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This is an EXACT reproduction of a book published before 1923. This IS NOT an OCR'd book with strange characters, introduced typographical errors, and jumbled words.This book may have occasional imperfections such as missing or blurred pages, poor pictures, errant marks, etc. that were either part of the original artifact, or were introduced by the scanning process. We believe this work is culturally important, and despite the imperfections, have elected to bring it back into print as part of our continuing commitment to the preservation of printed works worldwide. We appreciate your understanding of the imperfections in the preservation process, and hope you enjoy this valuable book. ... Read more

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Customer Reviews (2)

finally a book on the euro
Given the global turbulence of the last year, especially in the f/x markets its great to read about the Euro after seeing 1000 books on the dollar and someone's not so new perspective on it. This book goes through the history and evolution of how the currency was formed, its many iterations over time, and the different personalities that shaped the ECB politics, priorities and eventual mechanics.

The Euro and the ECB have obviously been evolving over their history, in particular over the last year as turbulence overwhelmed economics and in particular central banks macroeconomic models about factors of growth and trade and counterparty fear manifestations.This book does well to describe the conservativeness and aggressiveness of the members separately and their power and bargaining power in setting up a cross country currency regime.It gives insight into the way that the Euro was less quick to move than other central banks.This is probably unsurprising to most as the ECB constraints were pretty well known, focusing on inflation alone, but the origin of the tensions and fears that made the ECB mandate more narrow are all described in this book.

I am sure that more books on the Euro will follow, but this was very informative and gave a good sense of the history and politics of the bank and the countries within.It was interesting for both refreshing some of the personalities of former politicians and their parts played in sometimes constructing, sometimes delaying the eventual currency unification.

THE EURO from David Marsh
David Marsh knows Europe wrote a excellent book about the NewUnited Europe & common currency. ... Read more

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In 1989 the post-Communist countries of Eastern Europe opened their economies by establishing more open exchange rate policies and exchange controls and eliminating prohibitive tariffs and quotas. Now trying to join the integrated world economy, they are facing the challenge of finding strategic alliances and attracting foreign capital. This book analyzes economic policy in Eastern Europe with a focus on the financial arrangement of currency boards. It examines the main challenges facing East European countries, their economic policy strategies, the main challenges to the economies that adopted currency boards, and whether currency boards were a solution. ... Read more

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Provides in-depth information about the complex conversions that will be incorporated into information systems, including coverage of key topics such as triangulation, avoiding rounding errors, the effect on price points, and converting historical data.Softcover.CD-ROM included. DLC: Euro--Data processing. ... Read more

Customer Reviews (3)

An essential guide
Replacing European currencies with the euro has been a political decision, but euroland businesses now face their own decision-making process to ensure pricing, accounting and information systems are euro-compliant by2002. Patrick O'Beirne's encyclopaedic new book raises the questionsbusinesses need to ask themselves and offers solutions in terms ofpractical business strategies. Not only is this an essential guide for theinformation systems specialist introducing company-wide data, andthe

accountant tackling problems of conversion, it will help otherbusinesses disciplines recognise the impact euro conversion will have ontheir activities too.

Covers both the business and technical implications
The Euro is an interesting example of an important kind of project, which can be termed a 'mass update project.' The Euro, like the Year 2000, requires updates to thousands of applications at the same time.PatrickO'Beirne's new book is of great interest to the software and projectmanagement communities. It discusses many aspects of the Euro, and coversboth the business and technical implications.U.S. managers and executiveswill find the book very useful as a primer on the Euro itself, and as aguide to how to handle mass update projects.

