Introduction of the euro and the monetary policy of the European Central Bank / Shigeyuki Hamori, Naoko Hamori.

Format:

Book

Author/Creator:

Hamori, Shigeyuki, 1959-

Contributor:

Hamori, Naoko.

Language:

English

Subjects (All):

Monetary policy--European Union countries.

Monetary policy.

Eurozone.

European Central Bank.

Physical Description:

1 online resource (xx, 199 p. ) ill.

Edition:

1st ed.

Place of Publication:

Singapore ; Hackensack, NJ : World Scientific Pub. Co., c2010.

Language Note:

English

Summary:

The work evaluates the policy problem of the Euro area from various fields, such as monetary, fiscal and exchange rate policy, and applies recently developed econometric techniques to empirical analysis.

Contents:

1. History of the EU Monetary Union. 1.1. Introduction. 1.2. Various experiments toward achieving the Monetary Union. 1.3. Contents of the Monetary Union. 1.4. EMI roles. 1.5. Decision process on state participation in the Monetary Union. 1.6. General overview

2. Empirical analysis of the money demand function in the Euro area. 2.1. Introduction. 2.2. Model. 2.3. Aggregate data analysis. 2.4. Panel data analysis. 2.5. Some concluding remarks

3. Monetary policy rule of the European Central Bank. 3.1. Introduction. 3.2. The Taylor rule. 3.3. Data. 3.4. Empirical results. 3.5. Some concluding remarks

4. Empirical analysis of the term structure of interest rates in the presence of cross-section dependence. 4.1. Introduction. 4.2. Model. 4.3. Data. 4.4. Empirical results. 4.5. Some concluding remarks

5. Are budget deficits sustainable in the Euro area? 5.1. Introduction. 5.2. Model. 5.3. Data. 5.4. Empirical results. 5.5. Some concluding remarks

6. Yield spread and output growth in the Euro area. 6.1. Introduction. 6.2. Models. 6.3. Aggregate data analysis. 6.4. Panel data analysis. 6.5. Some concluding remarks

7. International capital flows and the Feldstein-Horioka paradox. 7.1. Introduction. 7.2. Data. 7.3. Empirical model. 7.4. Empirical results. 7.5. Sub-sample analysis. 7.6. Some concluding remarks

8. Nominal and real exchange rate fluctuations : Euro, US dollar, and Japanese yen. 8.1. Introduction. 8.2. Data. 8.3. Bivarate system. 8.4. Trivariate system. 8.5. Some concluding remarks

9. Euro area enlargement. 9.1. Introduction. 9.2. Existing EU member state group. 9.3. Accession countries. 9.4. EMU participants. 9.5. ERM II participants. 9.6. Countries that are not ERM II participants. 9.7. Outlook for the future.

Notes:

Bibliographic Level Mode of Issuance: Monograph

Includes bibliographical references (p. 187-196) and index.

ISBN:

9786612757600

9781282757608

1282757601

9789812838438

9812838430

OCLC:

730228219