European monetary union and capital markets:
To form a more perfect economic union and to establish a single market financially, economically and politically, 11 European countries founded a common currency and a European Central Bank, and created a new monetary unit, the euro, on 1st January, 1999. On that date, the old national currencies of...
Gespeichert in:
| Format: | Elektronisch E-Book |
|---|---|
| Sprache: | English |
| Veröffentlicht: |
Amsterdam ; New York
JAI
2001
|
| Schriftenreihe: | International finance review
v. 2 |
| Schlagworte: | |
| Online-Zugang: | DE-634 DE-1043 DE-M347 DE-523 DE-91 DE-473 DE-19 DE-355 DE-703 DE-20 DE-706 DE-824 DE-29 DE-739 DE-1046 URL des Erstveröffentlichers |
| Zusammenfassung: | To form a more perfect economic union and to establish a single market financially, economically and politically, 11 European countries founded a common currency and a European Central Bank, and created a new monetary unit, the euro, on 1st January, 1999. On that date, the old national currencies officially became subunits of the euro, much as the nickel and quarter are subunits of the dollar. Fifteen countries started down the road to monetary union in 1992, when they signed the Treaty on European Union, commonly known as the Maastricht Treaty, which outlined a basic structure for the alliance. However, of those 15 countries, only 11 initially joined the European Monetary Union (EMU): three countries opted out, and another did not meet the economic criteria established for membership in the union. The EMU countries decided that the benefits of having one common currency instead of 11 different ones would outweigh the costs, especially given the amount of travel, trade and financial flow that takes place between these countries. This volume considers effects on capital and goods markets of monetary union in general and European Monetary Union (EMU) in particular. The effects of monetary union addressed here broadly fall into three categories - adjustments in goods and labor markets, adjustments in money and capital markets, and institutional adjustments when a group of countries adopt a common currency (and a common monetary policy), but retain quasi-independent fiscal (and other economic) policies. The relation between monetary union and capital market integration is also highlighted |
| Beschreibung: | 1 Online-Ressource (xi, 275 Seiten) |
| ISBN: | 9781849501286 |
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| contents | Historical overview of the transition to monetary union in Europe / Kerk Phillips, Jeffrey M. Wrase -- Country and industry effects in Euroland's equity markets / Ivo J.M. Arnold -- Intra-day transmission of international stock prices / Cheol S. Eun, Jin-Gil Jeong -- Organization and policy procedures of the European system of central banks / Jeffrey M. Wrase -- Monetary and fiscal policy rules in the european economic and monetary union : a simulation analysis / Gottfried Haber, Reinhard Neck, Warwick J. McKibbin -- A retrospective structural break analysis of the French German interest rate differential in the run-up to EMU / Jérôme Henry, Peter McAdam -- Is there potential for monetary union outside Europe? / Vince Hooper -- Monetary union expansion : the role of market power in trade / Mark M. Spiegel -- The European monetary union / Lall B. Ramrattan, Cathyann D. Tully, Michael Szenberg -- The euro exchange rate and consumer prices / Sinimaaria Ranki -- Monetary union and market integration : capital and goods market issues pertaining to the launching of the euro / J. Jay Choi, Jeffrey M. Wrase -- Volatility and misalignments of EMS and other currencies during 1974-1998 / Michael G. Papaioannou -- The impact of the euro on primary equity markets / E.K. Gatzonas |
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| indexdate | 2025-01-15T19:00:44Z |
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| record_format | marc |
| series2 | International finance review |
| spelling | European monetary union and capital markets edited by J. Jay Choi, Jeffrey M. Wrase Amsterdam ; New York JAI 2001 1 Online-Ressource (xi, 275 Seiten) c rdamedia cr rdacarrier International finance review v. 2 Historical overview of the transition to monetary union in Europe / Kerk Phillips, Jeffrey M. Wrase -- Country and industry effects in Euroland's equity markets / Ivo J.M. Arnold -- Intra-day transmission of international stock prices / Cheol S. Eun, Jin-Gil Jeong -- Organization and policy procedures of the European system of central banks / Jeffrey M. Wrase -- Monetary and fiscal policy rules in the european economic and monetary union : a simulation analysis / Gottfried Haber, Reinhard Neck, Warwick J. McKibbin -- A retrospective structural break analysis of the French German interest rate differential in the run-up to EMU / Jérôme Henry, Peter McAdam -- Is there potential for monetary union outside Europe? / Vince Hooper -- Monetary union expansion : the role of market power in trade / Mark M. Spiegel -- The European monetary union / Lall B. Ramrattan, Cathyann