Euro and Economic Stability Focus on Central, Eastern and South-Eastern Europe
Produktdetaljer
Biografisk notat
Edited by Ewald Nowotny, former Governor, Oesterreichische Nationalbank, Peter Mooslechner, formerly Oesterreichische Nationalbank and Doris Ritzberger-Grünwald, Director, Oesterreichische Nationalbank, Austria‘The Euro and Economic Stability <i>sounds today like a question repeatedly asked in the EMU, in the countries aspiring to join it and in the whole region. This question is not only of academic, but also of practical importance. Distinguished contributors, both from academia and policymaking institutions, national and international, prove to us that the answer is not simple. Moreover, it depends on the initial exchange rate regime of a country and on the importance of euro (and other foreign currencies) for domestic financial markets. Reading this book, thus, gives a much better understanding how complex are all possible links between the euro and economic stability.’</i>
- Marek Belka, President of the National Bank of Poland,
Policymakers and economists provide relevant lessons from euro area divergences for future euro area members and, more generally, from the financial crisis, while banking representatives discuss post-crisis business models of banks in the area. Last but not least, a theoretical introductory chapter fills the gap between mainstream macroeconomic modelling and real-world decision-making.
he prime audience for this invaluable book will be economists and other experts in the fields of economic policy and European integration from central, commercial and investment banks, governments, international organizations, universities and research institutes. The book is also aimed at readers with a particular interest in the contributions' special regional focus: Central, Eastern and South-Eastern Europe.