Stabilization Policy in an Exchange Rate Union is popular PDF and ePub book, written by Valeria De Bonis in 2012-12-06, it is a fantastic choice for those who relish reading online the Business & Economics genre. Let's immerse ourselves in this engaging Business & Economics book by exploring the summary and details provided below. Remember, Stabilization Policy in an Exchange Rate Union can be Read Online from any device for your convenience.
Stabilization Policy in an Exchange Rate Union Book PDF Summary
The treaty of Maastricht envisages the full economic and monetary union in Europe. With increasing real and monetary integration policy decisions in individual member countries tend to have a growing impact on the other member countries of the European Community. Against this background the following study analyses within a unified theoretical framework the impact of monetary and fiscal policy pursued by one country on its own macroeconomic performance as well as on those of the other member countries and of the rest of the world. The analysis contrasts the cases of a small and a large European union relative to the rest of the world and distinguishes very clearly between the short-run, the medium-run and the long-run effects. Based on this the consequences for union cohesion and the scope for policy coordination are discussed. Since the analytical framework is defined by a three country model many results from the traditional policy coordination literature which relies on two country models are qualified. In contrasts to most previous research in this area particular attention is paid to the implications of asymmetries between the EC member countries. Furthermore, the structural parameters are in some instances not taken as given but as responsive to the integration process. In this context numerous links to the traditional literature on optimal currency areas are established and interesting implications for union cohesion during the transition are derived.
Detail Book of Stabilization Policy in an Exchange Rate Union PDF
- Author : Valeria De Bonis
- Release : 06 December 2012
- Publisher : Springer Science & Business Media
- ISBN : 9783642515262
- Genre : Business & Economics
- Total Page : 181 pages
- Language : English
- PDF File Size : 12,6 Mb
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