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Welfare Effects Of Monetary Integration
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Book Synopsis Welfare Effects of Monetary Integration by : Mr.Tamon Asonuma
Download or read book Welfare Effects of Monetary Integration written by Mr.Tamon Asonuma and published by International Monetary Fund. This book was released on 2012-05-01 with total page 61 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper proposes a quantitative assessment of the welfare effects arising from the Common Monetary Area (CMA) and an array of broader grouping among Southern African Development Community (SADC) countries. Model simulations suggest that (i) participating in the CMA benefits all members; (ii) joining the CMA individually is beneficial for all SADC members except Angola, Mauritius and Tanzania; (iii) creating a symmetric CMA-wide monetary union with a regional central bank carries some costs in terms of foregone anti-inflationary credibility; and (iv) SADC-wide symmetric monetary union continues to be beneficial for all except Mauritius, although the gains for existing CMA members are likely to be limited.
Book Synopsis Welfare Effects of Monetary Integration by : Tamon Asonuma
Download or read book Welfare Effects of Monetary Integration written by Tamon Asonuma and published by . This book was released on 2014 with total page 33 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper proposes a quantitative assessment of the welfare effects arising from the Common Monetary Area (CMA) and an array of broader grouping among Southern African Development Community (SADC) countries. Model simulations suggest that (i) participating in the CMA benefits all members; (ii) joining the CMA individually is beneficial for all SADC members except Angola, Mauritius and Tanzania; (iii) creating a symmetric CMA-wide monetary union with a regional central bank carries some costs in terms of foregone anti-inflationary credibility; and (iv) SADC-wide symmetric monetary union continues to be beneficial for all except Mauritius, although the gains for existing CMA members are likely to be limited.
Book Synopsis Currencies and the Allocation of Risk by : Pablo Andres Neumeyer
Download or read book Currencies and the Allocation of Risk written by Pablo Andres Neumeyer and published by . This book was released on 1995 with total page 31 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The Welfare Effects from Stabilizing European Exchange Rates by : E. W. M. T. Westerhout
Download or read book The Welfare Effects from Stabilizing European Exchange Rates written by E. W. M. T. Westerhout and published by . This book was released on 1996 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Regional Welfare Effects of the European Monetary Union by : Johannes Bröcker
Download or read book Regional Welfare Effects of the European Monetary Union written by Johannes Bröcker and published by . This book was released on 2004 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author :Warner Max Corden Publisher :Princeton, N.J. : International Finance Section, Princeton University ISBN 13 : Total Pages :58 pages Book Rating :4.3/5 ( download)
Book Synopsis Monetary Integration by : Warner Max Corden
Download or read book Monetary Integration written by Warner Max Corden and published by Princeton, N.J. : International Finance Section, Princeton University. This book was released on 1972 with total page 58 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Welfare Effects of Financial Integration by : Falko Fecht
Download or read book Welfare Effects of Financial Integration written by Falko Fecht and published by . This book was released on 2007 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The Economics of Monetary Integration by : Paul de Grauwe
Download or read book The Economics of Monetary Integration written by Paul de Grauwe and published by Oxford University Press, USA. This book was released on 1992 with total page 212 pages. Available in PDF, EPUB and Kindle. Book excerpt: "This expositive textbook on monetary integration looks at the costs and benefits of monetary union in Europe. The author examines such topical issues as whether there is a good economic case for countries to have separate currencies, and whether a nation increases its welfare when it abolishes its national currency and adopts the currency of a wider area. This leads naturally to questions concerning the size of an optimal monetary area - should this include the EC, the whole of Europe, or the whole world?" "The first part of the book focuses on complete monetary unions in which a common currency is substituted for national currencies. The second part looks at incomplete monetary unions and analyzes the operation of monetary systems in which national monetary authorities maintain their national currencies but agree to fix their exchange rates. This leads to an analysis of the European Monetary System and also examines the issues relating to the transition to a full monetary system." "The book combines comprehensive exposition with discussion of recent historical events and theory and will prove invaluable to students."--BOOK JACKET.Title Summary field provided by Blackwell North America, Inc. All Rights Reserved
Book Synopsis The welfare effects of the convergence criteria and of the debate on delaying European Monetary Union by : Michael Berlemann
Download or read book The welfare effects of the convergence criteria and of the debate on delaying European Monetary Union written by Michael Berlemann and published by . This book was released on 1997 with total page 25 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis On the Welfare Effects of Monetary Policy when Households Try to Keep Up with the Rest of the World by : Christian Pierdzioch
Download or read book On the Welfare Effects of Monetary Policy when Households Try to Keep Up with the Rest of the World written by Christian Pierdzioch and published by . This book was released on 2004 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis International Economic Integration by : Franz P. Lang
Download or read book International Economic Integration written by Franz P. Lang and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 269 pages. Available in PDF, EPUB and Kindle. Book excerpt: International economic integration is a topic upon which both academics and policy-makers are focusing a great deal of attention. This has perhaps been most marked in western Europe, given the establishing of the inter nal market and the prospects for an economic and monetary union. In parallel with the movement toward widening and deeping of western European economic integration, we find an increased integration of eastern Europe to world trade and finance as well as regional integration in North America and in East Asia. The book on hand provides a collection of recent research by leading scholars and practicians in this field. It is divided into three parts. The first part deals with some theoretical aspects of international integration, the second and the third part attend to implications of concrete forms of international integration inside and outside Europe. Part I starts with a neoclassical analysis of the impacts of factor-market integration by Franz Peter Lang. He investigates the effects on production level, production structure, demand level and structure of external trade of a "small integration area". Lang shows that the specific welfare effects of factor-market integration can only be realized if and only if external trade (between the integration area and the rest of the world) is increased too.
