Description: European Monetary Union and Exchange Rate Dynamics by Paul J.J. Welfens Estimated delivery 3-12 business days Format Paperback Condition Brand New Description The creation of the European System of Central Banks (ESCB) and the start of the Euro in 1999 are historical marks for Europe. while this should contribute to a Euro appreciation in the long run the short term exchange rate developments were in marked contrast as the new currency lost about 115 of its value within 16 months; Publisher Description The creation of the European System of Central Banks (ESCB) and the start of the Euro in 1999 are historical marks for Europe. With the start of the new currency and the ECB the world economy also is facing a major structural change and new challenges. In a historical perspective the European Monetary Union has the unique feature that a common new institution, the ECB, has been created. This is in marked contrast to the Scandinavian and the Latin Monetary Union (France, Italy, Belgium th and Switzerland) in the late 19 century which was a period in which national central banks were created in order to stabilize the respective national financial systems. In the starting year 1999 the European Central Bank had favorable conditions in the sense that low inflation rates and an economic upswing had coincided; while this should contribute to a Euro appreciation in the long run the short term exchange rate developments were in marked contrast as the new currency lost about 115 of its value within 16 months; while exchange rate volatility has not been unusual in the 1980s the continued and strong fall ofthe Euro vis-a-vis the US dollar, the pound, the Swiss franc and the Yen has raised concerns. The strong initial fall of the Euro has created some problems in establishing the new currency as a strong contender for the US dollar. Moreover, there are some theoretical challenges since the portfolio model offers a rather different message than the purchasing power parity. Author Biography Geboren 1957 in DA1/4ren, Studium der Volkswirtschaftslehre in Wuppertal, Duisburg und Paris, Promotion 1985, Habilitation 1989. Inhaber des Lehrstuhls fA1/4r Volkswirtschaftslehre - Schwerpunkt MakroAkonomische Theorie und Politik - an der Bergischen UniversitAt Wuppertal; PrAsident des EuropAischen Instituts fA1/4r Internationale Wirtschaftsbeziehungen (EIIW); Jean-Monnet-Professor fA1/4r EuropAische Wirtschaftsintegration; zuvor Distinguished Research Fellow am AICGS/The Johns Hopkins University, Professor an der UniversitAt MA1/4nster bzw. Potsdam, Visiting Alfred Grosser Professor Science Details ISBN 3642632289 ISBN-13 9783642632280 Title European Monetary Union and Exchange Rate Dynamics Author Paul J.J. Welfens Format Paperback Year 2012 Pages 161 Publisher Springer-Verlag Berlin and Heidelberg GmbH & Co. KG GE_Item_ID:140409289; About Us Grand Eagle Retail is the ideal place for all your shopping needs! With fast shipping, low prices, friendly service and over 1,000,000 in stock items - you're bound to find what you want, at a price you'll love! Shipping & Delivery Times Shipping is FREE to any address in USA. Please view eBay estimated delivery times at the top of the listing. Deliveries are made by either USPS or Courier. We are unable to deliver faster than stated. International deliveries will take 1-6 weeks. NOTE: We are unable to offer combined shipping for multiple items purchased. This is because our items are shipped from different locations. Returns If you wish to return an item, please consult our Returns Policy as below: Please contact Customer Services and request "Return Authorisation" before you send your item back to us. Unauthorised returns will not be accepted. Returns must be postmarked within 4 business days of authorisation and must be in resellable condition. Returns are shipped at the customer's risk. We cannot take responsibility for items which are lost or damaged in transit. For purchases where a shipping charge was paid, there will be no refund of the original shipping charge. Additional Questions If you have any questions please feel free to Contact Us. Categories Baby Books Electronics Fashion Games Health & Beauty Home, Garden & Pets Movies Music Sports & Outdoors Toys
Price: 66.85 USD
Location: Fairfield, Ohio
End Time: 2025-01-22T03:19:43.000Z
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Restocking Fee: No
Return shipping will be paid by: Buyer
All returns accepted: Returns Accepted
Item must be returned within: 30 Days
Refund will be given as: Money Back
ISBN-13: 9783642632280
Book Title: European Monetary Union and Exchange Rate Dynamics
Number of Pages: X, 161 Pages
Publication Name: European Monetary Union and Exchange Rate Dynamics : New Approaches and Application to the Euro
Language: English
Publisher: Springer Berlin / Heidelberg
Publication Year: 2012
Subject: Foreign Exchange, International / General, Public Policy / Economic Policy, Money & Monetary Policy
Item Height: 0.1 in
Item Weight: 9.8 Oz
Type: Textbook
Author: Paul J. J. Welfens
Subject Area: Political Science, Business & Economics
Item Length: 9.3 in
Item Width: 6.1 in
Format: Trade Paperback