Varieties of Monetary Reforms

Lessons and Experiences on the Road to Monetary Union
1994
ISBN: 978-0-7923-9474-7
Verlag: Springer US

Buch, Englisch, 385 Seiten, HC runder Rücken kaschiert, Format (B × H): 160 mm x 241 mm, Gewicht: 1640 g

In a single volume, this book treats the theoretical, empirical, and case studies approaches to the implementation of monetary reforms and discusses specific countries' experiences with these approaches. The analyses are not restricted to central bank or exchange rate reforms, but consider all the principal tools of monetary reforms in this volume.
The first section surveys and examines the types of monetary reforms. The second and third sections examine the pros and cons of exchange rate management and central bank independence. The final section of the book presents case studies on monetary and central bank experiences in Germany, the United States, Canada and Hungary.

Zielgruppe

Research

Autoren/Hrsg.

Siklos, Pierre L.

Fachgebiete

• Wirtschaftswissenschaften Finanzsektor & Finanzdienstleistungen Unternehmensfinanzierung
• Wirtschaftswissenschaften Volkswirtschaftslehre Volkswirtschaftslehre Allgemein Geldwirtschaft, Währungspolitik
• Wirtschaftswissenschaften Volkswirtschaftslehre Volkswirtschaftslehre Allgemein Makroökonomie
• Wirtschaftswissenschaften Finanzsektor & Finanzdienstleistungen Bankwirtschaft
• Wirtschaftswissenschaften Betriebswirtschaft Unternehmensfinanzen Finanzierung, Investition, Leasing
• Wirtschaftswissenschaften Volkswirtschaftslehre Internationale Wirtschaft Entwicklungsökonomie & Emerging Markets
• Wirtschaftswissenschaften Volkswirtschaftslehre Internationale Wirtschaft Internationaler Handel

Inhaltsverzeichnis

I — Surveys.- 1 “Varieties of Monetary Reforms”.- 2 “Optimal Currency Areas: A Fresh Look at the Traditional Criteria”.- II — Exchange rate Management.- 3 “Exchange Rate Pegging as a Disinflation Strategy: Evidence from the European Monetary System”.- 4 “How Much to Commit to an Exchange Rate Rule: Balancing Credibility and Flexibility”.- III — Central Bank Independence.- 5 “Central Bank Dependence and Inflation Performance: An Exploratory Data Analysis”.- 6 “Political Effects on Central Bank Behaviour: Some International Evidence”.- 7 “Reputation, Central Bank Independence and the ECB”.- 8 “An Institutional Analysis of the Proposed European Central Bank with Comparisons to the U.S. Federal Reserve System”.- IV — Country Studies.- 9 “Monetary Union and Monetary Policy: A Review of the German Monetary Union”.- 10 “Designing a Central Bank in a Federal System: The Deutsche Bundesbank, 1957–1992”.- 11 “Rules, Discretion, and Central Bank Independence: The German Experience, 1880–1989”.- 12 “The Origins of the Monetary Union in the United States”.- 13 “On the Coyne-Rasminsky Directive and Responsibility for Monetary Policy in Canada”.- 14 “Crippled Monetary Policy in Transforming Economies: Why Central Bank Independence Does Not Restore Control”.