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The Future of the Euro Currency

Detalles Bibliográficos
Clasificación:Libro Electrónico
Autor principal: Lehmann, Paul-Jacques
Formato: Electrónico eBook
Idioma:Inglés
Publicado: Newark : John Wiley & Sons, Incorporated, 2019.
Temas:
Acceso en línea:Texto completo
Tabla de Contenidos:
  • Cover; Half-Title Page; Title Page; Copyright Page; Contents; Preface; Introduction; I.1. The purposes of money; I.1.1. Money as a tool for transactions; I.1.2. Money as a standard of values; I.1.3. Currency as a reserve of value; I.2. Evolution of the different media of money; I.2.1. The original materialization of money; I.2.2. The continuous dematerialization of money and its media; I.2.3. Consequences of the continued dematerialization of money and its media; I.3. Currency zones; I.3.1. The main currency zones throughout history; I.3.2. Definition of an optimum currency area
  • I.4. Outline of this book1. The Monetary Steps that Preceded the Introduction of the Euro; 1.1. The lack of a sustainable international monetary system; 1.1.1. From the gold standard to the gold exchange standard system; 1.1.2. The Bretton Woods international monetary system; 1.1.3. The International Monetary Fund (IMF), guarantor of the Bretton Woods Agreements; 1.1.4. The end of convertibility of the dollar and the instability of floating exchange rates; 1.2. From the Treaty of Rome to the Maastricht Treaty
  • 1.2.1. The lack of a monetary target at the beginning of the European Economic Community1.2.2. The Werner Plan and the temporary failure to establish an Economic and Monetary Union; 1.2.3. The Single European Act and the Delors Report; 1.2.4. The Maastricht Treaty; 1.3. Monetary experiences prior to the euro; 1.3.1. The snake in the tunnel; 1.3.2. The European Monetary System (EMS); 1.3.3. The European Monetary Cooperation Fund (EMCF); 1.3.4. The European Monetary Institute (EMI); 2. The Monetary Policy Decisions Facing the European Monetary Institute; 2.1. The central bank, Bank of Banks
  • 2.1.1. The original function of the lender of last resort2.1.2. The modern function of lender of last resort; 2.1.3. Controversy over the choice of body to control banking risks; 2.1.4. The limitations of the lender of last resort; 2.2. The central bank, a body responsible for monetary policy; 2.2.1. Conditions for implementing monetary policy; 2.2.2. The main objective of the fight against inflation; 2.2.3. Methods for achieving the objective of maintaining price stability; 2.2.4. Monetary policy tools; 2.3. The independence of the central bank; 2.3.1. Institutional independence
  • 2.3.2. Effective independence3. Monetary Policy Conducted by the European Central Bank; 3.1. The monetary policy in force when the euro was introduced; 3.1.1. The bodies responsible for European monetary policy; 3.1.2. Organization of payment and prudential control systems; 3.1.3. The choice of monetary policy objective; 3.1.4. Monetary policy tools; 3.1.5. Independence of the European Central Bank; 3.2. Developments in conventional monetary policy between 1999 and 2007; 3.2.1. Bank liquidity factors; 3.2.2. Interest rates; 3.2.3. Refinancing tools