THE COSTS AND BENEFITS OF EURO-ISATION IN CENTRAL-EASTERN EUROPE BEFORE OR INSTEAD OF EMU MEMBERSHIP

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ISBN 13 :
Total Pages : 43 pages
Book Rating : 4.L/5 ( download)

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Book Synopsis THE COSTS AND BENEFITS OF EURO-ISATION IN CENTRAL-EASTERN EUROPE BEFORE OR INSTEAD OF EMU MEMBERSHIP by : D. MARIO NUTI

Download or read book THE COSTS AND BENEFITS OF EURO-ISATION IN CENTRAL-EASTERN EUROPE BEFORE OR INSTEAD OF EMU MEMBERSHIP written by D. MARIO NUTI and published by . This book was released on 2000 with total page 43 pages. Available in PDF, EPUB and Kindle. Book excerpt:

When should new members from Central and Eastern Europe Join the Euro Area?

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Publisher : GRIN Verlag
ISBN 13 : 3638235181
Total Pages : 82 pages
Book Rating : 4.6/5 (382 download)

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Book Synopsis When should new members from Central and Eastern Europe Join the Euro Area? by : Jozef Vasak

Download or read book When should new members from Central and Eastern Europe Join the Euro Area? written by Jozef Vasak and published by GRIN Verlag. This book was released on 2003-11-24 with total page 82 pages. Available in PDF, EPUB and Kindle. Book excerpt: Thesis (M.A.) from the year 2003 in the subject Politics - Topic: European Union, grade: 2 (B), University of Hamburg (European College, Hamburg), language: English, abstract: After a decade of transition from communist regime with centrally planned economic system to democratic society with market economy and after several years of negotiations on the European Union membership, ten candidate countries from Central and Eastern Europe signed the accession treaties at summit in Athen in April 2003. If they conduct public referenda successfully and the present members states complete the ratification, they will become members states in May 2004. The membership in the European Union implies the prospect of eventual membership in the Economic and Monetary Union. The consequent question is: when exactly should they join? According to the Maastricht Treaty, in order to become members of monetary union, new members have to fulfil the convergence criteria. As academic and policy discussions show, from the perspective of monetary policy and economic reasoning, this question, so far, has no clear answer. Politically, the majority of new members already expressed the intention to fulfil the Maastricht criteria as soon as possible and to join between 2006 and 2008. The officials of the European Union and the European Central Bank prefer a later entry date or tend to be neutral on the issue. Further popular opinion recommends waiting until the euro area consolidates its own monetary policy mechanism. Among economists, the timing of the eastern enlargement of monetary union is a controversial issue as well. Some argue the nominal convergence set by the Maastricht Treaty to be far from sufficient to form a monetary union with less developed economies. As long as the real convergence in terms of prosperity, functioning institutions or reaction of economy to economic shocks, is not achieved, a common monetary policy stays undesirable. Opposition to these arguments points out that the inclusion of peripheral members of the European Union with characteristic similar to new members, so far, had no negative effects for those countries or for the monetary union. Others oppose the eager ambition of an early accession to the euro area, because economies of candidate countries members need a different monetary policy, while catching-up the present members. They stress some of the Maastricht criteria to be contradictory to the catching-up process and advise to accept the higher inflation rates leading to real appreciation of exchange rates. [...]

Unoffical Euroisation as a Push Factor Towards EMU Membership

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Publisher :
ISBN 13 :
Total Pages : 16 pages
Book Rating : 4.:/5 (13 download)

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Book Synopsis Unoffical Euroisation as a Push Factor Towards EMU Membership by : Vladimir Simic

Download or read book Unoffical Euroisation as a Push Factor Towards EMU Membership written by Vladimir Simic and published by . This book was released on 2013 with total page 16 pages. Available in PDF, EPUB and Kindle. Book excerpt: Unofficial euroisation is explored in this paper as a push factor towards EMU membership. The paper investigates the presence of foreign currency alongside the domestic currency in the economy and its consequences regarding the conduct of monetary and exchange rate policy. Investigation of the euroisation phenomenon reveals that the level of euroisation in Croatia is the highest of all transition economies in Central and Eastern Europe. In addition, this study demonstrates a strong presence of sectoral currency mismatches in Croatia and warns about the associated exchange rate risks. In this environment the paper establishes a reduced effectiveness of monetary policy and the dangerous balance sheet effects that may arise from the depreciation of the domestic currency. Given the above conclusions the euro introduction in Croatia may be seen as a desirable option.

