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The Economics of the Euro Area - Macroeconomic Policy and Institutions (Hardcover)
Loot Price: R3,486
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The Economics of the Euro Area - Macroeconomic Policy and Institutions (Hardcover)
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This book examines the monetary integration of the group of
countries which constitute the Economic and Monetary Union (EMU),
signalling the emergence of a truly European economy. The authors
devote their considerable expertise to the analysis of
macroeconomic policies within EMU and the economic analysis
underlying the conduct of these policies.The authors first analyse
the development of the euro area from a historical perspective.
They then examine the criteria for the first eleven countries to
qualify for EMU and speculate whether the same countries would have
joined if the qualification date had been a year later. The authors
go on to examine purely macroeconomic aspects of the euro area
including: the degree of real convergence in the euro area the
short-run and long-run determinants of the euro area's current
account the euro area's financial markets and implications for the
international role of the euro the organizational structure and
internal procedures of the European System of Central Banks the
Eurosystem's single monetary policy strategy fiscal policy and the
Stability and Growth Pact exchange rate policy issues. This book
will become required reading for scholars and policymakers in the
area's of European studies, macroeconomic policy and financial
economics.
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