Money Markets and Politics: A Study of European Financial Integration and Monetary Policy Options

Front Cover
E. Elgar, Jan 1, 2003 - Business & Economics - 290 pages
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.

What people are saying - Write a review

We haven't found any reviews in the usual places.

About the author (2003)

Jens Forssbęck, 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

Bibliographic information