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Asymmetric Monetary Transmission in Europe

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Asymmetric Monetary Transmission in Europe Cover

 

Synopses & Reviews

Publisher Comments:

This study investigates whether the common monetary policy by the European Central Bank leads to asymmetric macroeconomic developments in the EU member countries. Several theoretical models of monetary unions are developed to assess how differences in particular channels of transmission translate into differences in the overall strength of monetary transmission within the EMU. As an extension to other studies in this field, we investigate not only the macroeconomic relevance of asymmetries in financial structure, but also the implications of asymmetries in goods and labor markets. In the empirical part, this study critically evaluates previous empirical evidence and presents new econometric results on asymmetric monetary transmission in Europe. The final part describes the structural changes after the establishment of EMU and evaluates their implications for asymmetric monetary transmission in Europe.

Description:

Includes bibliographical references (p. [191]-207).

Product Details

ISBN:
9783540679059
Author:
Clausen, Volker
Publisher:
Springer
Location:
Berlin
Subject:
Economics
Subject:
Money & Monetary Policy
Subject:
Monetary policy
Subject:
Exports & Imports
Subject:
Econometric models
Subject:
Euro
Subject:
Monetary unions
Subject:
Economics - General
Subject:
Business-Accounting and Finance
Series:
European and transatlantic studies,
Series Volume:
00-018
Publication Date:
20001231
Binding:
Hardcover
Language:
English
Illustrations:
Yes
Pages:
x, 207 p.

Related Subjects

Business » Accounting and Finance
Business » Import and Export
History and Social Science » Economics » General

Asymmetric Monetary Transmission in Europe New Hardcover
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