ISBN:
9781781950197
Language:
English
Pages:
1 Online-Ressource (x, 290 p)
,
ill
Series Statement:
Edward Elgar E-Book Archive
Parallel Title:
Available in another form
Parallel Title:
Elektronische Reproduktion von Forssbæck, Jens, 1970 - Money markets and politics
DDC:
332.4/94
Keywords:
Eurozone
;
Geldpolitik
;
Geldmarkt
;
EU-Staaten
;
Monetary policy
;
Monetary unions
;
Electronic books
;
Europe Economic integration
;
Europäische Union
;
Geldpolitik
;
Währungsunion
;
Europäische Union
;
Wirtschaftliche Integration
;
Europäische Union
;
Währungsunion
;
Währungspolitik
;
Geldmarkt
Abstract:
The dramatic evolution of financial markets in the 1980s and 1990s, accompanied by increasing institutional integration between nations (most notably in the EU), have fostered a widespread belief that governments - particularly those of small economies - have essentially lost the power to pursue sovereign, independent economic policies. At the same time, it is widely assumed that the loss of monetary-policy control is a major opportunity cost for a country adopting a rigid exchange-rate regime or, in the European context, for countries joining the EMU This book sheds light on these arguments
Abstract:
1. Introduction -- 2. Background indicators of economic and financial development and integration -- 3. Money market formation and transformation -- 4. Money market development and monetary policy operations -- 5. External arrangements : exchange rate regimes and capital controls -- 6. Measuring capital mobility : the degree of direct money market integration -- 7. Monetary policy autonomy under different institutional regimes -- 8. Money market development and monetary policy options : concluding remarks
Note:
Includes bibliographical references (p. 258-273) and index
DOI:
10.4337/9781781950197
URL:
Volltext
(Deutschlandweit zugänglich)
URL:
Deutschlandweit zugänglich
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