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Titlebook: Asymmetric Monetary Transmission in Europe; Volker Clausen Book 2001 Springer-Verlag Berlin Heidelberg 2001 Business Cycle.European Centra

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期刊全称Asymmetric Monetary Transmission in Europe
影响因子2023Volker Clausen
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学科分类European and Transatlantic Studies
图书封面Titlebook: Asymmetric Monetary Transmission in Europe;  Volker Clausen Book 2001 Springer-Verlag Berlin Heidelberg 2001 Business Cycle.European Centra
影响因子The euro and the ESCB have started in January 1999 and there is naturally a wide-ranging interest in academia and among policymakers in OECD coun­ tries, how successful European Monetary Union will and can be. EMU has started with 11 countries and experienced a rapid depreciation of the cur­ rency. With so many EU countries joining for a historical monetary union in a period of economic globalization, international financial market changes and ongoing EU enlargement the problem of monetary policy efficiency becomes crucial; especially as so many countries in the EU still have high unemploy­ ment rates and the euro has just started at the beginning of a cyclical upswing in the euro zone. Monetary policy is also quite crucial, because the Maastricht convergence criteria severely restrict the scope of national fiscal policy. With a very limited stock of valuable European monetary experience which could be usefully exploited by the ECB and the ESCB respectively, one naturally will appreciate advanced economic modeling of the main issues. This book takes an analytical look at the problem of asymmetric monetary transmission in Euroland. Facing the ECB‘s monetary policy, individual mem­ b
Pindex Book 2001
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Financial Structure, Asymmetric National Money Demand Functions and the Stability of European Moneynear-money) assets offered by the national banking systems to the public and differences in the passthrough of central bank rates to deposit rates affect the portfolio allocation by the public. From the perspective of the ECB, these differences in national money demand functions are less important t
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Empirical Evidence on Asymmetric Monetary Transmission in Europe,o not easily map into differences in the overall strength of monetary transmission. This chapter reviews the empirical evidence on asymmetries in the . effects of monetary policy in Europe. In view of the importance for the ECB policy-making, numerous studies have produced a large and quickly growin
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Monetary Policy in an Era of Structural Change,mmon monetary policy by the ECB. The more the channels of transmission differ in strength and in dynamic profile the more likely cyclical asymmetries across the EMU member countries are to occur in response to the common monetary policy. In these circumstances it is almost inevitable that some count
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