Ministers cyclical debt demand for money divergence dollar dummy economic and monetary economic policy ECSC effects EMU countries equation ESCB euro Europe European Central Bank European Monetary European Union Eurosystem eurozone evidence exchange rate Figure Finland fiscal policy France GDP growth rates Germany Growth Pact impact inflation rate institutional integration interest rate interest rate differential investment Ireland Italy long-run Luxembourg Maastricht Treaty macroeconomic member countries models monetary policy monetary union money demand national central banks national governments Netherlands Norm Chi2 OECD output gap political Portugal price stability Programme ratio regions relative shocks short-run significant single currency single market Spain Stability and Growth stage stock of money structural suggest surplus tests trade Treaty of Rome Variable Coefficient t-value