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OverviewThis volume aims to provide a comprehensive study concerned with the potential effects of fiscal policy on financial markets in the European Union. It takes into account the gradual liberalization of capital movements throughout Western Europe and the institutional framework of the European Monetary System. The author looks at the impact of budget deficits on interest rates, especially in relation to international financial integration and concludes that the increases in European budget deficits since the 1970s have raised interest rates in the long term throughout the Union. He argues that balanced budget deficits are necessary to maintain low interest rates. Full Product DetailsAuthor: Klaas H.W. KnotPublisher: Edward Elgar Publishing Ltd Imprint: Edward Elgar Publishing Ltd Weight: 0.387kg ISBN: 9781858984292ISBN 10: 1858984297 Pages: 224 Publication Date: 12 December 1996 Audience: College/higher education , Professional and scholarly , Undergraduate , Postgraduate, Research & Scholarly Format: Hardback Publisher's Status: Active Availability: To order  Stock availability from the supplier is unknown. We will order it for you and ship this item to you once it is received by us. Table of ContentsContents: 1. Introduction and Outline 2. Fiscal Policy: Theory, Determinants and Measurement 3. European Capital Markets: Deficit and Interest Rates 4. Deficit Announcements and Interest Rates in Germany 5. Interest Rate Differentials and Exchange Rate Policies in the European Monetary System 6. Fundamental Determinants of Interest Rate Differentials in the EMS 7. Summary and Conclusion Bibliography IndexesReviews'The literature survey nature of some of the chapters in the book will prove invaluable to final year and postgraduate students, as well as to researchers new to the fields of interest and exchange rate determination.' -- Bob Sedgewick, Economic Journal `The literature survey nature of some of the chapters in the book will prove invaluable to final year and postgraduate students, as well as to researchers new to the fields of interest and exchange rate determination.' -- Bob Sedgewick, Economic Journal Author InformationKlaas H.W. Knot, De Nederlandsche Bank, The Netherlands Tab Content 6Author Website:Countries AvailableAll regions |
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