Monetary Union and Fiscal Stability
ISBN:
978-3-7908-1266-4
Auflage:
Softcover reprint of the original 1st ed. 2000
Verlag:
Physica
Land des Verlags:
Deutschland
Erscheinungsdatum:
24.01.2000
Reihe:
Contributions to Economics
Format:
Softcover
Seitenanzahl:
225
Lieferung in 3-4 Werktagen
Versandkostenfrei ab 40 Euro in Österreich
This book addresses the macroeconomic implications of a country's transition to a monetary union. By using a dynamic multi-country simulation model, it is possible to pinpoint a monetary union, and repercussions produced by fiscal retrenchment policies. Interest and exchange rate effects could only be captured once a new approach including innovations in the solution methodology had been developed. Not only can we draw lessons for newly joining members to the EMU or to any other monetary union, but the analysis also implicitly offers a new explanation for the weak Euro in the first half of 1999.
