ISBN:
9783030932329
Language:
English
Pages:
1 Online-Ressource (XXV, 443 p. 14 illus., 9 illus. in color.)
Series Statement:
Springer Texts in Business and Economics
Series Statement:
Springer eBook Collection
Parallel Title:
Erscheint auch als
Parallel Title:
Erscheint auch als
Parallel Title:
Erscheint auch als
Keywords:
Macroeconomics.
;
International economic relations.
;
Economics.
;
Finance, Public.
;
National monetary union
;
Multinational monetary union
;
Eurozone
;
USA
;
European monetary union
;
Central banking
;
Monetary theory
;
Monetary policy
;
Economic institutions
;
International economic
;
Economic Community of Western African States
;
India
;
Analytics of a monetary union
;
Economic reasoning
;
Monetary union as an international monetary system
;
International trade
;
Monetary sovereignty
;
Fiscal policies
;
Fiscal union
;
Banking union
;
Europäische Union
;
Währungsunion
;
Geldpolitik
Abstract:
Monetary Issues: Monetary Unions: Between International Trade and National Sovereignty -- Why a Monetary Union?- Monetary Policy in a Monetary Union: Lessons from Simple Models -- Institutions and Monetary Policy -- Fiscal Issues: Government Deficits, Transfers and Debt -- Fiscal Policies in a Monetary Union -- The Policy Mix -- Toward an Ever Closer Union: Structural Adjustments and Reforms -- Fiscal Union -- Banking Union -- The Fate of a Monetary Union -- General Conclusion. .
Abstract:
This textbook explains the notion of monetary union, highlighting the key concepts, procedures, and challenges involved. The book is organized in three parts. In the first part, the reader learns about monetary issues, like definitions and typology of monetary unions, rationale of monetary unions, monetary policy, monetary institutional matters. The second part is devoted to fiscal matters and the interplay between fiscal and monetary policies, such as deficits, transfers, public debt sustainability issues, fiscal policy, policy mix. The last part focuses on other distinct but related issues, necessary to complete the union: banking and fiscal unions, structural adjustments in a monetary union. It ends with a chapter on the fate of monetary unions: how they develop, mature and sometimes dissolve. The book addresses students at undergraduate and graduate level, interested in a better understanding of international macroeconomics and monetary unions, as well as policy-makers, practitioners and economists in central banks, ministries of economics, economic institutions and banks.
DOI:
10.1007/978-3-030-93232-9
