Inclusion of Central European Countries in the European Monetary Union
Inclusion of Central European Countries in the European Monetary Union

Author: Paul C. de Grauwe

Publisher: Springer Science & Business Media

Published: 2012-12-06

Total Pages: 228

ISBN-13: 1461550734

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The creation of the European Economic and Monetary Union (EMU) and the introduction of the euro is a historical event for the EU countries. The debates on the desirability of the EMU provoked a vast economic literature dealing with the theory of the optimum currency area, costs and benefits of the EMU, symmetric vs. asymmetric shocks, alternative mechanisms of adjustment in a monetary union and so forth. Until recently, for the Central European candidate countries for a full membership in the EU, these issues seemed to be too far away, as they concentrated on devising their own monetary and exchange rate systems suitable for their transition period. The challenges of the EMU for the Central European countries were practically not dealt with in both Western and Eastern economic literature. The present book aims to fill this gap, by focusing on the most direct issue of relevance for the Central European countries with respect to the EMU - why, how and when these countries are expected to join the EMU. The papers included in this volume study the relationship between the EU accession process of the Central European candidate countries and their involvement in the process of European monetary integration.

Banking and Financial Stability in Central Europe
Banking and Financial Stability in Central Europe

Author: David Green

Publisher: Edward Elgar Publishing

Published: 2002-04-26

Total Pages: 248

ISBN-13: 9781781950296

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'...this book would be suited to lawyers and non-lawyers alike. In addition, it provides an interesting look at the EU banking system and the systems of Central and Eastern European countries.' - Ellie Palmer, Journal of International Banking Law and Regulation The eastwards expansion of the European Union is one of the most explosive economic and political issues of the early 21st century. Economic and financial stability combined with rising prosperity in the applicant countries are increasingly seen as necessary preconditions for European Union membership. This authoritative volume, written by scholars and practitioners from Central and Western Europe and the United States, confronts the issues involved in three of the countries most likely to be successful applicants to the EU - the Czech Republic, Hungary and Slovenia. A spotlight is turned on the banking and financial industries, as they are crucial to the achievement of economic stability. The blend of expertise deployed, which draws on in-depth knowledge and extensive experience in central banking, financial and commercial law, business, practical policy making and economic analysis, ensures that this book is timely, relevant and insightful. The authors suggest that the role of the state in both creating and maintaining an effective financial sector is central. Furthermore, they argue that well-regulated commercial banks and strategic foreign investors are a must as, in practice, the attempt to skip straight to modern capital markets has been ruinous. This accessibly written volume will be of interest to students and scholars of economics, finance, law, political science, the sociology of economic life and European studies.

Realigning Interests
Realigning Interests

Author: M. Chang

Publisher: Springer

Published: 2016-02-10

Total Pages: 211

ISBN-13: 1403980179

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Why do currency crises happen? What conditions set the stage for such a crisis? How severe will it be? When will it happen? This book answers these questions, illustrating the points by examining the exchange rate realignments of the European Monetary System. It also shows how balancing the tension between domestic and international politics plays a vital part in a government's willingness to uphold its exchange rate commitments. Michele Chang pays particular attention to the role of domestic elections, since these may prevent governments from credibly committing to a fixed exchange rate and from responding quickly and coherently to market instability, thus encouraging speculation.

Current Economic Issues in EU Integration
Current Economic Issues in EU Integration

Author: M. Baimbridge

Publisher: Springer

Published: 2004-08-23

Total Pages: 234

ISBN-13: 0230598161

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This book examines selected pertinent topics on issues relating to current and future EU developments. In its initial sections, the book focuses on an array of wide ranging micro (agriculture, industry and competition) and macro (EMU, regional convergence and enlargement) issues. A final section is reserved for discussion on Britain's future relationship with the EU. In particular, the book posits possible alternative strategies (e.g. NAFTA membership and policy frameworks) and examines these from both a theoretical and empirical perspective.