Book Synopsis Growth, Market Structure, and the Welfare Effects of Economic Integration by : Pietro F. Peretto
Download or read book Growth, Market Structure, and the Welfare Effects of Economic Integration written by Pietro F. Peretto and published by . This book was released on 2008 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper discusses the role of economic integration in a model of endogenous growth where the size of the firm and the interactions between growth and the (endogenous) structure of the market play a crucial role. I focus on the pure scale effects of integration and study explicitly their welfare implications. In a model where the additional trade-offs generated by the interaction between the endogenous structure of the market and the economy's rate of growth play a key role, it is no longer obvious that welfare should increase as a result of economic integration. Both the growth and the welfare effects of integration are, in general, ambiguous. The model, however, gives an intuitive characterization of the conditions necessary for integration to improve growth and welfare. These results support the general insight suggested by Rivera-Batiz and Romer that if integration lets countries exploit increasing returns in R&D (the engine of growth), then it increases the long-run rate of growth purely because it enlarges the extent of the market. The economic mechanism driving this model, however, is quite different from the one driving the standard models of endogenous growth that they consider. This paper, thus, offers a different perspective on the mechanics through which integration lets similar countries exploit increasing returns in R&D and provides new insights and qualifications on the connection between its effects on growth and welfare.
Book Synopsis Before and After the Emu by : Rosa M. Abrantes-Metz
Download or read book Before and After the Emu written by Rosa M. Abrantes-Metz and published by . This book was released on 2005 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper studies the welfare impact of a common monetary policy in the context of a two-country, general equilibrium model with liquidity effect and nominal wage contracts, heterogeneous agents, imperfect competition in the labor market, trade in goods, immobility of labor and mobility of capital. Considering different types of shocks, agents are in general better off under the single currency regime, aside from predominantly technological and idiosyncratic shocks for which they prefer the national currencies regime with a floating exchange rate. I also find the welfare gains of the monetary policy to be smaller under the single currency.
Book Synopsis Should African Monetary Unions Be Expanded? An Empirical Investigation of the Scope for Monetary Integration in Sub-Saharan Africa by : Mr.Xavier Debrun
Download or read book Should African Monetary Unions Be Expanded? An Empirical Investigation of the Scope for Monetary Integration in Sub-Saharan Africa written by Mr.Xavier Debrun and published by International Monetary Fund. This book was released on 2010-07-01 with total page 70 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper develops a full-fledged cost-benefit analysis of monetary integration, and applies it to the currency unions actively pursued in Africa. The benefits of monetary union come from a more credible monetary policy, while the costs derive from real shock asymmetries and fiscal disparities. The model is calibrated using African data. Simulations indicate that the proposed EAC, ECOWAS, and SADC monetary unions bring about net benefits to some potential members, but modest net gains and sometimes net losses for others. Strengthening domestic macroeconomic frameworks is shown to provide some of the same improvements as monetary integration, reducing the latter’s relative attractiveness.
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.
Book Synopsis Currency Politics by : Jeffry A. Frieden
Download or read book Currency Politics written by Jeffry A. Frieden and published by Princeton University Press. This book was released on 2014-12-28 with total page 318 pages. Available in PDF, EPUB and Kindle. Book excerpt: The politics surrounding exchange rate policies in the global economy The exchange rate is the most important price in any economy, since it affects all other prices. Exchange rates are set, either directly or indirectly, by government policy. Exchange rates are also central to the global economy, for they profoundly influence all international economic activity. Despite the critical role of exchange rate policy, there are few definitive explanations of why governments choose the currency policies they do. Filled with in-depth cases and examples, Currency Politics presents a comprehensive analysis of the politics surrounding exchange rates. Identifying the motivations for currency policy preferences on the part of industries seeking to influence politicians, Jeffry Frieden shows how each industry's characteristics—including its exposure to currency risk and the price effects of exchange rate movements—determine those preferences. Frieden evaluates the accuracy of his theoretical arguments in a variety of historical and geographical settings: he looks at the politics of the gold standard, particularly in the United States, and he examines the political economy of European monetary integration. He also analyzes the politics of Latin American currency policy over the past forty years, and focuses on the daunting currency crises that have frequently debilitated Latin American nations, including Mexico, Argentina, and Brazil. With an ambitious mix of narrative and statistical investigation, Currency Politics clarifies the political and economic determinants of exchange rate policies.
Book Synopsis The Effects of Welfare State Policies on European Integration and Global Competitiveness by : Karen Horn
Download or read book The Effects of Welfare State Policies on European Integration and Global Competitiveness written by Karen Horn and published by . This book was released on 1997 with total page 118 pages. Available in PDF, EPUB and Kindle. Book excerpt: Using France and Sweden as case studies, the author presents an analysis of the effects of the welfare state on European integration and global competiveness. It questions whether the extensive system of national social programs creates a formidable obstacle to the European Monetary Union and secondly whether the welfare state hinders European competitiveness in the global environment.
