منابع مشابه
Choosing the Regime: Macroeconomic effects of UK entry into EMU
The UK has to decide whether to join the other members of the EU in a monetary union. This choice depends in part on the outturns for the economy inside and outside EMU. The UK has chosen to target inflation, and this can involve some 'price level drift', whilst the ECB emphasises 'Price Stability' and would plan to reverse the drift in the price level that might be caused by external shocks su...
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This paper investigates the effect of European Monetary Union on the integration of the financial services industry within European using data on the announcements of M&A’s within the industry. We find some evidence that EMU has helped financial integration within the euro area. In addition, financial institutions in EMU countries became more active in initiating integration between EMU and non...
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We explore the welfare implications of several scal policies in an estimated two-country New Open Economy Macroeconomics (NOEM) model of the European Monetary Union (EMU). The model features incomplete nancial markets, home bias in nal consumption baskets and in input utilization. We rstly de ne the optimal policy. In addition to the optimal provision of public goods, the optimal policy inv...
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ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2002
ISSN: 1556-5068
DOI: 10.2139/ssrn.299297