The Economic and Business Consequences of the EMU

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Publisher : Springer Science & Business Media
ISBN 13 : 1461513839
Total Pages : 441 pages
Book Rating : 4.4/5 (615 download)

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Book Synopsis The Economic and Business Consequences of the EMU by : Hubert Ooghe

Download or read book The Economic and Business Consequences of the EMU written by Hubert Ooghe and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 441 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Economic and Business Consequences of the EMU A Challenge for Governments, Financial Institutions and Firms Hubert Ooghe Conference Chairman, Vlerick Leuven Gent Management School alld Ghent University EMU finally got under way on 1 st January 1999. Since then 11 European countries share a common currency, the Euro, and pursue a common monetary policy managed by the European Central Bank (ECB). After forty years of economic integration, Euroland has the wherewithal with which to enter the 21 st century. However monetary union has implications for nearly all areas of economic activity and decision-making. Throughout the academic world researchers are fully occupied with the theoretical analysis of the impact of the Euro and the effects of incorporating the new operational framework into their economic models. Businesses and government departments are concerned primarily with the practical implementation of the single currency. For all those who playa part in the economy, it is a question of making the most of the macro and micro economic opportunities offered by the Euro and minimising any threats. On 17th and 18th March 2000, after the EMU and Euro were in operation for one year, an international conference was held in Ghent (Belgium) on the economic consequences of the introduction of the EMU and the Euro for governments, financial institutions and firms.

Measurement of Costs and Benefits of Accession to the European Union for Selected Countries in Central and Eastern Europe

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Publisher :
ISBN 13 :
Total Pages : 144 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis Measurement of Costs and Benefits of Accession to the European Union for Selected Countries in Central and Eastern Europe by : Jørgen Mortensen

Download or read book Measurement of Costs and Benefits of Accession to the European Union for Selected Countries in Central and Eastern Europe written by Jørgen Mortensen and published by . This book was released on 1999 with total page 144 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Real Exchange Rate Appreciation in Central and Eastern European Countries

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Publisher : Fundacion BBVA
ISBN 13 :
Total Pages : 71 pages
Book Rating : 4./5 ( download)

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Book Synopsis Real Exchange Rate Appreciation in Central and Eastern European Countries by : José García Solanes

Download or read book Real Exchange Rate Appreciation in Central and Eastern European Countries written by José García Solanes and published by Fundacion BBVA. This book was released on 2008 with total page 71 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Exchange Rates and Economic Policy in the 20th Century

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Publisher : Routledge
ISBN 13 : 1351937901
Total Pages : 315 pages
Book Rating : 4.3/5 (519 download)

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Book Synopsis Exchange Rates and Economic Policy in the 20th Century by : Derek H. Aldcroft

Download or read book Exchange Rates and Economic Policy in the 20th Century written by Derek H. Aldcroft and published by Routledge. This book was released on 2017-07-05 with total page 315 pages. Available in PDF, EPUB and Kindle. Book excerpt: The themes of this study are the exchange rate regimes chosen by policy makers in the twentieth century, the means used to maintain these regimes, and the impact of these decisions on individual national economies and the world economy in general. The book draws heavily on new research showing the lessons and the legacy left for policy makers by the gold standard and the attempt at its resurrection in the 1920s. In examining issues such as the gold exchange standard, the gold bullion standard, the experience of floating exchange rates, the Bretton Woods arrangements, the EMS and the ERM, and the Currency Board approach, there is a conscious attempt to draw out the relevance of history for policy makers now.

One Market, One Money

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Publisher :
ISBN 13 : 9780198773245
Total Pages : 356 pages
Book Rating : 4.7/5 (732 download)

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Book Synopsis One Market, One Money by : Michael Emerson

Download or read book One Market, One Money written by Michael Emerson and published by . This book was released on 1992 with total page 356 pages. Available in PDF, EPUB and Kindle. Book excerpt: The European Community is negotiating a new treaty to establish the constitutional foundations of an economic and monetary union in the course of the 1990s. This study provides the only comprehensive guide to the economic implications of economic and monetary union. The work of an economist inside the Commission of the European Community, it reflects the considerations influencing the design of the union. The study creates a unique bridge between the insights of modern economic analysis and the work of the policy makers preparing for economic and monetary union.

