Results 11 to 20 of about 24,609 (262)
A Theory of Monetary Union and Financial Integration [PDF]
The Review of Economic Studies, 2021 Abstract Since the creation of the euro, capital flows among member countries have been large and volatile. Motivated by this fact, I provide a theory connecting the exchange rate regime to financial integration. The key feature of the model is that monetary policy affects the value of collateral that creditors seize upon default.
openaire +3 more sources
Estonia’s monetary integration into EMU [PDF]
Intereconomics, 2000 Estonia is not only striving for rapid acceptance into the European Union, but it is also directing efforts towards being integrated into EMU without delay. The following article first comments on the extent to which the convergence criteria, as the central precondition for admittance to EMU, have been fulfilled.
Rohde, Armin, Janssen, Ole
openaire +2 more sources
Monetary Integration and the Cost of Borrowing [PDF]
Journal of International Money and Finance, 2005 With the beginning of the European Monetary Union (EMU), euro-area sovereign securities' adjusted spreads over Germany (corrected from the foreign exchange risk) experienced an increase that caused a lower than expected decline in borrowing costs. The objective of this paper is to study what explains that rising.
openaire +4 more sources
Taylor rule and EMU Monetary Policy Determination and ECB's Preferences
Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis, 2006 The aim of the article is to evaluate the preferences of the ECB in monetary policy and to compare them with preferences of the central banks of new EU member countries from Central and Eastern Europe.
Svatopluk Kapounek, Lubor Lacina
doaj +1 more source
THE SINGLE CURRENCY FOR ISLAMIC NATIONS: DO HETEROGENEITIES MATTER?
Journal of Islamic Monetary Economics and Finance, 2019 The purpose of this study is to assess the readiness of 44 OIC member countries to form a currency union and to test whether the Optimum Currency Area (OCA) criteria remain relevant to a large region like the OIC.
Memet Agustiar
doaj +1 more source
A Bibliometric Analysis of the Literature on Optimum Currency Areas and Monetary Integration
Managing Global TransitionsOur study presents a pioneering bibliometric analysis of optimum currency areas literature and monetary integration, utilising 9,228 research outputs published between 1960 and 2022.
Ntombi Matonana, Andrew Phiri
doaj +3 more sources
Acta Economica, 2013 The idea of forming the European Monetary Union (EMU) derives from the fact that monetary integration has considerable economic advantages in lower transaction costs, greater price transparency and monetary stability.
Бранка Топић-Павковић
doaj +1 more source
Paolo Baffi: la moneta europea e “il crepuscolo degli esperti”
Moneta e Credito, 2023 Il lavoro affronta una questione centrale nella storia del pensiero economico: quella del rapporto fra teoria economica e scelte politiche. Lo fa studiando il pensiero economico di Paolo Baffi (1911-1989), Governatore della Banca d’Italia dal 1975 al ...
Alberto Baffigi
doaj +1 more source
Politikon, 2023 The internationalization of the renminbi (RMB) is viewed by some experts as a potential challenge to the US dollar's (USD) hegemonic status in the current global monetary system.
Minglou Li
doaj +1 more source
Balance of Payments of East Asian Countries: Impact of the Coordinated Monetary Policy [PDF]
Пространственная экономика, 2014 The paper examines the equilibrium state of balance of payments of East Asian countries by means of the monetary policy instruments. For this purpose the author determines the value of the equilibrium exchange rate of AMU (Asian Monetary Unit) against ...
Yana Valeryevna Dyomina
doaj +1 more source