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Monetary Union and Fiscal Stability

Language EnglishEnglish
Book Paperback
Book Monetary Union and Fiscal Stability Frank Bohn
Libristo code: 06889410
This book addresses the macroeconomic implications of a country's transition to a monetary union. By... Full description
? points 161 b
68.07 včetně DPH
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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.§

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