Introduction of the Euro and the monetary policy of the European Central Bank:
Gespeichert in:
| Beteiligte Personen: | , |
|---|---|
| Format: | Buch |
| Sprache: | Englisch |
| Veröffentlicht: |
Singapore [u.a.]
World Scientific
2010
|
| Schlagwörter: | |
| Links: | http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=018707624&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |
| Umfang: | XX, 199 S. graph. Darst. |
| ISBN: | 9789812838421 9812838422 9789812838438 9812838430 |
Internformat
MARC
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| 245 | 1 | 0 | |a Introduction of the Euro and the monetary policy of the European Central Bank |c Shigeyuki Hamori ; Naoko Hamori |
| 264 | 1 | |a Singapore [u.a.] |b World Scientific |c 2010 | |
| 300 | |a XX, 199 S. |b graph. Darst. | ||
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| 337 | |b n |2 rdamedia | ||
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| 520 | 1 | |a "Marking the 10th anniversary of the creation of the European Central Bank (ECB) and the Euro, this invaluable book analyzes the monetary policy of the ECB - the guardian of the Euro - by using recently developed econometric methods. The analysis performed in this book marks a substantial contribution toward understanding the significance of the Euro area as well as the future of the Euro from an International perspective."--BOOK JACKET. | |
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Datensatz im Suchindex
| _version_ | 1820971323549024256 |
|---|---|
| adam_text |
Contents
Preface
vii
About the Authors
xv
1.
History of the
EU
Monetary Union
1
1.1.
Introduction
. 1
1.2.
Various Experiments Toward Achieving
the Monetary Union
. 1
1.2.1.
Werner Report
. 1
1.2.2.
Snake
. 5
1.2.3.
European Monetary System (EMS)
. 7
1.3.
Contents of the Monetary Union
. 11
1.3.1.
Delors
Report
. 11
1.3.2.
Maastricht Treaty
. 13
1.3.3.
EMI Report: The Changeover to the Single
Currency
. 15
1.3.4.
Amsterdam Treaty
. 16
1.4.
EMI Roles
. 19
1.4.1.
Establishment and Organization
. 19
1.4.2.
Mission
. 19
1.4.3.
Authority
. 23
1.5.
Decision Process on State Participation
in the Monetary Union
. 24
1.5.1.
EMU Participation Criteria
. 24
1.5.2.
Participation Criteria Fulfillment Conditions
25
1.5.3.
EMU Member State Decision Process
. . 28
1.6.
General Overview
. 29
XVII
xviii
Introduction
of the Euro and the Monetary Policy of the ECB
2.
Empirical Analysis of the Money Demand Function
in the Euro Area
31
2.1.
Introduction
. 31
2.2.
Model
. 34
2.3.
Aggregate Data Analysis
. 35
2.3.1.
Data
. 35
2.3.2.
Demand for Ml
. 36
2.3.3.
Demand for M2
. 40
2.3.4.
Demand for M3
. 45
2.4.
Panel Data Analysis
. 48
2.4.1.
Data
. 48
2.4.2.
Demand for Ml
. 49
2.4.3.
Demand for M2
. 52
2.4.4.
Demand for M3
. 54
2.5.
Some Concluding Remarks
. 57
3.
Monetary Policy Rule of the European Central Bank
59
3.1.
Introduction
. 59
3.2.
The Taylor Rule
. 61
3.3.
Data
. 63
3.4.
Empirical Results
. 65
3.4.1.
Simple Taylor Rule
. 65
3.4.2.
The Role of Long-term Interest Rate
. 67
3.5.
Some Concluding Remarks
. 69
4.
Empirical Analysis of the Term Structure of Interest
Rates in the Presence of Cross-Section Dependence
71
4.1.
Introduction
. 71
4.2.
Model
. 73
4.3.
Data
. 75
4.4.
Empirical Results
. 76
4.4.1.
Empirical Results with Cross-Section
Independence
. 76
4.4.2.
Empirical Results with Cross-Section
Dependence
. 78
4.5.
Some Concluding Remarks
. 84
Contents xix
5. Are Budget
Deficits Sustainable in the Euro Area?
87
5.1.
Introduction
. 87
5.2. Model. 92
5.3. Data. 93
5.4.
Empirical Results
. 94
5.5.
Some Concluding Remarks
. 96
6.
Yield Spread and Output Growth in the Euro Area
99
6.1.
Introduction
. 99
6.2.
Models
. 102
6.3.
Aggregate Data Analysis
. 103
6.3.1.
Data
. 103
6.3.2.
Empirical Results
. 104
6.4.
Panel Data Analysis
. 107
6.4.1.
Data
. 107
6.4.2.
Empirical Results
. 108
6.5.
Some Concluding Remarks
. 112
7.
International Capital Flows and the Feldstein-Horioka
Paradox
115
7.1.
Introduction
. 115
7.2.
Data
. 117
7.3.
Empirical Model
. 118
7.4.