A must have book for those planning their own emu conversion
Patrick O'Briene's book fills a critical need at a critical time.If you think Y2K was difficult,the IT side of the euro is far more complicated, intertwined as it is with all the essential parts of a business - fromaccounts to marketing and sales.Yet there are a great many businessopportunitiesfrom euro conversion as well as many, many traps into whichthe unwary can fall. Read Patrick's book if you want gain some realinsights into this change and save yourself a lot of time 're-inventing'your own wheel. ... Read more

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This volume explores life once Europe shares the same currency.Some of the best European and American economists use available theories and data, including historical evidence, to look at the operation of monetary and fiscal policy, at the effects of shocks and at the international role of the euro.The book will serve as the reference for understanding the early challenges of EMU. Kenneth Rogoff (Princeton University) discusses the role of the EU in the world's underground economy, suggesting that it is quite plausible for approximately one-half of euro currency to be held outside the legal domestic economy of Europe, and this is fostered by the plan of issuing large euro denomination notes.Barry Eichengreen (University of California, Berkeley) and Charles Wyplosz (Graduate Institute of International Studies, University of Geneva) analyze whether a Stability Pact is really needed in order to underpin EMU, provide new evidence on whether the Pact will reduce financial contagion, and assess how much the ceiling on budget deficits will exacerbate normal cyclical recessions. Antonio Fatés (INSEAD, Fontainebleau) examines the correlation and persistence of shocks, and their implications for potential fiscal flows within EMU.He argues that the benefits that a European-wide fiscal federation would add to the output smoothing that individual countries can achieve via their own fiscal policy do not compensate the costs associated with its implementation. Rudiger Dornbusch (MIT), Carlo Favero (IGIER, Universita Bocconi) and Francesco Giavazzi (IGIER, Universita Bocconi) challenge previous estimates of asymmetries in monetary transmission across potential EMU members, relate their new estimates of asymmetry to differences in financial structure, and discuss implications for a common monetary policy in EMU. Richard Portes (London Business School) and Hélène Rey (Centre for Economic Performance, LSE) examine whether the euro will displace the US dollar as the world's leading currency.Looking at synergies between financial and foreign exchange markets, they conclude that the most likely ultimate outcome is a bipolar world, where the euro and the dollar share leadership. Marc Flandreau (OFCE, Paris), Jacques Le Cacheux (OFCE, Paris) and Frédéric Zumer (Service d'Étude de l'Activitie Economique, Paris) ask if there are lessons to be learnt from the Gold Standard period when all currencies were 'permanently' tied to gold, yet there were no policy rules similar to the Stability Pact. They find that numerous countries at the periphery of Europe were forced to suspend convertibility in the wake of serious public debt build-ups in the mid-1890s, but that once they re-entered, fiscal discipline was strictly enforced. Maurice Obstfeld and Giovanni Peri (both at University of California, Berkeley) use regional data to document how slowly regions within European countries respond to shocks, discuss consequent pressures for fiscal transfers, and assess the extent to which EMU exacerbates these problems. ... Read more

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This volume reviews and assesses the recent economic and policy debate, focusing specifically on the functioning of monetary union. ... Read more

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Currency Crises in Emerging Markets, prepared byWarsaw-based Center for Social and Economic Research (CASE), discussesvarious aspects of currency crises in emerging-market economies: Thedefinitions and theoretical models of currency crises, the causes,management and propagation (contagion effect) of crises, theireconomic, social and policy consequences, the role of internationalfinancial institutions, and crisis prevention. In addition, five casestudies of currency crises in Central and Eastern Europe arepresented. Thirteen papers offer a fresh empirical perspective and arguments tothe ongoing policy debate on the causes of currency crises and theireconomic, social and political consequences. While most recentempirical studies have focused on Latin America and Asia, the mainobjective of this volume is to expand this analysis to the transitioncountries of Central and Eastern Europe and the former Soviet Union.Although a number of transition economies experienced episodes ofcurrency crashes and financial instability in late 1990s, theirexperience has been less closely examined in the literature than thatof Mexico, Argentina and Korea. Using this additional empirical inputthe existing theoretical models and accumulated empirical observationshave been re-examined, and policy conclusions and recommendationsproposed by other authors re-evaluated. ... Read more

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Many theoretical and empirical analyses have been put forward to explain currency crises, but this book is unique in providing an extensive perspective and a comprehensive view of the field.

