European integration, monetary co-ordination, and the demand for money:
Saved in:
| Main Authors: | , |
|---|---|
| Format: | Book |
| Language: | English |
| Published: |
Oxford [u.a.]
Clarendon Press
1996
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| Subjects: | |
| Online Access: | Inhaltsverzeichnis |
| Physical Description: | XVII, 223 S. graph. Darst. |
| ISBN: | 019829011X |
Staff View
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Record in the Search Index
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| adam_text |
European Integration,
Monetary Co-ordination, and
the Demand for Money
CARLO MONTICELLI
LUCA PAPI
CLARENDON PRESS OXFORD
CONTENTS
List of Figures xi
List of Tables xii
List of Abbreviations xiii
Introduction xv
1 European Integration and Monetary Co-ordination 1
1 Why economic policy co-ordination? • 1
2 Why monetary co-ordination in Europe? 7
3 The European Monetary System and its evolution 14
4 The prospect of Economic and Monetary Union 26
5 The exchange rate crisis and the 'very new' ERM 33
2 Monetary Co-ordination, Symmetry, and Area-Wide
Money Demand 42
1 The concept of symmetry 43
• 2 The degree of symmetry of the ERM 53
3 The degree of symmetry and the optimal monetary
instrument 58
Appendix Proofs of the propositions 82
3 The Definition of Money for Open and Integrated
Economies 84
1 The empirical approach: from money to monetary
aggregates 84
2 Holding sectors 87
3 Financial instruments 90
4 Monetary aggregates for an open economy 96
5 Cross-border deposits 101
6 Monetary aggregates for an integrated area 103
Appendix 1 The definition of monetary aggregates in
EU countries 108
Appendix 2 Cross-border deposits in the main EU
countries 114
x ts Contents
4 National and Area-wide Money Demand 119
1 The area-wide approach to money demand:
rationale, advantages, drawbacks 119
2 The available evidence 127
5 EU-wide Money Demand: An Assessment of
Competing Approaches 139
1 The EU-wide variables 139
2 The econometric method 142
3 Stationarity analysis 144
4 Results for Ml and M3 145
5 Extended aggregates including cross-border deposits ' 154
6 An EU-wide application of the buffer stock approach 162
7 An EU-wide Currency Equivalent aggregate 165
8 Summary of the empirical results 174
Appendix 1 Causality analysis 176
Appendix 2 Results for variables converted at PPP
exchange rates 180
Conclusions 186
References 190
Index 213 |
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| spelling | Monticelli, Carlo Verfasser aut European integration, monetary co-ordination, and the demand for money Carlo Monticelli ; Luca Papi Oxford [u.a.] Clarendon Press 1996 XVII, 223 S. graph. Darst. txt rdacontent n rdamedia nc rdacarrier Europäische Union (DE-588)5098525-5 gnd rswk-swf Monetary policy -- European Union countries Demand for money -- European Union countries Währungsunion (DE-588)4188829-7 gnd rswk-swf Geldnachfrage (DE-588)4128444-6 gnd rswk-swf Geldpolitik (DE-588)4019902-2 gnd rswk-swf Europäische Union. Mitgliedsstaaten Europäische Union (DE-588)5098525-5 b Geldpolitik (DE-588)4019902-2 s Geldnachfrage (DE-588)4128444-6 s DE-604 Währungsunion (DE-588)4188829-7 s Papi, Luca Verfasser aut HEBIS Datenaustausch application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=007386420&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis |
| spellingShingle | Monticelli, Carlo Papi, Luca European integration, monetary co-ordination, and the demand for money Europäische Union (DE-588)5098525-5 gnd Monetary policy -- European Union countries Demand for money -- European Union countries Währungsunion (DE-588)4188829-7 gnd Geldnachfrage (DE-588)4128444-6 gnd Geldpolitik (DE-588)4019902-2 gnd |
| subject_GND | (DE-588)5098525-5 (DE-588)4188829-7 (DE-588)4128444-6 (DE-588)4019902-2 |
| title | European integration, monetary co-ordination, and the demand for money |
| title_auth | European integration, monetary co-ordination, and the demand for money |
| title_exact_search | European integration, monetary co-ordination, and the demand for money |
| title_full | European integration, monetary co-ordination, and the demand for money Carlo Monticelli ; Luca Papi |
| title_fullStr | European integration, monetary co-ordination, and the demand for money Carlo Monticelli ; Luca Papi |
| title_full_unstemmed | European integration, monetary co-ordination, and the demand for money Carlo Monticelli ; Luca Papi |
| title_short | European integration, monetary co-ordination, and the demand for money |
| title_sort | european integration monetary co ordination and the demand for money |
| topic | Europäische Union (DE-588)5098525-5 gnd Monetary policy -- European Union countries Demand for money -- European Union countries Währungsunion (DE-588)4188829-7 gnd Geldnachfrage (DE-588)4128444-6 gnd Geldpolitik (DE-588)4019902-2 gnd |
| topic_facet | Europäische Union Monetary policy -- European Union countries Demand for money -- European Union countries Währungsunion Geldnachfrage Geldpolitik Europäische Union. Mitgliedsstaaten |
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