Empirical Results
. 119
7.5.
Sub-Sample Analysis
. 122
7.6.
Some Concluding Remarks
. 123
8.
Nominal and Real Exchange Rate Fluctuations:
Euro, US Dollar, and Japanese Yen
125
8.1.
Introduction
. 125
8.2.
Data
. 128
8.3.
Bivariate System
. 130
8.3.1.
Empirical Techniques
. 130
8.3.2.
Empirical Results
. 132
xx
Introduction
of the Euro and the Monetary Policy of the ECB
8.4.
Trivariate System
. 134
8.4.1.
Empirical Techniques
. 134
8.4.2.
Empirical Results
. 137
8.5.
Some Concluding Remarks
. 141
9.
Euro Area Enlargement
143
9.1.
Introduction
. 143
9.2.
Existing
EU
Member State Group
. 145
9.2.1.
Greece
. 145
9.2.2.
Denmark
. 147
9.2.3.
The UK
. 151
9.2.4.
Sweden
. 157
9.3.
Accession Countries
. 159
9.4.
EMU Participants
. 160
9.4.1.
Slovenia
. 160
9.4.2.
Cyprus
. 162
9.4.3.
Malta
. 164
9.4.4.
Slovakia
. 165
9.5.
ERM II Participants
. 167
9.6.
Countries that are not ERM II Participants
. 173
9.7.
Outlook for the Future
. 180
Appendix A: Panel FMOLS and Panel DOLS
185
Bibliography
187
Index
197 |
| any_adam_object | 1 |
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| discipline | Wirtschaftswissenschaften |
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| spelling | Hamori, Shigeyuki 1959- Verfasser (DE-588)130020486 aut Introduction of the Euro and the monetary policy of the European Central Bank Shigeyuki Hamori ; Naoko Hamori Singapore [u.a.] World Scientific 2010 XX, 199 S. graph. Darst. txt rdacontent n rdamedia nc rdacarrier "Marking the 10th anniversary of the creation of the European Central Bank (ECB) and the Euro, this invaluable book analyzes the monetary policy of the ECB - the guardian of the Euro - by using recently developed econometric methods. The analysis performed in this book marks a substantial contribution toward understanding the significance of the Euro area as well as the future of the Euro from an International perspective."--BOOK JACKET. European Central Bank Europäische Union (DE-588)5098525-5 gnd rswk-swf Europäische Zentralbank (DE-588)5287962-8 gnd rswk-swf Euro area Monetary policy European Union countries Währungsunion (DE-588)4188829-7 gnd rswk-swf Euro Währung (DE-588)4408931-4 gnd rswk-swf Geldpolitik (DE-588)4019902-2 gnd rswk-swf Europäische Union. Mitgliedsstaaten Europäische Zentralbank (DE-588)5287962-8 b Geldpolitik (DE-588)4019902-2 s Euro Währung (DE-588)4408931-4 s DE-604 Europäische Union (DE-588)5098525-5 b Währungsunion (DE-588)4188829-7 s DE-188 Hamori, Naoko Verfasser aut Digitalisierung UB Regensburg application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=018707624&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis |
| spellingShingle | Hamori, Shigeyuki 1959- Hamori, Naoko Introduction of the Euro and the monetary policy of the European Central Bank European Central Bank Europäische Union (DE-588)5098525-5 gnd Europäische Zentralbank (DE-588)5287962-8 gnd Euro area Monetary policy European Union countries Währungsunion (DE-588)4188829-7 gnd Euro Währung (DE-588)4408931-4 gnd Geldpolitik (DE-588)4019902-2 gnd |
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| title | Introduction of the Euro and the monetary policy of the European Central Bank |
| title_auth | Introduction of the Euro and the monetary policy of the European Central Bank |
| title_exact_search | Introduction of the Euro and the monetary policy of the European Central Bank |
| title_full | Introduction of the Euro and the monetary policy of the European Central Bank Shigeyuki Hamori ; Naoko Hamori |
| title_fullStr | Introduction of the Euro and the monetary policy of the European Central Bank Shigeyuki Hamori ; Naoko Hamori |
| title_full_unstemmed | Introduction of the Euro and the monetary policy of the European Central Bank Shigeyuki Hamori ; Naoko Hamori |
| title_short | Introduction of the Euro and the monetary policy of the European Central Bank |
| title_sort | introduction of the euro and the monetary policy of the european central bank |
| topic | European Central Bank Europäische Union (DE-588)5098525-5 gnd Europäische Zentralbank (DE-588)5287962-8 gnd Euro area Monetary policy European Union countries Währungsunion (DE-588)4188829-7 gnd Euro Währung (DE-588)4408931-4 gnd Geldpolitik (DE-588)4019902-2 gnd |
| topic_facet | European Central Bank Europäische Union Europäische Zentralbank Euro area Monetary policy European Union countries Währungsunion Euro Währung Geldpolitik Europäische Union. Mitgliedsstaaten |
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