European Monetary Union: An Application of the Fundamental Principles of Monetary TheoryThis 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. |
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Page 10
... Keynes's Clearing Union having the bancor as its anchor , applies to Post Keynesian thinking . Contrary to the views surveyed which have money acting as the standard of the system , Keynes accepted the money - wage as being more sticky ...
... Keynes's Clearing Union having the bancor as its anchor , applies to Post Keynesian thinking . Contrary to the views surveyed which have money acting as the standard of the system , Keynes accepted the money - wage as being more sticky ...
Page 176
... Post Keynesians and world monetary system No other economics text has stimulated so much research and on - going debate than Keynes's GT . A school of thought called Post Keynesian has developed further Keynes's ideas . [ 23 ] It takes ...
... Post Keynesians and world monetary system No other economics text has stimulated so much research and on - going debate than Keynes's GT . A school of thought called Post Keynesian has developed further Keynes's ideas . [ 23 ] It takes ...
Page 189
... Post - Keynesian approach to economics by Arestis ( 1992 ) provides a comprehensive analysis of the micro- foundations of the Post - Keynesian paradigm . 24. We have been unable to find a book or an article coherent enough to describe ...
... Post - Keynesian approach to economics by Arestis ( 1992 ) provides a comprehensive analysis of the micro- foundations of the Post - Keynesian paradigm . 24. We have been unable to find a book or an article coherent enough to describe ...
Contents
Treaty on economic and monetary union | 15 |
A monetarytheoretic approach to | 76 |
7 | 111 |
Copyright | |
9 other sections not shown
Common terms and phrases
anchor argued assets assumed assumption Bundesbank chapter Cipolla commodity money Community competitive confidence externalities convergence countries debt deficits demand determined economic effects efficiency equation equilibrium ESCB established European Monetary European Monetary System exchange rate expectations external economy fixed exchange rates function fund global growth H1 to H5 Hence Hicks income increase induced inflation instability instruments integration interdependence interest rate internalised investment Keynes Keynes's liquidity preference London marginal Member monetary institutions monetary policy monetary system monetary theory Monetary Union money externalities money process money supply national central banks Optimum Currency Areas parallel currency payments political price level externalities price stability private ECU production rate of interest reserves savings sector seigniorage seigniorage externalities service of availability single currency stage of EMU store of value systemic risk technological externalities theoretical theory of money Thygesen trade transaction costs Triffin Walras Walras's paper money