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Dieses Werk tritt im deutschsprachigen Raum die Nachfolge von
Barros Makrookonomie an. Inhaltlich entspricht es der vierten
Auflage von Barros Makrookonomie im amerikanischen Original. Diese
wurde aber auf die europaische Perspektive hin und im Bereich der
europaischen Institution vollstandig den hiesigen Erfordernissen
angepasst. Damit erweist es sich erneut als ein fuhrendes
deutschsprachiges Lehrwerk der Makrookonomie."
Transatlantic economic relations are dominated by three factors
which are of major historical significance. The first and most
important is the multilateral process for trade liberalisation,
deregulation of financial markets, and macroeconomic policy
co-ordination. The second factor is a transatlantic environment of
national and regional idiosyncrasies exemplified by protectionist
initiatives, a significant weakening of the EMS, and changes in
central bank statutes. The second factor is in part a political
backlash against the first. The third factor affecting
transatlantic economic relations is of course the emergence of
regional economic relationships within the transatlantic economy,
and a treaty calling for a common currency in Europe. In this 1996
volume, specialists in international trade, international finance,
and political economy analyse the causes of these three factors,
and their implications.
Previous efforts to create a European Central Bank (ECB) have
stimulated debate on topics for research into the political economy
of the European Community's institutions. These include the exact
division of responsibilities of national governments and the ECB -
especially concerning exchange rate policy; the need for and design
of constraints on national fiscal policies; and the nature of the
transition from adjustable parities and national monetary policies
to irrevocably fixed parities and a single European monetary
policy. The book also considers the implications of EMU for the
international monetary system - for the use of the ECU as a reserve
currency and for policy coordination among the G-7 countries. The
volume thus provides a comprehensive examination of the issues that
will be decisive for Europe in its choice of monetary institutions.
Transatlantic economic relations are dominated by three factors
which are of major historical significance. The first and most
important is the multilateral process for trade liberalisation,
deregulation of financial markets, and macroeconomic policy
co-ordination. The second factor is a transatlantic environment of
national and regional idiosyncrasies exemplified by protectionist
initiatives, a significant weakening of the EMS, and changes in
central bank statutes. The second factor is in part a political
backlash against the first. The third factor affecting
transatlantic economic relations is of course the emergence of
regional economic relationships within the transatlantic economy,
and a treaty calling for a common currency in Europe. In this 1996
volume, specialists in international trade, international finance,
and political economy analyse the causes of these three factors,
and their implications.
Recent efforts to create a European Central Bank (ECB) have
stimulated debate on new topics for research into the political
economy of the European Community's institutions. These include the
exact division of responsibilities of national governments and the
ECB - especially concerning exchange rate policy; the need for and
design of constraints on national fiscal policies; and the nature
of the transition from adjustable parities and national monetary
policies to irrevocably fixed parities and a single European
monetary policy. The book also considers the implications of EMU
for the international monetary system - for the use of the ECU as a
reserve currency and for policy co-ordination among the G-7
countries. The volume thus provides a comprehensive examination of
the issues that will be decisive for Europe in its choice of
monetary institutions.
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