Money markets and politics: a study of European financial integration and monetary policy options
Gespeichert in:
Hauptverfasser: | , |
---|---|
Format: | Buch |
Sprache: | English |
Veröffentlicht: |
Cheltenham [u.a.]
Elgar
2003
|
Schlagworte: | |
Online-Zugang: | Inhaltsverzeichnis |
Beschreibung: | Includes bibliographical references and index |
Beschreibung: | X, 290 S. graph. Darst. |
ISBN: | 1843764458 |
Internformat
MARC
LEADER | 00000nam a2200000zc 4500 | ||
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100 | 1 | |a Forssbæck, Jens |e Verfasser |4 aut | |
245 | 1 | 0 | |a Money markets and politics |b a study of European financial integration and monetary policy options |c Jens Forssbaeck, Lars Oxelheim |
264 | 1 | |a Cheltenham [u.a.] |b Elgar |c 2003 | |
300 | |a X, 290 S. |b graph. Darst. | ||
336 | |b txt |2 rdacontent | ||
337 | |b n |2 rdamedia | ||
338 | |b nc |2 rdacarrier | ||
500 | |a Includes bibliographical references and index | ||
610 | 2 | 7 | |a Europäische Union |0 (DE-588)5098525-5 |2 gnd |9 rswk-swf |
648 | 7 | |a Geschichte 1980-2000 |2 gnd |9 rswk-swf | |
650 | 7 | |a EMU |2 gtt | |
650 | 7 | |a Economische integratie |2 gtt | |
650 | 7 | |a Monetaire politiek |2 gtt | |
650 | 4 | |a Monetary unions -- Europe | |
650 | 4 | |a Monetary policy -- Europe | |
650 | 0 | 7 | |a Währungspolitik |0 (DE-588)4064152-1 |2 gnd |9 rswk-swf |
650 | 0 | 7 | |a Geldmarkt |0 (DE-588)4019899-6 |2 gnd |9 rswk-swf |
650 | 0 | 7 | |a Währungsunion |0 (DE-588)4188829-7 |2 gnd |9 rswk-swf |
650 | 0 | 7 | |a Kreditmarkt |0 (DE-588)4073788-3 |2 gnd |9 rswk-swf |
650 | 0 | 7 | |a Wirtschaftliche Integration |0 (DE-588)4066410-7 |2 gnd |9 rswk-swf |
650 | 0 | 7 | |a Kapitalmobilität |0 (DE-588)4163275-8 |2 gnd |9 rswk-swf |
650 | 0 | 7 | |a Geldpolitik |0 (DE-588)4019902-2 |2 gnd |9 rswk-swf |
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999 | |a oai:aleph.bib-bvb.de:BVB01-010372567 |
Datensatz im Suchindex
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---|---|
adam_text | IMAGE 1
CONTENTS
PREFACE J X
1. INTRODUCTION 1
1.1 THE ROLE OF SHORT-TERM FINANCIAL MARKETS 2
1.2 THE INTERNATIONAL ASPECTS OF MONEY MARKET CHANGE: A FRAMEWORK FOR
ANALYSIS 6
1.3 SOME CONCEPTUAL CLARIFICATIONS: CAPITAL MOBILITY AND MONETARY POLICY
AUTONOMY 9
1.4 THE CASE OF SMALL, OPEN EUROPEAN ECONOMIES 13
1.5 THE SCOPE AND PLAN OF THE BOOK 15
2. BACKGROUND INDICATORS OF ECONOMIC AND FINANCIAL DEVELOPMENT AND
INTEGRATION ] 8
2.1 INDICATORS OF ECONOMIC DEVELOPMENT AND ECONOMIC INTEGRATION/OPENNESS
18
2.2 INDICATORS OF FINANCIAL DEVELOPMENT AND FINANCIAL
INTEGRATION/OPENNESS 30
2.3 CONCLUDING REMARKS 40
3. MONEY MARKET FORMATION AND TRANSFORMATION 42
3.1 THE EMERGENCE OF EFFICIENT DOMESTIC MONEY MARKETS: FACTS AND DRIVERS
42
3.2 THE DEREGULATION OF DOMESTIC FINANCIAL SECTORS 64
3.3 THE IMPACT OF MONEY MARKET DEVELOPMENT AND DEREGULATION 75
3.4 SUMMARY OBSERVATIONS OF MONEY MARKET FORMATION AND TRANSFORMATION 85
4. MONEY MARKET DEVELOPMENT AND MONETARY POLICY OPERATIONS 92 4.1
INTEREST RATE MANAGEMENT IN PRACTICE: A FEW BENCHMARK EXAMPLES 93
4.2 CHANGES OF CENTRAL BANK INSTRUMENTS: MAIN DRIVERS 97 4.3 CHANGES IN
CENTRAL BANK OPERATIONS 1980-2000 99
4.4 SOURCES AND EFFECTS OF FLUCTUATIONS IN MONEY MARKET LIQUIDITY IN THE
1980S AND 1990S 110
IMAGE 2
VI MONEY MARKETS AND POLITICS
4.5 CONCLUDING REMARKS ON MONEY MARKET DEVELOPMENT AND MONETARY POLICY
OPERATIONS 116
5. EXTERNAL ARRANGEMENTS: EXCHANGE RATE REGIMES AND CAPITAL CONTROLS 120
5.1 FORMAL EXCHANGE RATE REGIMES AND NOMINAL EXCHANGE RATE DEVELOPMENTS
122
5.2 DE-JURE VS. DE-FACTO EXCHANGE RATE POLICY: VARIABILITY AND THE
PROBLEM OF REGIME CLASSIFICATION 132
5.3 CAPITAL ACCOUNT LIBERALIZATION IN THE FOCUS COUNTRIES 141 5.4 A
