Results 11 to 20 of about 1,218,025 (294)
Monetary union and economic growth [PDF]
SSRN Electronic Journal, 2000 In this speech, John Vickers, Executive Director and Chief Economist at the Bank, discusses possible links between monetary arrangements - in particular monetary union - and economic growth. He stresses that growth depends ultimately on how the real economy works: there is no monetary magic that can conjure up growth. But monetary policy can contribute
John Vickers
core +7 more sources
Specificity of Fiscal Policy in the Monetary Union
Acta Economica, 2018 The condition of the optimal currency area as a theoretical basis of the monetary integration considers the harmonization of the fiscal and monetary policy crucial in achieving the efficient functioning of the monetary union.
Branka Topić-Pavković
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Strategic Delegations in Monetary Unions [PDF]
SSRN Electronic Journal, 2004 In monetary unions, monetary policy is typically made by delegates of the member countries. This procedure raises the possibility of strategic delegation—that countries may choose the types of delegates to influence outcomes in their favor. We show that without commitment in monetary policy, strategic delegation arises if and only if three conditions ...
V. V. Chari +2 more
openaire +5 more sources
EMERGENCE AND EVOLUTION OF THE ECONOMIC AND MONETARY UNION: OVERLOOK AT THE DECISION-MAKING PROCESS AND THE LEGAL INSTRUMENTS USED (FROM ITS ORIGINS TO THE MAASTRICHT TREATY) [PDF]
Challenges of the Knowledge Society, 2021 As we write this, the Economic and Monetary Union seems to have overcome the crisis that has affected its credibility since 2009, continuing to present itself as the most successful monetary integration initiative in the world.
Dragoș–Adrian BANTAȘ +1 more
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Is monetary union necessarily counterproductive? [PDF]
Economics Letters, 2005 zbMATH Open Web Interface contents unavailable due to conflicting licenses.
Diana, Giuseppe, Zimmer, Blandine
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THE IMPOSSIBLE TRINITY OF DEVELOPING COUNTRIES – THE GREEK EXAMPLE [PDF]
Zbornik radova Ekonomskog fakulteta u Rijeci : časopis za ekonomsku teoriju i praksu, 2023 The mobility of factors of production from the very beginnings of the theory of the optimal currency area (OCA) stands out as one of the primary mechanisms for achieving a balance of payments, i.e.
Dragan Gligorić +2 more
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Labor Mobility in a Monetary Union
Social Science Research Network, 2019 The optimal currency literature has stressed the importance of labor mobility as a precondition for the success of monetary unions. But only a few studies formally link labor mobility to macroeconomic adjustment and policy.
Daniel Hauser, Martin Seneca
semanticscholar +1 more source
Macroeconomic stabilization, monetary-fiscal interactions, and Europe's monetary union
European Journal of Political Economy, 2019 The euro area has been experiencing a prolonged period of weak economic activity and very low inflation. This paper reviews models of business cycle stabilization with an eye to formulating lessons for policy in the euro area.
G. Corsetti +4 more
semanticscholar +1 more source
Empirical Results for Some Monetary Areas According to Optimum Currency Area Criteria
Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis, 2015 The euro area is the biggest monetary union in the World. In post-crisis time, the possibilities of creation a new monetary union are discussed again.
Emil Adámek, Stanislav Kappel
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Non-standard monetary policy, asset prices and macroprudential policy in a monetary union
Journal of International Money and Finance, 2018 This paper evaluates the macroeconomic and financial effects of the Eurosystem’s Asset Purchase Programme (APP) and its interaction with a member country’s macroprudential policy.
Lorenzo Burlon +3 more
semanticscholar +1 more source