D. Tully, Michael Szenberg -- The euro exchange rate and consumer prices / Sinimaaria Ranki -- Monetary union and market integration : capital and goods market issues pertaining to the launching of the euro / J. Jay Choi, Jeffrey M. Wrase -- Volatility and misalignments of EMS and other currencies during 1974-1998 / Michael G. Papaioannou -- The impact of the euro on primary equity markets / E.K. Gatzonas To form a more perfect economic union and to establish a single market financially, economically and politically, 11 European countries founded a common currency and a European Central Bank, and created a new monetary unit, the euro, on 1st January, 1999. On that date, the old national currencies officially became subunits of the euro, much as the nickel and quarter are subunits of the dollar. Fifteen countries started down the road to monetary union in 1992, when they signed the Treaty on European Union, commonly known as the Maastricht Treaty, which outlined a basic structure for the alliance. However, of those 15 countries, only 11 initially joined the European Monetary Union (EMU): three countries opted out, and another did not meet the economic criteria established for membership in the union. The EMU countries decided that the benefits of having one common currency instead of 11 different ones would outweigh the costs, especially given the amount of travel, trade and financial flow that takes place between these countries. This volume considers effects on capital and goods markets of monetary union in general and European Monetary Union (EMU) in particular. The effects of monetary union addressed here broadly fall into three categories - adjustments in goods and labor markets, adjustments in money and capital markets, and institutional adjustments when a group of countries adopt a common currency (and a common monetary policy), but retain quasi-independent fiscal (and other economic) policies. The relation between monetary union and capital market integration is also highlighted Business & Economics Finance Business & Economics International EU (European Union) International economics Capital market European Union countries Economic and Monetary Union Choi, Jongmoo Jay 1945- Sonstige oth Wrase, Jeffrey M. Sonstige oth https://www.emerald.com/insight/publication/doi/10.1016/S1569-3767(2001)2 Verlag URL des Erstveröffentlichers Volltext |
| spellingShingle | European monetary union and capital markets Historical overview of the transition to monetary union in Europe / Kerk Phillips, Jeffrey M. Wrase -- Country and industry effects in Euroland's equity markets / Ivo J.M. Arnold -- Intra-day transmission of international stock prices / Cheol S. Eun, Jin-Gil Jeong -- Organization and policy procedures of the European system of central banks / Jeffrey M. Wrase -- Monetary and fiscal policy rules in the european economic and monetary union : a simulation analysis / Gottfried Haber, Reinhard Neck, Warwick J. McKibbin -- A retrospective structural break analysis of the French German interest rate differential in the run-up to EMU / Jérôme Henry, Peter McAdam -- Is there potential for monetary union outside Europe? / Vince Hooper -- Monetary union expansion : the role of market power in trade / Mark M. Spiegel -- The European monetary union / Lall B. Ramrattan, Cathyann D. Tully, Michael Szenberg -- The euro exchange rate and consumer prices / Sinimaaria Ranki -- Monetary union and market integration : capital and goods market issues pertaining to the launching of the euro / J. Jay Choi, Jeffrey M. Wrase -- Volatility and misalignments of EMS and other currencies during 1974-1998 / Michael G. Papaioannou -- The impact of the euro on primary equity markets / E.K. Gatzonas Business & Economics Finance Business & Economics International EU (European Union) International economics Capital market European Union countries |
| title | European monetary union and capital markets |
| title_auth | European monetary union and capital markets |
| title_exact_search | European monetary union and capital markets |
| title_exact_search_txtP | European monetary union and capital markets |
| title_full | European monetary union and capital markets edited by J. Jay Choi, Jeffrey M. Wrase |
| title_fullStr | European monetary union and capital markets edited by J. Jay Choi, Jeffrey M. Wrase |
| title_full_unstemmed | European monetary union and capital markets edited by J. Jay Choi, Jeffrey M. Wrase |
| title_short | European monetary union and capital markets |
| title_sort | european monetary union and capital markets |
| topic | Business & Economics Finance Business & Economics International EU (European Union) International economics Capital market European Union countries |
| topic_facet | Business & Economics EU (European Union) International economics Capital market European Union countries |
| url | https://www.emerald.com/insight/publication/doi/10.1016/S1569-3767(2001)2 |
| work_keys_str_mv | AT choijongmoojay europeanmonetaryunionandcapitalmarkets AT wrasejeffreym europeanmonetaryunionandcapitalmarkets |