SUMMARY CLASSIFICATION OF EXTERNAL POLICY REGIMES 152
6. MEASURING CAPITAL MOBILITY: THE DEGREE OF DIRECT MONEY MARKET
INTEGRATION 156
6.1 INTERNATIONAL FISHER PARITY 157
6.2 AN EXTENDED INTERNATIONAL FISHER PARITY MODEL 163
6.3 WEAK TESTS OF INTERNATIONAL FISHER PARITY 175
6.4 CONCLUDING REMARKS ON MEASURING CAPITAL MOBILITY 179
7. MONETARY POLICY AUTONOMY UNDER DIFFERENT INSTITUTIONAL REGIMES 190
7.1 ANALYTIC FRAMEWORK AND SOME PRACTICAL CONSIDERATIONS 192 7.2
ANALYSIS OF THE CROSS-COUNTRY RESPONSIVENESS OF POLICY INTEREST RATES
196
7.3 BIVARATE TESTS OF MARKET INTEREST RATES AND MONEY GROWTH RATES 201
7.4 MULTIVARIATE TESTS 214
7.5 CONCLUDING REMARKS ON MONETARY POLICY AUTONOMY 223
8. MONEY MARKET DEVELOPMENT AND MONETARY POLICY OPTIONS: CONCLUDING
REMARKS 233
8.1 NO INDICATION THAT GENERAL ECONOMIC INDICATORS EXPLAIN EMU
MEMBERSHIP/NON-MEMBERSHIP 235
8.2 FOUR SETS OF MOTIVES FOR POLICY-MAKERS TO PROMOTE MONEY MARKET
DEVELOPMENT 237
8.3 NO SIGNS OF A SINGLE EUROPEAN MONEY MARKET 239
8.4 FIVE MAIN REASONS BEHIND CHANGES IN MONETARY POLICY OPERATING
PROCEDURES 240
8.5 LOSS OF CLOUT IN MONETARY POLICY IS NOT A PREDICTOR OF EMU
MEMBERSHIP 242
8.6 NO EVIDENCE OF LARGE AND SYSTEMATIC DIFFERENCES IN NOMINAL EXCHANGE
RATE VOLATILITY ACROSS EXCHANGE RATE REGIMES 243 8.7 INCREASING
FINANCIAL INTEGRATION OVER TIME, BUT NO SIGN OF A COLLECTIVE PATTERN FOR
THE EMU COUNTRIES 244
IMAGE 3
CONTENTS VII
8.8 EXCHANGE RATE REGIME NOT A GOOD PREDICTOR OF MONETARY POLICY
AUTONOMY 246
8.9 THE COST OF LOSING MONETARY POLICY AUTONOMY CANNOT EXPLAIN EMU
MEMBERSHIP 247
GLOSSARY 250
REFERENCES 258
INDEX 275
|
any_adam_object | 1 |
author | Forssbæck, Jens Oxelheim, Lars 1944- |
author_GND | (DE-588)170291103 |
author_facet | Forssbæck, Jens Oxelheim, Lars 1944- |
author_role | aut aut |
author_sort | Forssbæck, Jens |
author_variant | j f jf l o lo |
building | Verbundindex |
bvnumber | BV017212785 |
callnumber-first | H - Social Science |
callnumber-label | HG925 |
callnumber-raw | HG925.F67 2003 |
callnumber-search | HG925.F67 2003 |
callnumber-sort | HG 3925 F67 42003 |
callnumber-subject | HG - Finance |
classification_rvk | QK 640 QM 333 |
ctrlnum | (OCoLC)231984269 (DE-599)BVBBV017212785 |
dewey-full | 332.4/9421 332.4/94 |
dewey-hundreds | 300 - Social sciences |
dewey-ones | 332 - Financial economics |
dewey-raw | 332.4/94 21 332.4/94 |
dewey-search | 332.4/94 21 332.4/94 |
dewey-sort | 3332.4 294 221 |
dewey-tens | 330 - Economics |
discipline | Wirtschaftswissenschaften |
era | Geschichte 1980-2000 gnd |
era_facet | Geschichte 1980-2000 |
format | Book |
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geographic | Europa Europe -- Economic integration Europa (DE-588)4015701-5 gnd |
geographic_facet | Europa Europe -- Economic integration |
id | DE-604.BV017212785 |
illustrated | Illustrated |
indexdate | 2024-07-09T19:15:04Z |
institution | BVB |
isbn | 1843764458 |
language | English |
lccn | 2003052821 |
oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-010372567 |
oclc_num | 231984269 |
open_access_boolean | |
owner | DE-703 DE-12 DE-521 DE-188 |
owner_facet | DE-703 DE-12 DE-521 DE-188 |
physical | X, 290 S. graph. Darst. |
publishDate | 2003 |
publishDateSearch | 2003 |
publishDateSort | 2003 |
publisher | Elgar |
record_format | marc |
