The euro and the ESCB have started in January 1999 and there is naturally a wide-ranging interest in academia and among policymakers in OECD coun tries, how successful European Monetary Union will and can be. EMU has started with 11 countries and experienced a rapid depreciation of the cur rency. With so many EU countries joining for a historical monetary union in a period of economic… Mehr zeigen globalization, international financial market changes and ongoing EU enlargement the problem of monetary policy efficiency becomes crucial; especially as so many countries in the EU still have high unemploy ment rates and the euro has just started at the beginning of a cyclical upswing in the euro zone. Monetary policy is also quite crucial, because the Maastricht convergence criteria severely restrict the scope of national fiscal policy. With a very limited stock of valuable European monetary experience which could be usefully exploited by the ECB and the ESCB respectively, one naturally will appreciate advanced economic modeling of the main issues. This book takes an analytical look at the problem of asymmetric monetary transmission in Euroland. Facing the ECB's monetary policy, individual mem ber countries are likely to experience different policy effects. Countries differ in their financial structure -a well-known argument in the literature -but also in the characteristics of goods and labor markets. The latter fields have been somewhat neglected in the literature but receive broad analytical attention here. Weniger zeigen

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Produktinformationen

Technische Daten

Erscheinungsdatum

27.11.2000

Sprache

Englisch

EAN

9783540679059

Herausgeber

Springer Berlin

Serien- oder Bandtitel

European and Transatlantic Studies

Sonderedition

Nein

Autor

Volker Clausen

Seitenanzahl

207

Einbandart

Gebundene Ausgabe

Schlagwörter

Monetary Transmission, Transmissionsmechanismus, monetary union, financial markets, European Monetary Union (EU), Europäische Währungsunion, econometrics, Geldpolitik, labor market, Konjunktur, macroeconomics, monetary policy, European Central Bank, Business Cycle

Thema-Inhalt

KCB - Makroökonomie KCBM - Geldwirtschaft, Währungspolitik

Höhe

235 mm

Breite

15.5 cm

Warnhinweise und Sicherheitsinformationen

Informationen nach EU Data Act

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