Introduction of the euro and the monetary policy of the European Central Bank /
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| Author / Creator: | Hamori, Shigeyuki, 1959- |
|---|---|
| Imprint: | Singapore ; Hackensack, NJ : World Scientific Pub. Co., c2010. |
| Description: | xx, 199 p. : ill. ; 24 cm. |
| Language: | English |
| Subject: | |
| Format: | Print Book |
| URL for this record: | http://pi.lib.uchicago.edu/1001/cat/bib/7980459 |
Table of Contents:
- Preface
- About the Authors
- 1. History of the EU Monetary Union
- 1.1. Introduction
- 1.2. Various Experiments Toward Achieving the Monetary Union
- 1.2.1. Werner Report
- 1.2.2. Snake
- 1.2.3. European Monetary System (EMS)
- 1.3. Contents of the Monetary Union
- 1.3.1. Delors Report
- 1.3.2. Maastricht Treaty
- 1.3.3. EMI Report: The Changeover to the Single Currency
- 1.3.4. Amsterdam Treaty
- 1.4. EMI Roles
- 1.4.1. Establishment and Organization
- 1.4.2. Mission
- 1.4.3. Authority
- 1.5. Decision Process on State Participation in the Monetary Union
- 1.5.1. EMU Participation Criteria
- 1.5.2. Participation Criteria Fulfillment Conditions
- 1.5.3. EMU Member State Decision Process
- 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
- 2.3.1. Data
- 2.3.2. Demand for M1
- 2.3.3. Demand for M2
- 2.3.4. Demand for M3
- 2.4. Panel Data Analysis
- 2.4.1. Data
- 2.4.2. Demand for M1
- 2.4.3. Demand for M2
- 2.4.4. Demand for M3
- 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
- 3.4.1. Simple Taylor Rule
- 3.4.2. The Role of Long-term Interest Rate
- 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
- 4.4.1. Empirical Results with Cross-Section Independence
- 4.4.2. Empirical Results with Cross-Section Dependence
- 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
- 6.3.1. Data
- 6.3.2. Empirical Results
- 6.4. Panel Data Analysis
- 6.4.1. Data
- 6.4.2. Empirical Results
- 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. Bivariate System
- 8.3.1. Empirical Techniques
- 8.3.2. Empirical Results
- 8.4. Trivariate System
- 8.4.1. Empirical Techniques
- 8.4.2. Empirical Results
- 8.5. Some Concluding Remarks
- 9. Euro Area Enlargement
- 9.1. Introduction
- 9.2. Existing EU Member State Group
- 9.2.1. Greece
- 9.2.2. Denmark
- 9.2.3. The UK
- 9.2.4. Sweden
- 9.3. Accession Countries
- 9.4. EMU Participants
- 9.4.1. Slovenia
- 9.4.2. Cyprus
- 9.4.3. Malta
- 9.4.4. Slovakia
- 9.5. ERM II Participants
- 9.6. Countries that are not ERM II Participants
- 9.7. Outlook for the Future
- Appendix A. Panel FMOLS and Panel DOLS
- Bibliography
- Index
