| Emu, Financial Markets and the World Economy 2001 Edition Contributor(s): Moser, Thomas (Editor), Schips, Bernd (Editor) |
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ISBN: 0792379926 ISBN-13: 9780792379928 Publisher: Springer OUR PRICE: $161.49 Product Type: Hardcover - Other Formats Published: October 2000 Annotation: The Economic and Monetary Union (EMU) is an event of historic proportions with far-reaching implications in the years to come. The essays in EMU, Financial Markets and the World Economy provide an analysis of several theoretical and policy issues associated with these implications. They are organized under four broad issues. First, the likely consequences of the euro for the international monetary system is analyzed, its role as an international currency and the level and long-run volatility of its rate of exchange against other major currencies. Second, the potential long-run impact of EMU on European capital markets, diversification opportunities, and the analytical framework for equity and fixed income analysts are explored. Third, macroeconomic policy issues resulting from the institutional design of EMU are investigated. Finally, the possible impact of EMU on countries outside the euro area is discussed, particularly on countries in Central and Eastern Europe, in the Mediterranean basin, in Africa, and in the Middle East. |
| Additional Information |
| BISAC Categories: - Business & Economics | Economics - Macroeconomics - Business & Economics | Finance - General - Business & Economics | International - Economics |
| Dewey: 332.494 |
| LCCN: 00064013 |
| Physical Information: 0.81" H x 6.14" W x 9.21" (1.44 lbs) 326 pages |
| Descriptions, Reviews, Etc. |
| Publisher Description: This book is based on the conference "EMU and the Outside World", held at the Swiss Federal Institute of Technology (ETH), December 11, 1998. The conference was organized by the Swiss Institute for Business Cycle Research (KOF), which is supported jointly by the ETH and the Swiss Society for Business Cycle Research (SGK), an organization comprising representatives from private industry, the Swiss National Bank and public authorities. On the eve of the final stage of European Economic and Mone- tary Union (EMU), Zurich seemed to be a particularly appropriate place for such a conference. On the one hand, given its location and economic and financial links with the euro area, Switzerland is one of the "outside coun- tries" most affected by EMU. On the other hand, it was nowhere else than in Zurich where the vision of "a United States of Europe" was expressed for the first time by Winston Churchill in his speech on September 19, 1946. For many EMU is a step in that direction, whether welcome or not. Most of the papers appearing in this volume were presented at the con- ference and have been revised and updated. Three contributions, chapter 11- 13, were commissioned specially for this publication. Besides the authors of the chapters, special thanks are due to Guido Boller, Robert McCauley, Umberto Schwarz, and Charles Wyplosz. |
