{"product_id":"a-european-central-bank-perspectives-on-monetary-unification-after-ten-years-of-the-ems-paperback-9780521376235","title":"A European Central Bank?; Perspectives on Monetary Unification after Ten Years of the EMS (Paperback) 9780521376235","description":"\u003cfont face=\"Georgia\"\u003e\r\n\u003cp\u003e\u003cfont size=\"6\"\u003eA European Central Bank?\u003c\/font\u003e\u003cbr\u003e\r\n\u003cfont size=\"5\"\u003ePerspectives on Monetary Unification after Ten Years of the EMS\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cem\u003eThe papers in this volume analyse the issues of having a single European currency.\u003c\/em\u003e\u003c\/p\u003e\r\n\r\n\r\n\u003cp\u003e\u003cfont size=\"4\"\u003eMarcello De Cecco (Edited by), Alberto Giovannini (Edited by)\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e9780521376235, Cambridge University Press\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003ePaperback, published 25 May 1989\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e390 pages\u003cbr\u003e22.8 x 15.2 x 2.2 cm, 0.492 kg\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\r\n\u003cp align=\"justify\"\u003e\u003cem\u003e\u003cfont size=\"3\"\u003e\"...a substantive addition to the growing body of research on European monetary policy issues.\"   Finance and Development\u003c\/font\u003e\u003c\/em\u003e\u003c\/p\u003e\r\n\r\n\u003cp align=\"justify\"\u003e\u003cstrong\u003e\u003cfont size=\"3\"\u003eThis volume, based on a conference held by the Italian Macroeconomic Policy Group and the centre for Economic Policy Research, examines the issues raised by European monetary unification. An introduction describes recent monetary developments and identifies the motivations for creating a European central bank. Theoretical papers analyse the interactions of capital controls, financial intermediation and seigniorage in open economies; the optimal design of centralized banks of issue by sovereign countries; and some new aspects of the 'optimal currency area' question. The empirical papers provide new evidence and interpretation of inflation experience across Europe and the attitudes of European central bankers about inflation and unemployment. The historical papers describe the experience of currency unification in Germany and Italy in the 19th century and the creation of the US Federal Reserve System. The volume concludes with a panel discussion on the feasibility of European monetary unification, featuring leading academics and central bankers.\u003c\/font\u003e\u003c\/strong\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003eList of figures\u003cbr\u003e List of tables\u003cbr\u003e Preface\u003cbr\u003e List of conference participants\u003cbr\u003e 1. Does Europe need its own central bank? Marcello de Cecco and Alberto Giovannini\u003cbr\u003e 2. Monetary policy, capital controls and seigniorage in an open economy Allan Drazen\u003cbr\u003e Discussion Guillermo A. Calvo and Marco Pagano\u003cbr\u003e 3. Seigniorage in Europe Vittorio Grilli\u003cbr\u003e Discussion Rudiger Dornbusch and Luigi Spaventa\u003cbr\u003e Overview of chapters 2 and 3 Michael Bruno and Edmund S. Phelps\u003cbr\u003e 4. Factor mobility, uncertainty and exchange rate regimes Giuseppe Bertola\u003cbr\u003e Discussion William H. Branson, Fiorella Padoa Schioppa and Alan C. Stockman\u003cbr\u003e 5. Management of a common currency Alessandra Casella and Jonathan Feinstein\u003cbr\u003e Discussion Torsten Persson and Guido Tabellini\u003cbr\u003e 6. The tastes of European central bankers Carlo Carraro\u003cbr\u003e Discussion John Flemming and Alberto Giovannini\u003cbr\u003e 7. The costs and benefits of a European currency Daniel Cohen\u003cbr\u003e Discussion Alberto Alesina and Charles Wyplosz\u003cbr\u003e 8. The monetary unification process in nineteenth-century Germany: relevance and lessons for Europe today Carl-Ludwig Holtrerich\u003cbr\u003e Discussion Richard Portes\u003cbr\u003e 9. The establishment of a central bank: Italy in the nineteenth century Valeria Sannucci\u003cbr\u003e Discussion Charles Goodhart and Gianni Toniolo\u003cbr\u003e 10. The founding of the Fed and the destabilization of the post-1914 US economy Jeffrey A. Miron\u003cbr\u003e Discussion Marcello de Cecco and Barry Eichengreen\u003cbr\u003e 11. Panel discussion on the prospects for a European Central Bank Rainer S. Masera, Wolfgang Rieke, Massimo Russo and Niels Thygesen\u003cbr\u003e Index.\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003eSubject Areas: Monetary economics [\u003ca title=\"See our other books on Monetary economics\" href=\"https:\/\/freshlyprintedbooks.co.uk\/search?q=%22Monetary%20economics%20%5BKCBM%5D%22\"\u003eKCBM\u003c\/a\u003e]\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\u003c\/font\u003e","brand":"Cambridge University Press","offers":[{"title":"Default Title","offer_id":46006067855640,"sku":"9780521376235","price":34.99,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0730\/2037\/5320\/products\/9780521376235i_e8a8cf8e-7fe2-4f43-8a77-89fe0f2fb8fc.jpg?v=1691376030","url":"https:\/\/freshlyprintedbooks.co.uk\/products\/a-european-central-bank-perspectives-on-monetary-unification-after-ten-years-of-the-ems-paperback-9780521376235","provider":"Freshly Printed Books","version":"1.0","type":"link"}