The Monetary Policy in a Changing World
In a context where “the economies’ evolution is driven by the crisis”, the monetary policies are facing, in the post-crisis period, challenges that bring to the forefront of debates the rethinking of objectives, strategies and even implementation tools.
Mariana Trandafir, Georgeta Dragomir
doaj
The institutional failures of International Monetary Fund conditionality [PDF]
The conditionality employed by the International Monetary Fund (IMF) in its lending policy is one of the main themes of controversy in the debate on the new international financial architecture.
Philippe Dulbecco, Jean-Pierre Allegret
core
The Experience of the European Monetary Union in the Coordination of Monetary and Fiscal Policies
This study presents the experience of the European Monetary Union (EMU) countries as an example for external coordination of fiscal and monetary policies under a fixed exchange rate regime.
Kamal, Mona
core
Threat to Multilateralism of Global Financial System [PDF]
This research has been encouraged by two major developments of December 2017: the US National Security Strategy announced the end of the “global community” and coldly replaced it with the paradigm of great power competition; the European Commission ...
Eugen Dijmărescu
doaj
Does Monetary Policy Stabilize the Exchange Rate Following a Currency Crisis? [PDF]
This paper provides evidence on the relationship between monetary policy and the exchange rate in the aftermath of currency crises. It analyzes a large dataset of currency crises in 80 countries for the period 1980-98.
Ilan Goldfajn, Poonam Gupta
core
The Allocation of Power in the Enlarged ECB Governing Council: An Assessment of the ECB Rotation Model. CEPS Report in Finance and Banking No. 35, 1 November 2004 [PDF]
This study analyses the allocation of power in the Governing Council of the European Central Bank (ECB) as it enlarges to accommodate new members of the economic and monetary union.
Styczynska, Barbara., Belke, Ansgar
core
Report on economic and monetary union in the European Community. Collection of papers submitted to the Committee for the Study of Economic and Monetary Union (1989) [preparatory paper for Delors Report]. By Committee for the Study of Economic and Monetary Union [PDF]
Note to the reader: The Report on Economic and Monetary Union in the European Community was published in two versions. The complete edition contains the Report and Collection of Papers, ISBN 92-826-0655-4, catalogue number CB-56-89-401-EN-C.
Delors, Jacques.
core
Reinforcing EU Governance in Times of Crisis: The Commission Proposals and Beyond [PDF]
The recent extensive package introduced by the Commission is the most comprehensive reinforcement of economic governance in the EU and the euro area since the launch of the Economic and Monetary Union. Broader and enhanced surveillance of fiscal policies,
Ansgar Belke
core
Prospects for Asian Monetary Cooperation After the Asian Financial Crisis. Pipedream or Possible Reality? [PDF]
This paper re-assesses the prospects for greater monetary integration in Asia in the wake of the Asian financial crisis of 1997. The Asian crisis highlighted the absence of well-developed supranational institutions in Asia to provide early warning ...
Wilson, Peter
core
A sovereign wealth fund to lift Germany's curse of excess savings. CEPS Policy Brief No. 280, 28 August 2012 [PDF]
As an alternative to the present system of intermediation of the German savings surplus, this paper suggests that the risk-adjusted rate of return could be improved by creating a sovereign wealth fund for Germany (designated DESWF), which could invest ...
Gros, Daniel., Mayer, Thomas
core

