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Other titles in the CESifo Seminar series:

European Monetary Integration (Cesifo Seminar Series)

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European Monetary Integration (Cesifo Seminar Series) Cover

 

Synopses & Reviews

Publisher Comments:

andlt;Pandgt;The success of European monetary integration — called by the editors of this CESifo volume "one of the most far-reaching, real world experiments in monetary policy to date" — is not assured. Policy makers have been forced to deal with challenges posed by formulating a uniform monetary policy for countries with asymmetric business cycles and economies in different stages of development as well as with the fiscal and financial implications of a unified currency.The contributors to European Monetary Integration, all prominent economists and scholars, combine theoretical analysis and policy recommendation in their examination of these difficulties. In the first three chapters they consider issues raised by asymmetry problems, including imperfect labor and goods markets, the problem of monetary policy objectives when "one size does not fit all," and the possibility of a bias toward smaller countries in the "one country, one vote" constitutional structure of the European Central Bank. In the last three chapters, they discuss fiscal concerns, including the distribution of seignorage revenues and the interaction of European Central Bank monetary policies and asset price dynamics.andlt;/Pandgt;

Synopsis:

Studies examining the policy challenges posed by European monetary integration, including asymmetry problems and fiscal concerns.

Synopsis:

The contributors to European Monetary Integration, all prominent economists and scholars, combine theoretical analysis and policy recommendation in their examination of these difficulties. In the first three chapters they consider issues raised by asymmetry problems, including imperfect labor and goods markets, the problem of monetary policy objectives when one size does not fit all, and the possibility of a bias toward smaller countries in the one country, one vote constitutional structure of the European Central Bank. In the last three chapters, they discuss fiscal concerns, including the distribution of seignorage revenues and the interaction of European Central Bank monetary policies and asset price dynamics.

Synopsis:

andlt;Pandgt;Studies examining the policy challenges posed by European monetary integration, including asymmetry problems and fiscal concerns.andlt;/Pandgt;

Synopsis:

The success of European monetary integration--called by the editors of this CESifo volume one of the most far-reaching, real world experiments in monetary policy to date--is not assured. Policy makers have been forced to deal with challenges posed by formulating a uniform monetary policy for countries with asymmetric business cycles and economies in different stages of development as well as with the fiscal and financial implications of a unified currency.

Synopsis:

The success of European monetary integration — called by the editors of this CESifo volume "one of the most far-reaching, real world experiments in monetary policy to date" — is not assured. Policy makers have been forced to deal with challenges posed by formulating a uniform monetary policy for countries with asymmetric business cycles and economies in different stages of development as well as with the fiscal and financial implications of a unified currency.The contributors to European Monetary Integration, all prominent economists and scholars, combine theoretical analysis and policy recommendation in their examination of these difficulties. In the first three chapters they consider issues raised by asymmetry problems, including imperfect labor and goods markets, the problem of monetary policy objectives when "one size does not fit all," and the possibility of a bias toward smaller countries in the "one country, one vote" constitutional structure of the European Central Bank. In the last three chapters, they discuss fiscal concerns, including the distribution of seignorage revenues and the interaction of European Central Bank monetary policies and asset price dynamics.

About the Author

Hans-Werner Sinn is Professor of Economics and Public Finance at the University of Munich. He is President of the Ifo Institute for Economic Research and Director of the Center for Economic Studies at the University of Munich.Mika Widgrén is Professor of Economics at the Turku School of Economics, Finland.Marko Köthenbürger is Assistant Professor at the Center for Economic Studies, University of Munich, and Research Director at CESifo.

Product Details

ISBN:
9780262194990
Editor:
Sinn, Hans-Werner
Editor:
Widgren, Mika
Editor:
Sinn, Hans-Werner
Editor:
Widgren, Mika
Editor:
Kothenburger, Marko
Author:
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Editor:
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Publisher:
The MIT Press
Location:
Cambridge, Mass.
Subject:
Money & Monetary Policy
Subject:
European union countries
Subject:
Monetary unions
Subject:
Economics - International
Subject:
Monetary unions -- European Union countries.
Subject:
Business-Accounting and Finance
Edition Description:
Includes bibliographical references and index.
Series:
CESifo Seminar Series European Monetary Integration
Series Volume:
HS 92
Publication Date:
20040319
Binding:
Hardback
Grade Level:
from 17
Language:
English
Illustrations:
20 illus.
Pages:
200
Dimensions:
9 x 6 in

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Product details 200 pages MIT Press - English 9780262194990 Reviews:
"Synopsis" by , Studies examining the policy challenges posed by European monetary integration, including asymmetry problems and fiscal concerns.
"Synopsis" by , The contributors to European Monetary Integration, all prominent economists and scholars, combine theoretical analysis and policy recommendation in their examination of these difficulties. In the first three chapters they consider issues raised by asymmetry problems, including imperfect labor and goods markets, the problem of monetary policy objectives when one size does not fit all, and the possibility of a bias toward smaller countries in the one country, one vote constitutional structure of the European Central Bank. In the last three chapters, they discuss fiscal concerns, including the distribution of seignorage revenues and the interaction of European Central Bank monetary policies and asset price dynamics.
"Synopsis" by , andlt;Pandgt;Studies examining the policy challenges posed by European monetary integration, including asymmetry problems and fiscal concerns.andlt;/Pandgt;
"Synopsis" by , The success of European monetary integration--called by the editors of this CESifo volume one of the most far-reaching, real world experiments in monetary policy to date--is not assured. Policy makers have been forced to deal with challenges posed by formulating a uniform monetary policy for countries with asymmetric business cycles and economies in different stages of development as well as with the fiscal and financial implications of a unified currency.
"Synopsis" by , The success of European monetary integration — called by the editors of this CESifo volume "one of the most far-reaching, real world experiments in monetary policy to date" — is not assured. Policy makers have been forced to deal with challenges posed by formulating a uniform monetary policy for countries with asymmetric business cycles and economies in different stages of development as well as with the fiscal and financial implications of a unified currency.The contributors to European Monetary Integration, all prominent economists and scholars, combine theoretical analysis and policy recommendation in their examination of these difficulties. In the first three chapters they consider issues raised by asymmetry problems, including imperfect labor and goods markets, the problem of monetary policy objectives when "one size does not fit all," and the possibility of a bias toward smaller countries in the "one country, one vote" constitutional structure of the European Central Bank. In the last three chapters, they discuss fiscal concerns, including the distribution of seignorage revenues and the interaction of European Central Bank monetary policies and asset price dynamics.
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