The Economics Of Comrnon Currencies
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Author | : Harry G. Johnson |
Publisher | : Routledge |
Total Pages | : 267 |
Release | : 2013-07-18 |
Genre | : Business & Economics |
ISBN | : 1135055254 |
Gathering together the papers presented at the Madrid Conference on Optimum Currency Areas in 1970 this volume represents one of the first complete surveys of the theory and policy implication of monetary integration. The book discusses: the economics of fixed exchange rates relevant to monetary relations within an integrated monetary area the evolution of economic doctrine and a survey of optimum currency area theory problems of policy co-ordination within a currency area relevance of the monetary-fiscal policy mix problems of monetary union in developing countries the book predicted the establishment of an European currency but presented the case for greater flexibility of exchange rates as an alternative to currency unification.
Author | : Harry Gordon Johnson |
Publisher | : |
Total Pages | : 308 |
Release | : 1973 |
Genre | : Business & Economics |
ISBN | : |
Author | : Harry Gordon Johnson |
Publisher | : |
Total Pages | : 302 |
Release | : 2013 |
Genre | : Foreign exchange |
ISBN | : |
Author | : Harry G. Johnson |
Publisher | : |
Total Pages | : 0 |
Release | : 2013 |
Genre | : BUSINESS & ECONOMICS |
ISBN | : 9780415832557 |
Supervised by Maurice Dobb, Harry Johnson was particularly impressed by the breadth and the ideas of Joseph Schumpeter, which greatly influenced his writings in later years. Johnson made many contributions to the development of Heckscher-Ohlin theory and also helped to found the monetary approach to the balance of payments. He wrote many surveys of monetary economics that helped to clarify the issues in question.
Author | : Madrid Conference on Optimum Currency Areas 1970 |
Publisher | : |
Total Pages | : 0 |
Release | : |
Genre | : |
ISBN | : |
Author | : Madrid Conference on Optimum Currency Areas, 1970 |
Publisher | : |
Total Pages | : 296 |
Release | : 1973 |
Genre | : Foreign exchange |
ISBN | : |
Author | : Paul de Grauwe |
Publisher | : Oxford University Press, USA |
Total Pages | : 252 |
Release | : 1994 |
Genre | : Business & Economics |
ISBN | : |
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.
Author | : Mr.Leonardo Leiderman |
Publisher | : International Monetary Fund |
Total Pages | : 126 |
Release | : 1997-06-17 |
Genre | : Business & Economics |
ISBN | : 9781557756527 |
Robert Mundell's pioneering theory of optimum currency areas is revisited, with experts from the IMF, the BIS, the European Investment Bank, academia, European think tanks, and the Bank of Israel looking at its current practical applications, especially in the context of the forthcoming European Economic and Monetary Union (EMU). Robert Mundell himself offers an update to help in assessing the implications and consequences of EMU.
Author | : Thorsten Mannherz |
Publisher | : GRIN Verlag |
Total Pages | : 28 |
Release | : 2017-10-17 |
Genre | : Business & Economics |
ISBN | : 3668551340 |
Seminar paper from the year 2016 in the subject Economics - Finance, grade: 1,7, University of applied sciences, Cologne, course: Economics, language: English, abstract: On the 1st of January 1999, 11 European countries adopted the Euro as their official currency. A new Economic and Monetary Union with more than 300 million citizens was born. Sharing a common currency offers several advantages for countries, firms and citizens like enhanced cross-border trade, a better price transparency or the disappearance of foreign exchange rate risks. However, a Monetary Union also comes with constraints like the loss of exchange rate regime of its members which is an important instrument to fight adverse shocks. In order to minimize economic risks for its members and to foster the economic stability of the future European EMU, the European Union member states agreed to meet the Euro Convergence Criteria as a requirement to adopt the Euro. During the negotiations about the necessary criterion, the theory of Optimal Currency Areas – a theory which has its origin in the Bretton Woods era – was deliberately reincarnated by economists to verify whether or not the Eurozone can become a successful EMU. Until today the (traditional) OCA theory is often used by the literature and also by politicians to evince fundamental flaws of the Eurozone. This assignment investigates the Eurozone in the light of the theory of Optimal Currency Areas. In the first part of this assignment the main contributors to the theory of Optimal Currency Areas are enumerated and its most significant factors are explained. The second part applies the listed factors to the Eurozone in order to determine whether or not a specific criterion is fulfilled by the European EMU. A summary and conclusion complete this essay.
Author | : Johannes Kabderian Dreyer |
Publisher | : Springer Nature |
Total Pages | : 129 |
Release | : 2020-06-12 |
Genre | : Business & Economics |
ISBN | : 3030465152 |
This book analyses business cycles synchronization in the Euro Area (EA), one of the 3 criteria that define Optimal Currency Areas (OCAs). Even before its launch, economists questioned whether the EA has what it takes to become an OCA. The onset of the sovereign debt crisis in 2010 confirmed the challenges relating to its construction. But did the EA change over time, and what key drivers may be necessary in the future to strengthen the common currency?