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Overview"The dramatic evolution of financial markets in the 1980s and 1990s, accompanied by increasing institutional integration between nations (most notably in the EU), have fostered a widespread belief that governments - particularly those of small economies - have essentially lost the power to pursue sovereign, independent economic policies. At the same time, it is widely assumed that the loss of monetary-policy control is a major opportunity cost for a country adopting a rigid exchange-rate regime or, in the European context, for countries joining the EMU. This volume assesses the impact of monetary and financial integration on small ""open-economy"", ""policy-taking"" countries in western Europe." Full Product DetailsAuthor: Jens Forssbæck , Lars OxelheimPublisher: Edward Elgar Publishing Ltd Imprint: Edward Elgar Publishing Ltd Edition: illustrated edition ISBN: 9781843764458ISBN 10: 1843764458 Pages: 304 Publication Date: 19 December 2003 Audience: College/higher education , Professional and scholarly , Undergraduate , Postgraduate, Research & Scholarly Format: Hardback Publisher's Status: Active Availability: In Print This item will be ordered in for you from one of our suppliers. Upon receipt, we will promptly dispatch it out to you. For in store availability, please contact us. Table of ContentsReviews'Money Markets and Politics offers a bounty of comparative, cross-national statistics that document important money market developments in these eleven countries. The authors have gone to great lengths to present a consistent set of data over a broad range of areas, during a time of remarkable turmoil and change.' -- Jonathon W. Moses, Scandinavian Journal of Economic History 'This topical book is a valuable contribution, providing interesting and detailed analyses of the developments in financial, monetary and foreign exchange markets across countries, as well as more sophisticated sections that use empirical tools for exploration and modelling. The originality of the approach chosen for the analysis, the diversity of the topics covered and the breadth of the information collected are clearly the book's primary strength.' -- Natalie Chen, Transnational Corporations 'The book provides a lucid, painstaking, and insightful analysis of the potentiality for small European policy taking countries to conduct monetary policy independently in an era of globalising money markets.' -- Andrew W. Mullineux, SUERF Newsletter 'These eleven small, open economies teach us a great deal about the behaviour of money and financial markets. This volume sets the standard for investigating them. Any future serious work must take account of this book and build on it.' -- Richard J. Sweeney, Georgetown University, US 'With eastward expansion of the EU imminent, this book provides an excellent and timely assessment of the impact of monetary and financial integration on small open economy , policy taking countries in western Europe.' -- Andrew W. Mullineux, University of Birmingham, UK 'This volume is an original contribution to the literature on the benefits and costs of pursuing monetary and/or financial integration. The authors' analysis of small, open European economies casts doubts on the traditional conclusion that monetary integration can be explained primarily by economic factors. This book will be valuable to both academics and policy analysts.' -- Niels Thygesen, University of Copenhagen, Denmark 'Money Markets and Politics offers a bounty of comparative, cross-national statistics that document important money market developments in these eleven countries. The authors have gone to great lengths to present a consistent set of data over a broad range of areas, during a time of remarkable turmoil and change.' Author InformationJens Forssbæck, Researcher, Lund Institute of Economic Research, Lund University, Sweden and Lars Oxelheim, Professor, School of Business and Law, University of Agder (UiA), Kristiansand, Norway, Research Institute of Industrial Economics (IFN), Stockholm and Lund University School of Economics and Management (LUSEM), Lund, Sweden Tab Content 6Author Website:Countries AvailableAll regions |