costs of monetary integration
The Political Economy of Monetary Integration in Transition Countries.
... It should be stressed, that the results of euroization may be more comprehensive and controversial. Particularly, euroization is expected to fix short-term interest rate, which will be determined by the monetary ...
16
Monetary integration and wage-setting coordination in developed European countries
... seriously that it decided to respond with an ultra austerity-oriented policy package (Visser 1990)) to 1981 (the last year before the pact of Wassenaar), the averages for the GDP growth and unemployment were –0.7% and ...
164
COINTEGRATION OF MONETARY POLICY IN GCC COUNTRIES AS MEASURE OF ECONOMIC INTEGRATION
... Given the historical instability in the GCC region, the economic and monetary integration could be desirable for the purpose of maintaining sustainable growth and peace. This would firm the connections ...
9
The politics of monetary integration in the European Community: Theory, practice and prospects
... although monetary unification was probably a goal worth pursuing as a long term welfare objective, its practical implementation implied severe limitations for their own independence of action in the short run and ...
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Domestic institutions and European monetary integration: The politics of monetary and fiscal convergence in Italy, 1992 1998
... Contrary to many other approaches, historical institutionalism does not reify institutions. This has two implications. Firstly, institutions are never the immediate cause of policy outcomes. Under certain circumstances ...
310
The quest for monetary integration – the Hungarian experience
... through monetary policy: it can easily increase the money supply when needed without being concerned about the level of international ...of monetary policy and its ...
19
"System, power, and European monetary integration"
... a monetary bloc. By tightening monetary and exchange rate cooperation among themselves, small countries can accomplish several ...larger monetary area ...
19
A G-Ppp Analysis to the Eac Monetary Integration Process
... over monetary and exchange rate ...the costs are less severe if countries face symmetric shocks as a common policy response would be ...common monetary and exchange rate policy is however reduced if ...
13
Does Inflation Rate Convergence Spur Exchange Rate Volatility? Empirical Evidence from Sub-Saharan Africa
... Monetary integration is a key factor in economic growth of the integrating ...of monetary policies, it leads to increase in trade and investments, financial deepening, and reduces intra-regional ...
15
"The Ascent of the European Commission as an actor in the monetary integration process in the 1960s"
... in monetary cooperation between the countries of the Community and the creation of a Council of Central Bank ...that monetary coordination was also desirable in a wider framework than that of the Community, ...
26
"Political Aspects of European Monetary Integration After WW II"
... International Monetary Fund (IMF), the General Agreement on Tariffs and Trade(GATT), as a stand-in for the never realized International Trade Organization, and the International Bank for Reconstruction and ...
10
EUROPEAN INTEGRATION, TRANSACTION COSTS AND THE EFFICIENCY OF ECONOMIC PROCESSES
... The answer is available in the proposed AC/TC model. It is providing a convenient method for solving a problem of optimal share of two ways (market-based allocation and institutional allocation) of arriving at the final ...
8
The CIS - Does the Regional Hegemon Facilitate Monetary Integration?
... If monetary union itself has conditions for fiscal discipline then it could be that the agreement would act as a more credible restraint on fiscal excess than national ...
25
Monetary regionalism: regional integration without financial crises
... At the beginning of May 2000, Japan has suggested a plan of a network of currency swaps, in effect a regional liquidity fund, to Asian finance ministers attending the annual meeting of the Asian Development Bank in ...
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On the Welfare Costs of Monetary Policy
... the monetary and neutral productivity shocks (Ascari, Phaneuf and Sims, ...the monetary shocks has a relatively larger contribution to the volatility of output growth and its subsequent ...
44
10 Years of the Euro: Achievements, Challenges & Lessons for Asia EU Centre, Singapore Policy Brief Number 1, March 2009
... Therefore, monetary and fiscal im- pulses will need to be reversed after serving their pur- ...the integration of financial markets and for determined implementation of the EU regulatory and su- pervisory ...
8
Monetary costs of Alzheimer’s disease in China: protocol for a cluster-randomised observational study
... the monetary costs associated with AD, including normal, lognormal, exponential, and ...the costs of different subgroups, t-tests or Kruskal-Wallis analysis of variance will be ...
9
Monetary policy, credibility and central bank constitutions
... Yet, if the costs and the benefits of anti-inflationary policy are strictly related to the market structure of the economy, so will be the incentives tempting the monetary authority to i[r] ...
235
The gravity of foreign news coverage in the EU: does the euro matter?
... European integration and ideology issues for national parties in various European countries (Bakker et ...European Integration, starting from the experts’ attribution of values on a 1 (strongly oppose) to 7 ...
23
Romania, Poland Two Countries, One Wish: Joining the Eurozone
... Even if the Delors report set a precise guideline to follow in order to achieve economic and monetary integration, it needed a strong intervention and commitment from Member States. The Treaty establishing ...
20