European Monetary Union and Exchange Rate Dynamics

New Approaches and Application to the Euro

Autori

• Paul J. J. Welfens

Parametri

• 176 pagine
• 7 ore di lettura

• Economia e affari
• Scienze politiche & Politica

Maggiori informazioni sul libro

The establishment of the European Central Bank (ECB) and the Euro in 1999 marked a significant shift in Europe's economic landscape, introducing a novel central banking institution unlike past monetary unions. Initially benefiting from low inflation and economic growth, the Euro faced a dramatic decline in value, losing 15% within 16 months. This volatility raised concerns about its competitiveness against major currencies like the US dollar and prompted discussions on theoretical frameworks, contrasting portfolio models with purchasing power parity.

Lingua: Inglese

Pubblicato: 2012

(In brossura)