The Economics of European Integration
The Economics of European Integration

Author: Willem Molle

Publisher: Routledge

Published: 2017-03-27

Total Pages: 565

ISBN-13: 1351891103

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Through four previous editions The Economics of European Integration by Willem Molle has established itself as a preferred textbook for students of the economics of the EU as well as a reliable reference work for those with a professional interest in the European Union. Carefully revised, this fifth edition takes into account changes in course requirements, new statistical information, and recent policy developments. It includes new material on: - the ongoing integration of the New Member States and the new forms of association with accession countries in Central and Eastern Europe; - the implementation of the Monetary Union and the performance of the euro; - the EU experience as a guide for the economic integration of other regions and for the improvement of world economic governance. Written in a clear style and combining original insights with authoritative analysis, this new edition will further enhance the book's reputation for providing the ideal introduction to the economics of the European Union.

The Political Economy of the European Social Model
The Political Economy of the European Social Model

Author: Philip Whyman

Publisher: Routledge

Published: 2012

Total Pages: 412

ISBN-13: 0415476291

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This book seeks to analyse the development of the European Union (EU), which was founded upon the principle of the free movement of capital, goods, services and people in 1957. Its central thesis is that, from a practical and theoretical point of view, such a basis is fundamentally at odds with the creation of an interventionist regime that the construction of a social Europe would require. The authors argue convincingly that - economically: the EU does not currently possess the budget or the economic tools to pursue such a strategy; politically: close to none of the institutions of the EU have backed such a policy; practically: conservative and neo-liberal forces (among member states and the institutions of the EU) have repeatedly thwarted any moves in this direction. In reality, the Single Internal Market, Economic and Monetary Union, enlargement, the Lisbon Agenda and European Constitution projects all prioritise supply-side measures and expanding the scope of the market rather than the boosting of demand and other economic intervention. Consequently, constructing a social Europe in the face of this would appear problematic. Hence, in both theory and practice, the idea that there can be a social Europe vis- -vis neoliberalisation is a contradiction in terms. This controversial book will be an educating and refreshing read for advanced students and academics involved with European politics, the European Union, European Economics and Economic instititutions.

The A to Z of the European Union
The A to Z of the European Union

Author: Joaquín Roy

Publisher: Scarecrow Press

Published: 2009-09-17

Total Pages: 342

ISBN-13: 0810870320

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Over half a century old and continuing to grow in strength and authority, the European Union consists of 25 member states_with more on the waiting list_and a population of 450 million people. Its influence in foreign and domestic affairs and human rights and law reaches far beyond its earlier fields of trade and politics. From the initial ideas about integration leading to the Treaty of Paris and the creation of the European Coal and Steel Community to the current reflection on the Treaty establishing a Constitution for Europe, The A to Z of the European Union encompasses the most basic elements of the EU and the components that have emerged as a result of them. Through the use of maps, photographs, a chronology, an introductory essay, a bibliography, and hundreds of cross-referenced dictionary entries on topics such as leaders, personalities, institutions, enlargements, member states, internal policies, external relations, basic theories, treaties, and law, this dictionary tells a clear and complete story about the European Union that will assist those with greater interest in understanding it.

The European Central Bank
The European Central Bank

Author: Hanspeter K. Scheller

Publisher:

Published: 2006

Total Pages: 229

ISBN-13: 9789289900270

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Comprehensive 200-page overview of the ECB from its inception in June 1998 until the present day.

European Economic and Political Issues
European Economic and Political Issues

Author: Frank Columbus

Publisher: Nova Publishers

Published: 2003

Total Pages: 194

ISBN-13: 9781590337660

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Vexing issues concerning internal and external change challenge Europe as it tries hard to regroup, reform and refocus. This series is intended to present an ongoing forum to stimulate discussion of these issues. Political Bailout in Germany; Integrating European Financial Services: Developing Substantive Theory; The External and Internal Balance of the Convergence Process of Transformation Economies to the EU; Economic Effects of Nuclear Phase-Out in Germany; The Asymmetric Adjustment of Prices: Theory and Evidence from UK Manufacturing; European Union: Deeper Integration or Wider Membership? A Multivariate Statistical Analysis: Introduction; Research Design; The European Community on an Uncertain Path; Active Citizenship in the Changing Society -- Evidence from Six European Countries; European Union Media Policy: Finding a Path Between Commercial and Public Broadcasting in a Dual System; Index.

Financial Policies in Emerging Markets
Financial Policies in Emerging Markets

Author: Mario I. Bléjer

Publisher: MIT Press

Published: 2002

Total Pages: 282

ISBN-13: 9780262025256

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An overview of the financial vulnerability of emerging market economies and how the impact of exchange rate regimes affects this vulnerability.