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...

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Bibliographic Details
Other Authors: Choi, Jongmoo Jay, 1945-, Wrase, Jeffrey M.
Format: eBook
Language: English
Published: Amsterdam ; New York : JAI, 2001.
Series: International finance review ; v. 2.
Subjects:
ISBN: 0762308303
9781849501286
Physical Description: 1 online zdroj (xi, 275 p.).

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245 0 0 |a European monetary union and capital markets  |h [elektronický zdroj] /  |c edited by J. Jay Choi, Jeffrey M. Wrase. 
260 |a Amsterdam ;  |a New York :  |b JAI,  |c 2001. 
300 |a 1 online zdroj (xi, 275 p.). 
490 1 |a International finance review,  |x 1569-3767 ;  |v v. 2 
505 0 |a 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. 
520 |a 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. 
588 |a Description based on print version record. 
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650 4 |a Capital market  |z European Union countries. 
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655 9 |a electronic books  |2 eczenas 
700 1 |a Choi, Jongmoo Jay,  |d 1945- 
700 1 |a Wrase, Jeffrey M. 
776 1 |z 9780762308309 
830 0 |a International finance review ;  |v v. 2. 
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