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Saturday, April 25, 2020 | History

2 edition of On the feasibility of a one- or-multi speed European monetary union found in the catalog.

On the feasibility of a one- or-multi speed European monetary union

Alberto Alesina

On the feasibility of a one- or-multi speed European monetary union

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  • 27 Currently reading

Published by Centre for Economic Policy Research in London .
Written in English


Edition Notes

StatementAlberto Alesina and Vittorio Grilli.
SeriesDiscussion paper series / Centre for Economic Policy Research -- no.792, Discussion paper (Centre for Economic Policy Research) -- no.792.
ContributionsGrilli, Vittorio., Centre for Economic Policy Research.
The Physical Object
Pagination30p.
Number of Pages30
ID Numbers
Open LibraryOL19839780M

This paper addresses two questions: (1) Is a twelve-country monetary union in Europe feasible? (2) Can monetary union be achieved at multispeed, i.e., with a small group of countries going first. This paper explores the conditions under which aEuropean Monetary Union (EMU) is an optimum currencyarea. The scope for an EMU increases with theconvergence of structural and fiscal policies, smallmoney holdings, a conservative European Central Bank,and dependent national central banks. How nationalpolicies affect the rest of the union once the EMU hasbeen established is also investigated.


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On the feasibility of a one- or-multi speed European monetary union by Alberto Alesina Download PDF EPUB FB2

On the Feasibility of a One or Multi-Speed European Monetary Union Alberto Alesina, Vittorio Grilli. NBER Working Paper No. On the feasibility of a one- or-multi speed European monetary union book Issued in April NBER Program(s):International Finance and Macroeconomics This paper addresses two questions: (1) Is a twelve country monetary union in Europe feasible; (2) Can monetary union be achieved at multi-speed, i.e., with a rust group of countries Cited by: On the Feasibility of a One or Multi-Speed European Monetary Union Alberto Alesina, Vittorio Grilli.

NBER Working Paper No. Issued in April NBER Program(s):International Finance and Macroeconomics This paper addresses two questions: (1) Is a twelve country monetary union in Europe feasible; (2) Can monetary union be achieved at multi-speed, i.e., with a rust group of countries.

Downloadable (with restrictions). This paper addresses two questions: (1) Is a twelve-country monetary union in Europe feasible. (2) Can monetary union be achieved in stages, i.e. with an initial group of countries going first, and later admitting the others. After examining several politico-economic arguments concerning problems of feasibility of the union, we conclude with a fair amount of.

“On the Feasibility of a One-Speed or a Multi-Speed European Monetary Union.” Economics and Politics 5: Economics and Politics 5: Download CitationCited by: Additional Physical Format: Online version: Alesina, Alberto.

On the feasibility of a one or multi-speed European monetary union. Cambridge, MA: National Bureau of Economic Research, []. Our discussion of feasibility shed some light on the political economy of the recent (Fall of ) turmoil in the monetary system of Europe.

This paper addresses two questions: (1) Is a twelve country monetary union in Europe feasible; (2) Can monetary union be achieved at multi-speed, i.e., with a rust group of countries going first, and later admitting the others.

On the Feasibility of a One or Multi-Speed European Monetary Union. [Alberto Alesina; Vittorio Grilli; National Bureau of Economic Research.] -- Abstract: This paper addresses two questions: (1) Is a twelve country monetary union in Europe feasible; (2) Can monetary union be achieved at multi-speed, i.e., with a rust group of countries going.

On the Feasibility of a One or Multi-Speed European Monetary Union. By Alberto Alesina and Vittorio Grilli. Download PDF ( KB) Abstract.

This paper addresses two questions: (1) Is a twelve country monetary union in Europe feasible; (2) Can monetary union be achieved at multi-speed, i.e., with a rust group of countries going first, and later Author: Alberto Alesina and Vittorio Grilli.

On the Feasibility of a One- or Multi-Speed European Monetary Union. By Alberto F Alesina and Vittorio Grilli. Abstract. This paper addresses two questions: (1) Is a twelve-country monetary union in Europe feasible.