André Fourçans and Raphaël Franck assert that models concerning the outbreak and the propagation of currency crises share many similarities and may therefore be studied together. Theoretical developments in the currency crises literature lead to three distinct types of models. The authors focus on these first, second and third-generation models of currency crises and also discuss the role of the international financial system in preventing currency crises.

Appealing to graduate students, academics and researchers in international economics, this book is a must have for those interested in learning about currency crises and the evolution of currency crises research. ... Read more

Product Description
This digital document is an article from World Economic Outlook, published by International Monetary Fund on May 1, 1992. The length of the article is 2495 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.

Citation Details
Title: The Maastricht agreement on economic and monetary union. (European community)
Publication: World Economic Outlook (Magazine/Journal)
Date: May 1, 1992
Publisher: International Monetary Fund
Page: p52(4)

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This study applies five basic economic principles to the reasons underlying European economic and monetary union. It aims to explain why EMU was agreed to; when it would be realized; how the monetary unit would be established; which means should implement it; and what purpose it should serve. ... Read more

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This digital document is a journal article from Explorations in Economic History, published by Elsevier in 2005. The article is delivered in HTML format and is available in your Amazon.com Media Library immediately after purchase. You can view it with any web browser.

Description:
Fixed exchange rate regimes can be regarded as a ''rule with escape clauses,'' allowing the monetary authorities to temporarily suspend convertibility and enact a discretionary policy only under well-understood contingencies, such as wartime emergencies and financial panics. Seen from this perspective, adherence to the specie convertibility rule enables peripheral countries to establish credibility of the nation's economic policy and, thus, to obtain access to the core countries' capital markets. An example of a peripheral country is Greece during the 19th and early 20th centuries. The evidence assembled in the paper suggests that Greece tried very hard to adhere to ''good housekeeping rules.'' ... Read more

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This digital document is an article from Atlantic Economic Journal, published by Atlantic Economic Society on December 1, 2000. The length of the article is 3232 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.

Citation Details
Title: Generalized Purchasing Power Parity and the Case of the European Union as a Successful Currency Area.(Statistical Data Included)
Author: David J. Bernstein
Publication: Atlantic Economic Journal (Refereed)
Date: December 1, 2000
Publisher: Atlantic Economic Society
Volume: 28Issue: 4Page: 385

Article Type: Statistical Data Included

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This books analyses in four parts some of the major aspects of the unique architecture of the Economic and Monetary Union (EMU) of the European Union. The first part deals with the problems of the institutional set-up of the EMU: the legal position of the European Central Bank; the excessive reserves in the Euro system; the "Maastricht conformity” of the public undertakings.The asymmetric architecture of the EMU (centralised monetary policy and decentralised fiscal policy; policy coordination; the stability and growth pact) is analysed in part two.The third part covers the monetary aspects of the EMU: the monetary policy of the ECB; the technical aspects of the specific payment system in the ESCB; the role of the Euro as an international currency and the explanations of its weakness. The concluding part looks at the problems connected with EU enlargement: are the candidate countries really ready for the EMU (degree of business cycle conformity); the problems of the banking system in the CEECs. ... Read more

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This digital document is an article from Finance & Development, published by International Monetary Fund on September 1, 1992. The length of the article is 3509 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.

From the supplier: The Dec 1991 meeting of European heads of state and government in Maastricht, Netherlands led to the development of a framework for the economic and monetary union of the EC. Under the Maastrict Treaty, the European Monetary Union (EMU) would be reached in three phases. The first two would require EC member nations to harmonize their economies in terms of inflation, interest rates, exchange rate stability and fiscal sustainability. The third phase requires countries that have successfully undergone the first two stages to adjust exchange rates and to issue a single currency. However, the Maastricht Treaty alone cannot ensure monetary and price stability. The stabilization of price, for instance, depends largely on how well stability-oriented monetary and fiscal policy will be received by the Europeans.

