The European Central Bank

credibility, transparency, and centralization

The adoption of the euro in 1999 by 11 member states of the European Union created a single currency area second in economic size only to the United States. The euro zone's monetary policy is now set by the European Central Bank (ECB) and ...

Monetary Union

the European Union as a neo-liberal construction

This volume presents a radical reinterpretation of the European Community or Union as a neo-liberal construction. It was neo- liberal rather than classically liberal because it was designed and used as an external instrument to weaken the interventionist welfare state that protected working people and ...

La integración monetaria en los países del Este y Centro de Europa

del COMECON a la UEM

Este trabajo recoge la gran transformación de las economías del Este y Centro de Europa desde un régimen de planificación centralizada hacia su funcionamiento como economías de mercado y su inclusión en la Unión Europea, tras cumplir los criterios de Copenhague o criterios de adhesión ...

La independencia del Banco Central Europeo

El Banco Central Europeo es uno de los bancos centrales del mundo con mayor autonomía; para muchos, el Banco Central Europeo constituye el modelo de banca central independiente. La normativa europea garantiza, a través de diferentes mecanismos, este máximo nivel de autonomía, dotando al banco ...

Monetary and fiscal policies in the Euro-Area

macro modelling, learning and empirics

The emergence of a new macro economy in Euro-Asia is a great challenge for academics and policy makers alike. Our book focuses on this macro economy and the monetary and fiscal policy responses. As the new environment has evolved over time, private behaviour as well ...

Imperfect knowledge and monetary policy

Based on lectures given as part of The Stone Lectures in Economics, this book discusses the problem of formulating monetary policy in practice, under the uncertain circumstances which characterize the real world. The first lecture highlights the limitations of decision rules suggested by the academic ...

Monetary theory

The political economy of exchange rate policy-making

from the gold standard to the Euro

Steven Kettell analyzes the development of exchange rate policymaking from a Marxist perspective. He examines and provides a new means of understanding three key policymaking episodes in Britain - the return to the gold standard in 1925, membership of the European Exchange Rate Mechanism from 1990-1992 ...

La lunga via per l'euro

The euro

a currency of 300 million people

Unión monetaria europea y disparidades regionales en España

Euros and europeans

monetary integration and the european model of society

Principles of money, banking, and financial markets

This classic textbook incorporates the most current research and data while taking stock of sweeping changes in the international financial landscape produced by financial innovation, deregulation, and geopolitical considerations. Well-known for its casual, conversational style, this text makes sophisticated concepts accessible ÍNDICE:1. Introducing Money ...

Central banking in Eastern Europe

This book, written by a multinational team of experts, explores the changing face of central banking in Eastern Europe in the light of modern macroeconomic thinking, providing important and novel insights into the design of monetary policy institutions. With its authoritative content, this book will ...

Money matters

essays in honour of Alan Walters

As a tribute to the exceptional contribution of Alan Walters to montary theory and plicy, this book draws together a distinguished cast of international contributors to write about money. In a series of essays they review controversies in monetary economics, and debate current policy issues ...

Monetary Unions and hard pegs

effects on trade, financial development, and stability

Eds. Volbert Alexander, Jacques Mélitz, George M. Von Furstenberg This book analyses formal approaches to overcoming monetary divisions within countries and within integrating regions, focusing on the consequences of monetary union for trade among union members and their financial development and stability ÍNDICE:PART I ...

Reshaping economic and monetary union

membership rules and budget policies in Germany, France and Spain

Following Maastricht national governments found themselves pushed into distinctive roles, as promoters, gatekeepers, reformers and defectors, as voter preferences and central bank powers combined in different ways to create clear incentives for politicians. These roles explain the push from certain countries for specific changes to ...

L'età delle banche centrali

forme e governo della moneta fiduciaria in una prospecttiva istituzionalista

Qual è il ruolo delle banche centrali, e come è andato evolvendosi negli oltre due secoli della loro esistenza? E quale logica evolutiva ha condotto ad attribuire loro una generalità di funzioni: istituto di emissione, prestatore di ultima istanza, responsabile della politica monetaria, gestore del ...

Monetary policy implementation

theory-past-present

The first of its kind, this book is entirely dedicated to the implementation of monetary policy: how central banks go about achieving their monetary policy targets. Monetary policy implementation has gone through tremendous changes over the last twenty years, which have witnessed the quiet end ...

Il mercato monetario e la banca centrale

liquidità bancaria, politica monetaria, sistemi di pagamento

Il mercato monetario rappresenta il punto d'incontro tra la gestione della liquidità bancaria e la politica monetaria: da un lato, consente agli intermediari di ridistribuire la liquidità, contribuendo così al loro equilibrio finanziario; dall'altro, costituisce l'ambito di realizzazione della politica monetaria e ...