spelling | Forssbæck, Jens Verfasser aut Money markets and politics a study of European financial integration and monetary policy options Jens Forssbaeck, Lars Oxelheim Cheltenham [u.a.] Elgar 2003 X, 290 S. graph. Darst. txt rdacontent n rdamedia nc rdacarrier Includes bibliographical references and index Europäische Union (DE-588)5098525-5 gnd rswk-swf Geschichte 1980-2000 gnd rswk-swf EMU gtt Economische integratie gtt Monetaire politiek gtt Monetary unions -- Europe Monetary policy -- Europe Währungspolitik (DE-588)4064152-1 gnd rswk-swf Geldmarkt (DE-588)4019899-6 gnd rswk-swf Währungsunion (DE-588)4188829-7 gnd rswk-swf Kreditmarkt (DE-588)4073788-3 gnd rswk-swf Wirtschaftliche Integration (DE-588)4066410-7 gnd rswk-swf Kapitalmobilität (DE-588)4163275-8 gnd rswk-swf Geldpolitik (DE-588)4019902-2 gnd rswk-swf Europa Europe -- Economic integration Europa (DE-588)4015701-5 gnd rswk-swf Europäische Union (DE-588)5098525-5 b Währungsunion (DE-588)4188829-7 s Geldpolitik (DE-588)4019902-2 s DE-604 Wirtschaftliche Integration (DE-588)4066410-7 s Kapitalmobilität (DE-588)4163275-8 s Kreditmarkt (DE-588)4073788-3 s DE-188 Europa (DE-588)4015701-5 g Geldmarkt (DE-588)4019899-6 s Währungspolitik (DE-588)4064152-1 s Geschichte 1980-2000 z Oxelheim, Lars 1944- Verfasser (DE-588)170291103 aut SWB Datenaustausch application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=010372567&sequence=000001&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis |
spellingShingle | Forssbæck, Jens Oxelheim, Lars 1944- Money markets and politics a study of European financial integration and monetary policy options Europäische Union (DE-588)5098525-5 gnd EMU gtt Economische integratie gtt Monetaire politiek gtt Monetary unions -- Europe Monetary policy -- Europe Währungspolitik (DE-588)4064152-1 gnd Geldmarkt (DE-588)4019899-6 gnd Währungsunion (DE-588)4188829-7 gnd Kreditmarkt (DE-588)4073788-3 gnd Wirtschaftliche Integration (DE-588)4066410-7 gnd Kapitalmobilität (DE-588)4163275-8 gnd Geldpolitik (DE-588)4019902-2 gnd |
subject_GND | (DE-588)5098525-5 (DE-588)4064152-1 (DE-588)4019899-6 (DE-588)4188829-7 (DE-588)4073788-3 (DE-588)4066410-7 (DE-588)4163275-8 (DE-588)4019902-2 (DE-588)4015701-5 |
title | Money markets and politics a study of European financial integration and monetary policy options |
title_auth | Money markets and politics a study of European financial integration and monetary policy options |
title_exact_search | Money markets and politics a study of European financial integration and monetary policy options |
title_full | Money markets and politics a study of European financial integration and monetary policy options Jens Forssbaeck, Lars Oxelheim |
title_fullStr | Money markets and politics a study of European financial integration and monetary policy options Jens Forssbaeck, Lars Oxelheim |
title_full_unstemmed | Money markets and politics a study of European financial integration and monetary policy options Jens Forssbaeck, Lars Oxelheim |
title_short | Money markets and politics |
title_sort | money markets and politics a study of european financial integration and monetary policy options |
title_sub | a study of European financial integration and monetary policy options |
topic | Europäische Union (DE-588)5098525-5 gnd EMU gtt Economische integratie gtt Monetaire politiek gtt Monetary unions -- Europe Monetary policy -- Europe Währungspolitik (DE-588)4064152-1 gnd Geldmarkt (DE-588)4019899-6 gnd Währungsunion (DE-588)4188829-7 gnd Kreditmarkt (DE-588)4073788-3 gnd Wirtschaftliche Integration (DE-588)4066410-7 gnd Kapitalmobilität (DE-588)4163275-8 gnd Geldpolitik (DE-588)4019902-2 gnd |
topic_facet | Europäische Union EMU Economische integratie Monetaire politiek Monetary unions -- Europe Monetary policy -- Europe Währungspolitik Geldmarkt Währungsunion Kreditmarkt Wirtschaftliche Integration Kapitalmobilität Geldpolitik Europa Europe -- Economic integration |
url | http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=010372567&sequence=000001&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |
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