Based on a conference held by the Italian Macroeconomic Policy Group and the Centre for Economic Policy Research, this study examines the issues raised by European monetary unification. An introduction describes recent developments and identifies the motivations for creating a European central bank. Theoretical papers analyze the interactions of capital controls, financial intermediation, and seigniorage in open economies, the optimal design of centralized banks of issue by sovereign countries, and some new aspects of the "optimal currency area" question. The volume concludes with a panel discussion on the feasibility of European monetary unification, featuring leading academics and central bankers.
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"...a substantive addition to the growing body of research on European monetary policy issues." Finance and Development
Book Description
Based on a conference held by the Italian Macroeconomic Policy Group and the Centre for Economic Policy Research, this study examines the issues raised by European monetary unification.
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Inside This Book
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First Sentence:
The initiatives to discuss the establishment of a centralized monetary authority in Europe, coming from government officials, have caught observers by surprise. Read the first page Key Phrases - Statistically Improbable Phrases (SIPs): (learn more)
estimated desired values, flexible exchange rate case, coinage fees, total seigniorage, full liquidity, state paper money, seigniorage gains, common monetary standard, log growth rates, real bills doctrine, factor reallocation, nominal exchange rate regimes, real stock prices, increasing reserve requirements, seigniorage tax, inflation tax revenues, banknote issue, monetary unification, accommodative monetary policy, different exchange rate regimes, ordinary credit, higher reserve requirements, bliss points, currency competition, optimal monetary policy Key Phrases - Capitalized Phrases (CAPs): (learn more)
United States, New York, Journal of Political Economy, World War, American Economic Review, Journal of Monetary Economics, Bank of England, Alberto Giovannini, Bretton Woods, Great Depression, Kingdom of Sardinia, National Banking System, Bank of Italy, Prussian Bank, University of Chicago Press, Banca Romana, German Reich, Kingdom of Italy, Daniel Cohen, West Germany, Southern German, Banca Nazionale, European Monetary Board, European Monetary Fund, Government Central New!
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Front Cover | Table of Contents | First Pages | Index | Back Cover | Surprise Me!
The initiatives to discuss the establishment of a centralized monetary authority in Europe, coming from government officials, have caught observers by surprise. Read the first page Key Phrases - Statistically Improbable Phrases (SIPs): (learn more)
estimated desired values, flexible exchange rate case, coinage fees, total seigniorage, full liquidity, state paper money, seigniorage gains, common monetary standard, log growth rates, real bills doctrine, factor reallocation, nominal exchange rate regimes, real stock prices, increasing reserve requirements, seigniorage tax, inflation tax revenues, banknote issue, monetary unification, accommodative monetary policy, different exchange rate regimes, ordinary credit, higher reserve requirements, bliss points, currency competition, optimal monetary policy Key Phrases - Capitalized Phrases (CAPs): (learn more)
United States, New York, Journal of Political Economy, World War, American Economic Review, Journal of Monetary Economics, Bank of England, Alberto Giovannini, Bretton Woods, Great Depression, Kingdom of Sardinia, National Banking System, Bank of Italy, Prussian Bank, University of Chicago Press, Banca Romana, German Reich, Kingdom of Italy, Daniel Cohen, West Germany, Southern German, Banca Nazionale, European Monetary Board, European Monetary Fund, Government Central New!
Books on Related Topics | Concordance | Text Stats Browse Sample Pages:
Front Cover | Table of Contents | First Pages | Index | Back Cover | Surprise Me!
Citations (learn more)
This book cites 55
books:
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18
books
cite this book:
See all 18 books citing this book
- Monetary Policy (National Bureau of Economic Research Studies in Income and Wealth) by N. Gregory Mankiw on 4 pages
- The European Monetary System by Francesco Giavazzi on 4 pages
- Currency Competition and Monetary Union (Financial and Monetary Policy Studies) by Pascal Salin on page 156, and page 280
- Lombard Street by Walter Bagehot on page 309, and page 325
- The International Economy by Peter B. Kenen on page 118, and page 126
See all 55 books this book cites
- Policy Issues in the Evolving International Monetary System (Occasional Paper (Intl Monetary Fund)) by Morris Goldstein in Back Matter (1), Back Matter (2), and Back Matter (3)
- European Responses to Globalization and Financial Market Integration: Perceptions of Economic and Monetary Union in Britain, France and Germany by Amy Verdun in Back Matter (1), and Back Matter (2)
- Establishing a Central Bank: Issues in Europe and Lessons from the U.S. (Centre for Economic Policy Research International Monetary Fund) by Matthew B. Canzoneri on page 39, and Back Flap
- Public Debt Management: Theory and History by Rudiger Dornbusch in Front Matter, and page 284
- A Financial History of Western Europe by Charles P. Kindleberger in Back Matter (1), and Back Matter (2)
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