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Author: Richard E. Baldwin Publisher: Centre for Economic Policy Research ISBN: 189812891X Category : Commerce Languages : en Pages : 126
Book Description
Annotation. "This report marshals the best available empirical evidence on the size and nature of the euro's pro-trade effects and groups the policy implications of these findings into two broad categories - lessons for potential joiners; and lessons for the euro area's current members and its economic management."--Jacket.
Author: Richard E. Baldwin Publisher: Centre for Economic Policy Research ISBN: 189812891X Category : Commerce Languages : en Pages : 126
Book Description
Annotation. "This report marshals the best available empirical evidence on the size and nature of the euro's pro-trade effects and groups the policy implications of these findings into two broad categories - lessons for potential joiners; and lessons for the euro area's current members and its economic management."--Jacket.
Author: Ms.Susan Schadler Publisher: International Monetary Fund ISBN: 9781589063709 Category : Business & Economics Languages : en Pages : 222
Book Description
Eight central and eastern European countries--the Czech Republic, Estonia, Hungary, Latvia, Lithuania, Poland, Slovak Republic, and Slovenia--officially joined the European Union (EU) in May 2004. This auspicious milestone marked the beginning of the next major step for these countries in their move toward full integration with the EU-adoption of the euro. Seeking to consider the opportunities and challenges of euro adoption, the papers in this volume--by a noted group of country officials, academics, representatives of international institutions, and market participants-offer insight on the various dimensions of euro adoption in these eight new EU members--how they should prepare, whether an early move is optimal, and what pitfalls may occur along the way.
Author: International Monetary Fund Publisher: International Monetary Fund ISBN: 1451814143 Category : Business & Economics Languages : en Pages : 121
Book Description
The paper addresses issues that arise in designing a framework for inflation targeting, with particular attention to features of the Bank of England's approach and experience. The comparison of welfare reform in the United Kingdom with similar efforts in other countries is discussed. The paper reviews the recent literature and empirical evidence on the main economic considerations influencing possible U.K. entry into the European Monetary Union (EMU). The U.K. labor market has undergone institutional and structural changes contributing to an increase in both aggregate and relative wage flexibility.
Author: Great Britain. Treasury Publisher: ISBN: Category : Business & Economics Languages : en Pages : 260
Book Description
This document details the Treasury's assessment of the five economic tests it has established in order for the Government to recommend UK entry into the European single currency in a referendum. The five tests seek to define whether a clear and unambiguous case for Economic and Monetary Union (EMU) entry can be made, relating to the following criteria: convergence; flexibility; investment; financial services; growth, stability and jobs. Overall, the Treasury assessment finds that the financial services test has been met, but that the tests for convergence, flexibility and employment have not yet been met. If sustainable and durable convergence is achieved, then it is likely that the investment test would be met. Therefore, it concludes that although the UK has made real progress towards meeting the five economic tests since 1997, and despite the risks and costs from delaying the benefits of joining, a clear and unambiguous case for UK membership of EMU has not yet been made. Therefore a decision to join now would not be in the national economic interest. (Please note that the Treasury has also published 18 background documents to inform the assessment of the Government's five economic tests for Economic and Monetary Union (EMU) entry into the euro area. These are available as a complete set (ISBN 0118490028) or as separate publications.)
Author: Alberto Alesina Publisher: University of Chicago Press ISBN: 0226012859 Category : Business & Economics Languages : en Pages : 477
Book Description
It is rare for countries to give up their currencies and thus their ability to influence such critical aspects of their economies as interest and exchange rates. Yet ten years ago a number of European countries did exactly that when they adopted the euro. Despite some dissent, there were a number of arguments in favor of this policy change: it would facilitate exchange of goods, money, and people by decreasing costs; it would increase trade; and it would enhance efficiency and competitiveness at the international level. A decade is an ideal time frame over which to evaluate the success of the euro and whether it has lived up to expectations. To that aim, Europe and the Euro looks at a number of important issues, including the effects of the euro on reform of goods and labor markets; its influence on business cycles and trade among members; and whether the single currency has induced convergence or divergence in the economic performance of member countries. While adoption of the euro may not have met the expectations of its most optimistic proponents, the benefits have been many, and there is reason to believe that the euro is robust enough to survive recent economic shocks. This volume is an essential reference on the first ten years of the euro and the workings of a monetary union.
