European Monetary Union and Exchange Rate Dynamics

New Approaches and Application to the Euro

Autor*innen

• Paul J. J. Welfens

Parameter

• 176 Seiten
• 7 Lesestunden

• Politikwissenschaft
• Wirtschaft

Mehr zum Buch

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.

• Sprache: Englisch
• Erscheinungsdatum: 2012
• Einband: Paperback