Cargando…
New Political Economy of Exchange Rate Policies and the Enlargement of the Eurozone
This work examines the political economy of exchange-rate policies in the context of the eastward enlargement of the eurozone. The analysis shows that prospective members of the EMU are likely to pass on some of the incurred Maastricht costs of convergence to the current EMU-members. The transmissio...
| Clasificación: | Libro Electrónico |
|---|---|
| Autor principal: | |
| Autor Corporativo: | |
| Formato: | Electrónico eBook |
| Idioma: | Inglés |
| Publicado: |
Heidelberg :
Physica-Verlag HD : Imprint: Physica,
2007.
|
| Edición: | 1st ed. 2007. |
| Colección: | Contributions to Economics,
|
| Temas: | |
| Acceso en línea: | Texto Completo |
MARC
| LEADER | 00000nam a22000005i 4500 | ||
|---|---|---|---|
| 001 | 978-3-7908-1762-1 | ||
| 003 | DE-He213 | ||
| 005 | 20220117014247.0 | ||
| 007 | cr nn 008mamaa | ||
| 008 | 100301s2007 gw | s |||| 0|eng d | ||
| 020 | |a 9783790817621 |9 978-3-7908-1762-1 | ||
| 024 | 7 | |a 10.1007/978-3-7908-1762-1 |2 doi | |
| 050 | 4 | |a HB1-846.8 | |
| 072 | 7 | |a KC |2 bicssc | |
| 072 | 7 | |a BUS000000 |2 bisacsh | |
| 072 | 7 | |a KC |2 thema | |
| 082 | 0 | 4 | |a 330 |2 23 |
| 100 | 1 | |a Fahrholz, Christian H. |e author. |4 aut |4 http://id.loc.gov/vocabulary/relators/aut | |
| 245 | 1 | 0 | |a New Political Economy of Exchange Rate Policies and the Enlargement of the Eurozone |h [electronic resource] / |c by Christian H. Fahrholz. |
| 250 | |a 1st ed. 2007. | ||
| 264 | 1 | |a Heidelberg : |b Physica-Verlag HD : |b Imprint: Physica, |c 2007. | |
| 300 | |a X, 155 p. |b online resource. | ||
| 336 | |a text |b txt |2 rdacontent | ||
| 337 | |a computer |b c |2 rdamedia | ||
| 338 | |a online resource |b cr |2 rdacarrier | ||
| 347 | |a text file |b PDF |2 rda | ||
| 490 | 1 | |a Contributions to Economics, |x 2197-7178 | |
| 505 | 0 | |a Setting the Stage -- The Core, the Crux, and the Costs Involved -- Exchange-Rate Policies in CEECs -- Game-Theoretic Analysis -- Empirical Analysis -- Conclusions. | |
| 520 | |a This work examines the political economy of exchange-rate policies in the context of the eastward enlargement of the eurozone. The analysis shows that prospective members of the EMU are likely to pass on some of the incurred Maastricht costs of convergence to the current EMU-members. The transmission mechanism is an altered exchange-rate policy that is carried out utilizing a "threaten-thy-neighbour"-strategy. The nature of the arising conflict between current and prospective EMU-members originates from both parties' admitted inclination to complete the enlargement process, complicated by their disinclination to bear the costs. The ensuing moral-hazard behaviour of the CEECs proves to be one of brinkmanship. The subsequent bargaining game results in a robust outcome most likely in terms of providing extra European funding. This may then ensure a stabilization of the CEECs' convergence toward the EMU, and a successful completion of eastward enlargement of the eurozone. | ||
| 650 | 0 | |a Economics. | |
| 650 | 0 | |a Macroeconomics. | |
| 650 | 0 | |a Europe-Economic integration. | |
| 650 | 0 | |a Econometrics. | |
| 650 | 0 | |a Economic policy. | |
| 650 | 1 | 4 | |a Economics. |
| 650 | 2 | 4 | |a Macroeconomics and Monetary Economics. |
| 650 | 2 | 4 | |a European Economic Integration. |
| 650 | 2 | 4 | |a Quantitative Economics. |
| 650 | 2 | 4 | |a Economic Policy. |
| 710 | 2 | |a SpringerLink (Online service) | |
| 773 | 0 | |t Springer Nature eBook | |
| 776 | 0 | 8 | |i Printed edition: |z 9783790822595 |
| 776 | 0 | 8 | |i Printed edition: |z 9783790817614 |
| 830 | 0 | |a Contributions to Economics, |x 2197-7178 | |
| 856 | 4 | 0 | |u https://doi.uam.elogim.com/10.1007/978-3-7908-1762-1 |z Texto Completo |
| 912 | |a ZDB-2-SBE | ||
| 912 | |a ZDB-2-SXEF | ||
| 950 | |a Business and Economics (SpringerNature-11643) | ||
| 950 | |a Economics and Finance (R0) (SpringerNature-43720) | ||