Country adjustments within Euroland. Lessons after two years
نویسندگان
چکیده
منابع مشابه
Financial Market Integration in the US : Lessons for Europe ?
The introduction of the euro is expected to increase capital mobility in Euroland. While, as in the US, a common monetary policy is now performed, institutional structures are inherently more heterogenous. This paper argues that experience of the US with financial market integration can potentially serve as a benchmark for the integration effects. The paper finds that, despite the restrictions ...
متن کاملMoney demand in Euroland
This paper explores the determinants of alternative monetary aggregates in Euroland. A sample consisting of quarterly data covering the 1980:1–1998:4 period is considered. We are interested whether a conventionally defined money demand equation is stable in some aggregates as opposed to others. Both long-run and short-run relationships are considered in this paper. Overall, the results indicate...
متن کاملAging, Pensions and Long-term Care: What, Why, Who, How?; Comment on “Financing Long-term Care: Lessons From Japan”
Japan has been aging faster than other industrialized nations, and its experience offers useful lessons to others. Japan has been willing to expand its welfare state with a long-term care (LTC) insurance to finance home care and nursing home care for frail elderly. As Ikegami shows, it created new facilities and expanded specialized staffing for home care, developed a c...
متن کاملFor better or for worse: the euro and the CFA franc.
The effect of the single European currency on African economies is uncertain. Many agree that the euro, which will become the sole legal tender in 11 European countries (euroland) after June 30, 2002, will have an economic effect on the 14 African countries that use the CFA franc as their currency, but the direction of that effect is unknown. Currently, euroland and the CFA countries have clo...
متن کاملThe Challenge of Sustaining Long-term Care in Aging Societies: Lessons From Japan and Spain; Comment on “Financing Long-term Care: Lessons From Japan”
This article compares the provision of long-term care (LTC) in Japan and Spain, two countries with similar demographic structures but which address the provision of LTCs in very different ways. Both countries provide universal LTC. However, Japan has developed a generous benefit package of formal services for dependents to alleviate the care burden on the family, but provides no cash benefits. ...
متن کامل