rdf-syntax-grammar
mods:
  schema location: http://www.loc.gov/mods/v3 http://www.loc.gov/standards/mods/v3/mods-3-2.xsd
  title info:
    title: New Political Economy of Exchange Rate Policies and the Enlargement of the Eurozone
  name:
    name part: Fahrholz, Christian H.
    role:
      role term: creator
    role:
      role term: author.
  name:
    name part: SpringerLink (Online service)
  type of resource: text
  origin info:
    place:
      place term: gw
    date issued: 2007
    issuance: monographic
  language:
    language term: eng
  physical description:
    form: electronic
    form: electronic resource
    reformatting quality: access
    form: remote
    extent: X, 155 p. online resource.
  abstract: This work examines the political economy of exchange-rate policies in the context of the eastward enlargement of the eurozone. The analysis shows that prospective members of the EMU are likely to pass on some of the incurred Maastricht costs of convergence to the current EMU-members. The transmission mechanism is an altered exchange-rate policy that is carried out utilizing a "threaten-thy-neighbour"-strategy. The nature of the arising conflict between current and prospective EMU-members originates from both parties' admitted inclination to complete the enlargement process, complicated by their disinclination to bear the costs. The ensuing moral-hazard behaviour of the CEECs proves to be one of brinkmanship. The subsequent bargaining game results in a robust outcome most likely in terms of providing extra European funding. This may then ensure a stabilization of the CEECs' convergence toward the EMU, and a successful completion of eastward enlargement of the eurozone.
  table of contents: Setting the Stage -- The Core, the Crux, and the Costs Involved -- Exchange-Rate Policies in CEECs -- Game-Theoretic Analysis -- Empirical Analysis -- Conclusions.
  note: by Christian H. Fahrholz.
  subject:
    topic: Economics
  subject:
    topic: Management science
  subject:
    topic: Economic theory
  subject:
    topic: Macroeconomics
  subject:
    topic: European Economic Community literature
  subject:
    topic: Economic policy
  subject:
    topic: Economics
  subject:
    topic: Economics, general
  subject:
    topic: Macroeconomics/Monetary Economics//Financial Economics
  subject:
    topic: European Integration
  subject:
    topic: Economic Theory/Quantitative Economics/Mathematical Methods
  subject:
    topic: Economic Policy
  classification: HB71-74
  classification: 330
  related item:
    title info:
      title: Springer eBooks
  related item:
    title info:
      title: Contributions to Economics
  identifier: 9783790817621
  identifier: http://dx.doi.org/10.1007/978-3-7908-1762-1
  record info:
    record creation date: 100301
    record change date: 20151204150426.0
    record identifier: 978-3-7908-1762-1