(2) Can monetary union be achieved in stages, i.e. with an initial group of countries going first, and later admitting the othersAuthor: Alberto F Alesina and Vittorio Grilli. On the feasibility On the feasibility of a one- or-multi speed European monetary union book a one- or multi-speed European Monetary Union.

By A. Alesina, V Grilli and London (United Kingdom) Centre for Economic Policy Research. Abstract. On the feasibility of a one- or-multi speed European monetary union book from British Library Document Supply Centre- DSC(CEPR-DP) / BLDSC - British Library Document Supply CentreSIGLEGBUnited Kingdo.

On the Feasibility of a One- or Multi-Speed European Monetary Union. August Our discussion of feasibility sheds some light on the political economy of the recent (Fall of ) turmoil. multispeed approach is less feasible than a one-speed process and (2) that the European Monetary Institute is an inefficient solution, due to its being dominated by national central bankers and by the conflict within the European Union between the core and periphery.

Somewhere between these two groups is Lisa L. Martin's "International and Domestic Institutions in the EMU Process.". Alesina A., Grilli V. [], On the Feasibility of a One OR Multi-speed European Monetary Union, in Eichengreen B., Frieden J. (eds), The Political Economy of European Monetary Unification, Boulder (Col.) Westview Press, p.

Artus P. [], Will monetary union be Author: Athena Yannis, Kostos Foscoulou. Downloadable. This paper addresses two questions: (1) Is a twelve‐country monetary union in Europe feasible.

(2) Can monetary union be achieved at multispeed, i.e., with a small group of countries going first, and later admitting the others. After examining several politico‐economic arguments concerning problems of feasibility of the union, we conclude with a fair amount of skepticism.

Alesina, A. and Grilli, V. () ‘On the Feasibility of a One-Speed or Multi-Speed European Monetary Union’, Economics and Politics, vol. 5, pp. – CrossRef Google ScholarCited by: 2. "On the Feasibility of a One- or Multi-Speed European Monetary Union," CEPR Discussion PapersC.E.P.R.

Discussion Papers. Alberto Alesina & Vittorio Grilli, " On the Feasibility of a One or Multi-Speed European Monetary Union," NBER Working PapersNational Bureau of.

On the feasibility of a one- or-multi speed European monetary union by Alberto Alesina 2 editions - first published in Not in Library. On the Feasibility of a One or Multi-Speed European Monetary Union', (). Power to the Poor Relation'.

Such a division would not be in the interest of those who are allowed in the monetary union, let alone of those who are left out. References Alesina. and V. Grit)i,On the feasibility of a one or multi-speed European Monetary Union, Working paper no.

(NBER. Cambridge. MA) Apri). Barro. and R. Gordon, iCited by: The Economic and Monetary Union (EMU) is an umbrella term for the group of policies aimed at converging the economies of member states of the European Union at three stages. The policies cover the 19 eurozone states, as well as non-euro European Union states.

w On the Feasibility of a One or Multi-Speed European Monetary Union: Froot and Rogoff: The EMS, the EMU, and the Transition to a Common Currency: Mayordomo, Pena, and Schwartz: w Towards a Common European Monetary Union Risk Free Rate: McCallum: w Theoretical Issues Pertaining to Monetary Unions.

Voting requirements, concessions, international side payments and the European Monetary Union. attempt to combine the two aspects in a median voter model of feasibility of a monetary union. Casella V. GrilliOn the feasibility of a one or multi-speed European monetary union.

Economics and Politics, 5 (), pp. Google by: 2. On the Feasibility of a One or Multi-Speed European Monetary Union By Alberto F. Alesina and Vittorio Grilli.

European Economic Review. Vol Issues 3–4, AprilPages Paper. Alternative strategies towards monetary union. Author links open overlay panel Paul De by: A concise summary ( words) of the main pros and cons of EMU and the Euro - covering economics, social issues, national soviergnty, etc.

Words 14 Pages On the 1st of January11 countries sat down and worked out the final details with regard to implementing 'Stage 3' of the Euro-Rollout. Monetary union expansion: The role of market power in trade On the Feasibility of a One-Speed or Multi-Speed European Monetary Union.