Citation Details
Title: A single currency for the European Community.
Author: Karl Habermeier
Publication: Finance & Development (Magazine/Journal)
Date: September 1, 1992
Publisher: International Monetary Fund
Volume: v29Issue: n3Page: p26(4)

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This digital document is an article from Atlantic Economic Journal, published by Atlantic Economic Society on September 1, 1994. The length of the article is 3238 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.

From the author: This paper explores the question of how national fiscal policies could be conducted within the European Monetary Union. The discussion touches upon this issue in relation to the theory of optimum currency areas; presents the debt sustainability issue in the context of a monetary union; examines briefly the determinants of debt dynamics; and interprets the restraints imposed on national fiscal policies by the Maastricht Treaty. The tentative conclusion is that the creation of the EMU will be associated with smaller size national government sectors.

Citation Details
Title: Fiscal discipline in the European Monetary Union.
Author: George D. Demopoulos
Publication: Atlantic Economic Journal (Refereed)
Date: September 1, 1994
Publisher: Atlantic Economic Society
Volume: v22Issue: n3Page: p1(7)

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This digital document is an article from Chief Executive (U.S.), published by Chief Executive Publishing on April 1, 1998. The length of the article is 2057 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.

From the supplier: The Asian economic crisis dominated the discussions during the 1998 World Economic Forum. The talks were in contrast to the previous year's consensus that the region was the 'hot growth area' and would remain so in the coming years. The participants now see North America and Europe as the most attractive economies. The meeting, which was attended by more than 1,000 business leaders, senior economic and finance ministers, scientists and journalists, also focused on the future of the European Monetary Union (EMU). The participants were optimistic about the single European currency and expressed their confidence that the EMU will be launched as scheduled on Jan 1, 1999 because of the determination of European leaders.

Citation Details
Title: Euro-tunnel vision. (introduction of European single currency)
Author: J.P. Donlon
Publication: Chief Executive (U.S.) (Magazine/Journal)
Date: April 1, 1998
Publisher: Chief Executive Publishing
Issue: n133Page: p24(4)

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This digital document is an article from National Institute Economic Review, published by National Institute of Economic and Social Research on October 1, 1996. The length of the article is 1651 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.

From the supplier: The rush to establish a European monetary union is feared to result in unwise decisions and unresolved issues. For one, some countries may set their exchange rates and adopt a common monetary policy without having accomplished convergence and before inadequacies have been resolved. One other key concern is the upward trend of unemployment within the European Union and the disparity in levels. These and other fundamental issues need to be resolved to make the monetary union a viable endeavor.

Citation Details
Title: The risks in rushing EMU's fences. (European Monetary Union)
Author: John Arrowsmith
Publication: National Institute Economic Review (Refereed)
Date: October 1, 1996
Publisher: National Institute of Economic and Social Research
Issue: n158Page: p3(2)

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This digital document is an article from Business Economics, published by The National Association for Business Economists on January 1, 2005. The length of the article is 4961 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.

Citation Details
Title: Key issues for monetary policy: an ECB view; The ECB must provide a foundation of stability that withstands the forces of structural change.(European Central Bank )
Author: Jean-Claude Trichet
Publication: Business Economics (Refereed)
Date: January 1, 2005
Publisher: The National Association for Business Economists
Volume: 40Issue: 1Page: 22(7)

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This digital document is an article from National Underwriter Property & Casualty-Risk & Benefits Management, published by The National Underwriter Company on May 25, 1998. The length of the article is 874 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.

Citation Details
Title: EU Seen Blurring National Industries.(effect of European Monetary Union on insurance industry)
Author: J0hn Jennings
Publication: National Underwriter Property & Casualty-Risk & Benefits Management (Magazine/Journal)
Date: May 25, 1998
Publisher: The National Underwriter Company
Volume: v102Issue: n21Page: p25(1)

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