Collected Works of Domenico Mario Nuti, Volume II

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Publisher : Springer Nature
ISBN 13 : 3031231678
Total Pages : 698 pages
Book Rating : 4.0/5 (312 download)

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Book Synopsis Collected Works of Domenico Mario Nuti, Volume II by : Saul Estrin

Download or read book Collected Works of Domenico Mario Nuti, Volume II written by Saul Estrin and published by Springer Nature. This book was released on 2023-08-10 with total page 698 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book, the second of two volumes, brings together the work of Domenico Mario Nuti to highlight his significant and varied contribution to economics. Bringing together works from across Nuti’s career, his distinctive intellectual framework is exemplified in relation to discussions on the drivers of economic growth and development, the most efficient economic system, the organisation of firms, and how economies should be managed. This volume gives particular attention to Nuti’s views about how economic systems evolve, about the possibilities for various forms of economic democracy; and his analysis of East-West integration and globalization. The volume also contains a bibliography of his works.

Collected Works of Domenico Mario Nuti, Volume I

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Publisher : Springer Nature
ISBN 13 : 3031123344
Total Pages : 620 pages
Book Rating : 4.0/5 (311 download)

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Book Synopsis Collected Works of Domenico Mario Nuti, Volume I by : Saul Estrin

Download or read book Collected Works of Domenico Mario Nuti, Volume I written by Saul Estrin and published by Springer Nature. This book was released on 2023-05-20 with total page 620 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book, the first of two volumes, brings together the work of Domenico Mario Nuti to highlight his significant and varied contribution to economics. Bringing together works from across Nuti’s career, his distinctive intellectual framework is exemplified in relation to discussions on the drivers of economic growth and development, the most efficient economic system, the organisation of firms, and how economies should be managed. This volume gives particular attention to socialist economic systems, and the transition of former socialist countries to market economies. This book, through the inclusion of an introduction, aims to contextualise his ideas and illustrate their continued relevance. It will be of wide interest to students and researchers.

European Variations as a Key to Cooperation

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Publisher : Springer Nature
ISBN 13 : 3030328937
Total Pages : 192 pages
Book Rating : 4.0/5 (33 download)

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Book Synopsis European Variations as a Key to Cooperation by : Ernst Hirsch Ballin

Download or read book European Variations as a Key to Cooperation written by Ernst Hirsch Ballin and published by Springer Nature. This book was released on 2020-01-02 with total page 192 pages. Available in PDF, EPUB and Kindle. Book excerpt: This Open Access book offers a novel view on the benefits of a lasting variation between the member states in the EU. In order to bring together thirty very different European states and their citizens, the EU will have to offer more scope for variation. Unlike the existing differentiation by means of opt-outs and deviations, variation is not a concession intended to resolve impasses in negotiations; it is, rather, a different structuring principle. It takes differences in needs and in democratically supported convictions seriously. A common core remains necessary, specifically concerning the basic principles of democracy, rule of law, fundamental rights and freedoms, and the common market. By taking this approach, the authors remove the pressure to embrace uniformity from the debate about the EU’s future. The book discusses forms of variation that fall both within and outside the current framework of European Union Treaties. The scope for these variations is mapped out in three domains: the internal market; the euro; and asylum, migration and border control.

The Future of Money

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Publisher : Princeton University Press
ISBN 13 : 0691187134
Total Pages : 319 pages
Book Rating : 4.6/5 (911 download)

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Book Synopsis The Future of Money by : Benjamin J. Cohen

Download or read book The Future of Money written by Benjamin J. Cohen and published by Princeton University Press. This book was released on 2018-06-05 with total page 319 pages. Available in PDF, EPUB and Kindle. Book excerpt: Is globalization leading us toward a world of fewer and fewer currencies and, consequently, simplified monetary management? Many specialists believe this is the case, as the territorial monopolies national governments have long claimed over money appears to be eroding. In The Future of Money, Benjamin Cohen argues that this view--which he calls the "Contraction Contention"--is wrong. Rigorously argued, written with extraordinary clarity, and thoroughly up-to-date, this book demonstrates that the global population of currencies is set to expand greatly, not contract, making monetary governance more difficult, not less. At the book's core is an innovative theoretical model for understanding the strategic preferences of states in monetary management. Should governments defend their traditional monetary sovereignty, or should they seek some kind of regional consolidation of currencies? The model offers two broad advances. First, whereas most scholarly work evaluates strategic options individually or in comparison to just one other alternative, this model emphasizes the three-dimensional nature of the decisions involved. Second, the model emphasizes degrees of currency regionalization as a central determinant of state preferences. Cohen also systematically explores the role of the private sector as an alternative source of money. The book concludes with two key policy proposals. First, fiscal policy should be resurrected as a tool of macroeconomic management, to offset the present-day erosion in the effectiveness of monetary policy. Second, the International Monetary Fund should more actively help coordinate the decentralized strategic decision-making of governments. The future of money will be perilous. But, by mapping out the alternative policies countries can follow, The Future of Money shows it need not be chaotic.