Author: Tony Buxton Publisher: Routledge ISBN: 1134751842 Category : Business & Economics Languages : en Pages : 350
Book Description
This new and substantially revised edition of Britain's Economic Performance provides a unique assessment of the current state of the supply-side of the economy. Written by a team of highly experienced, policy oriented applied economists, this volume will be a valuable source of reference, analysis and guidance for students and policy-makers.
Author: Mr.Ruy Lama Publisher: International Monetary Fund ISBN: 1475511434 Category : Business & Economics Languages : en Pages : 52
Book Description
This paper evaluates the role of trade and financial linkages in the decision to enter a monetary union. We estimate a two-country DSGE model for the U.K. economy and the euro area, and use the model to compute the welfare trade-offs from joining the euro. We evaluate two alternative scenarios. In the first one, we consider a reduction of trade costs that occurs after the adoption of a common currency. In the second, we introduce interest rate spread shocks of the same magnitude as the ones observed during the recent debt crisis in Europe. The reduction of trade costs generates a net welfare gain of 0.9 percent of life-time consumption, while the increased interest rate spread volatility generates a net welfare cost of 2.9 percentage points. The welfare calculation suggests two ways to preserve the welfare gains in a monetary union: ensuring fiscal and financial stability that reduces macroeconomic country risk, and increasing wage flexibility such that the economy adjusts to external shocks faster.
Author: Tom Craig Publisher: Routledge ISBN: 1136375198 Category : Business & Economics Languages : en Pages : 696
Book Description
This new edition of Organisations and the Business Environment provides a completely revised, extended and updated edition of the original successful text. It provides contemporary and comprehensive coverage of the subject matter which is highly relevant to business and management students at undergraduate, postgraduate and professional levels. The text is written in a clear and concise style, illustrated with topical examples and data. Organisations and the Business Environment (second edition) comprises four sections: * Business Organisations ¡V discusses the evolution of organisational and managerial theories and concepts with particular emphasis on their relevance in the 21st century. The different types of organisations and their missions, visions, goals and objectives are examined. * The External Business Macro-Environment ¡V describes and considers the political, economic, socio-cultural, technological, ecological and legal influences on organisations, utilizing the PESTEL framework of analysis. This section includes a review of the internationalization of businesses and examines the role of GATT and the WTO, single markets and trading blocs. * The External Business Micro-Environment ¡V provides a review of the market system and the nature of supply and demand. Market structures are examined in the light of monopolistic regimes and working for competitive advantage. The impact of government intervention is explored via regulatory bodies, privatization, and nationalization programmes. * Business Management ¡V explores the major aspects of contemporary business organisations, including corporate governance and business ethics. In particular, this section tackles the areas of structure, culture, change, quality management and the principal functions of organisations. This textbook is a user-friendly resource with end of chapter questions, activities and assignments to consolidate learning. Its strong emphasis on topical examples enables students to understand how theory is applied in business contexts, including, GlaxoSmithKline, BT, Scottish and Newcastle, Hanson plc and a number of not-for-profit organisations. There is additional Tutor Resource material, including presentation slides, data charts, chapter summaries, questions and answers. "An excellent book...good use of learning objectives, questions and potential assignments." Paul Blakely, Lecturer, University College of Warrington.
Author: Richard E. Baldwin
Author: Richard E. Baldwin
Author: Ms.Susan Schadler
Author: 
Author: International Monetary Fund
Author: Great Britain. Treasury
Author: Alberto Alesina
Author: Tony Buxton
Author: Mr.Ruy Lama
Author: Elizabeth Barrett
Author: Tom Craig