On the Feasibility of a One- or Multi-Speed European. Multi-speed Europe or two-speed Europe (called also "variable geometry Europe" or "Core Europe" depending on the form it would take in practice) is the idea that different parts of the European Union should integrate at different levels and pace depending on the political situation in each individual country.

Indeed, multi-speed Europe is currently a reality, with only a subset of EU countries. On the Feasibility of a One-Speed or Multi-Speed European Monetary Union. Economics and Politics 5 (2): – Alesina, Alberto, Nouriel Roubini, and Gerald D. by: On the Feasibility of a One or Multi-Speed European Monetary Union», ().

Operationalizing the Theory of Optimum Currency Areas». Evolving Ambitions in Europe’s Monetary Unification. On the Feasibility of a One- or Multi-Speed European Monetary Union. I intend this paper to serve as the introduction to my book in Author: Niels Thygesen.

This paper addresses two questions: (1) Is a twelve-country monetary union in Europe feasible. (2) Can monetary union be achieved in stages, i.e. with an initial group of countries going first Author: Claude Martin.

Establishing a central bank: issues in Europe and lessons from the US: The European central bank: reshaping monetary politics in Europe: European macroeconomics: Financial intermediation and monetary policies in the world economy: The "gold standard paradox" and its resolution: Integración financiera y monetaria europea.

Alesina, A., and V. Grilli, "On the Feasibility of a One or Multi-Speed European Monetary Union," NBER Working PaperApril Barro, R., and D.

Gordon, "A Positive Theory of Monetary Policy in a Natural Rate Model," Journal of Political Economy, Alesina, A. and Grilli, V. (): ‘On the Feasibility of a One or Multi-Speed European Monetary Union’, Economics and Politics, 5. Google Scholar Alesina, A., Londregan, J. and Rosenthal, H.

(): ‘A Model of the Political Economy of the United States’, American Political Science Review, Author: Carlos Usabiaga Ibáñez. Masson, eds., Establishing a central bank: Issues in Europe and lessons from the U.S. (Cambridge University Press, Cambridge) 60 P.R.

Lane / Economics Letters 53 () Aiesina, A. and V. Grilli,On the feasibility of a one or multi-speed European monetary union, Economics and Politics 5, Cited by: Abstract. This paper explores under what conditions a European Monetary Union (EMU) is an optimum currency area.

The scope for an EMU increases with convergence of structural and fiscal policies, small money holdings, a conservative European Central Bank, and dependent national central : R.M.W.J.

Beetsma and A.L. Bovenberg. Robert Mundell's pioneering theory of optimum currency areas is revisited, with experts from the IMF, the BIS, the European Investment Bank, academia, European think tanks, and the Bank of Israel looking at its current practical applications, especially in the context of the forthcoming European Economic and Monetary Union (EMU).

Robert Mundell himself offers an update to help in assessing the. Zastosowanie analizy zgodnosci ocen do oszacowania autostradowych przetargow (about the highway or freeway tendering process) On the Feasibility of a One- or Multi-Speed European Monetary.

Abstract. If European Monetary Union (EMU) commences as planned under the timetable and convergence criteria of the Maastricht treaty, a two-speed arrangement likely will by: 4. Coalition formation in international monetary policy games. Author links open in a number of ways and provides important insights into the feasibility of coalition formations and therefore the European Monetary Union.

Grilli, V., On the feasibility of a one- or multi-speed European Monetary Union, Discussion Paper SeriesCEPRCited by:. Alesina, A.

and Pdf, V. (). On the feasibility of a one-speed or multi-speed European Monetary Union. Economics and Politics 5: – Google ScholarCited by: 8. European Economic and Monetary Union (EMU): The European Economic and Monetary Union (EMU) combined the European Union member states into a cohesive economic system.

It is the successor to the.On the Feasibility of a One or Multi-Speed European Ebook Union NBER Working Paper No. w Number of pages: 40 Posted: 17 Oct Last Revised: 27 Mar