International Investment Perspectives 2002

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Publisher : OECD Publishing
ISBN 13 : 9264199187
Total Pages : 207 pages
Book Rating : 4.2/5 (641 download)

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Book Synopsis International Investment Perspectives 2002 by : OECD

Download or read book International Investment Perspectives 2002 written by OECD and published by OECD Publishing. This book was released on 2002-09-23 with total page 207 pages. Available in PDF, EPUB and Kindle. Book excerpt: Thia new annual publication offers broad overviews of recent trends in FDI, with analysis of issues of recent interest.

Economic Policy Issues for the Next Decade

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Publisher : Springer Science & Business Media
ISBN 13 : 1475750463
Total Pages : 292 pages
Book Rating : 4.4/5 (757 download)

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Book Synopsis Economic Policy Issues for the Next Decade by : Karl Aiginger

Download or read book Economic Policy Issues for the Next Decade written by Karl Aiginger and published by Springer Science & Business Media. This book was released on 2013-03-09 with total page 292 pages. Available in PDF, EPUB and Kindle. Book excerpt: There are several reasons why it has become important to rethink economic policy. Out of the European perspective it is the new currency, the enlargement towards Central and Eastern European countries, the sluggish growth and the end of productivity convergence towards the USA and the insufficient creation of employment. From the transatlantic perspective increasing differences in the economic policy and the potential rise of conflicts between Europe and the USA, for example, in trade, competition and health issues are important. The current volume touches most, but not all of these topics. It starts with the overview by Joseph Stiglitz on policy issues. Then macroeconomics policy is discussed, followed by the problem of an ageing society and European enlargement. Differences between Europe and the USA are large in taxation and in the role of public finance. The relative competitiveness of countries as well as of Europe will be decided by investments into new technologies and progression towards the Science Based Economy. In the final section the role of economists in shaping the economic agenda and giving policy advice is discussed.

Economic and Business Review for Central and South-Eastern Europe

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Publisher :
ISBN 13 :
Total Pages : 744 pages
Book Rating : 4.3/5 (91 download)

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Book Synopsis Economic and Business Review for Central and South-Eastern Europe by :

Download or read book Economic and Business Review for Central and South-Eastern Europe written by and published by . This book was released on 2001 with total page 744 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Financial Policies in Emerging Markets

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Publisher : MIT Press
ISBN 13 : 9780262025256
Total Pages : 282 pages
Book Rating : 4.0/5 (252 download)

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Book Synopsis Financial Policies in Emerging Markets by : Mario I. Bléjer

Download or read book Financial Policies in Emerging Markets written by Mario I. Bléjer and published by MIT Press. This book was released on 2002 with total page 282 pages. Available in PDF, EPUB and Kindle. Book excerpt: An overview of the financial vulnerability of emerging market economies and how the impact of exchange rate regimes affects this vulnerability.

Governing Global Finance

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Publisher : Routledge
ISBN 13 : 1351725378
Total Pages : 332 pages
Book Rating : 4.3/5 (517 download)

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Book Synopsis Governing Global Finance by : Michele Fratianni

Download or read book Governing Global Finance written by Michele Fratianni and published by Routledge. This book was released on 2017-11-01 with total page 332 pages. Available in PDF, EPUB and Kindle. Book excerpt: This title was first published in 2002: As the twenty-first century began, it was easy to assume that the reforms to the international financial system undertaken in the last half of the 1990s were adequate to the core tasks of ensuring stability, sustained growth and broadly shared benefits in the world economy. That comfortable consensus has now been shattered. This volume critically assesses fundamental issues including: -the elements and adequacy of recent G7-led efforts at international financial reform -current causes of and prospects for growth in the new global economy -the challenges of crisis prevention -private sector participation and IFI responsibilities -the world’s monetary supply and sovereignty in the face of market forces. These key topics are examined by leading economists and scholars of political economy from both academic and policy communities in G7 countries, making it an essential addition to the collections of all those concerned with the challenges facing the world economy in the coming years.