Monetary union
Can domestic debt contribute to the financing of the “Millennium Development Goals” ? The case of the West African Economic and Monetary Union (WAEMU)
... The answer is certainly specific to each country. We will be interested in the countries belonging to West African Economic and Monetary Union (WAEMU), i.e. Benin, Burkina Faso, Côte d’Ivoire, ...
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The effects of tax coordination on the tax revenue mobilization in West African Economic and Monetary Union (WAEMU)
... and Monetary Union (WAEMU) is the effective harmonization of national legislations at Community level notably tax ...the Union but the impact is different across ...
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On Financial Markets Incompleteness, Price Stickiness, and Welfare in a Monetary Union
... 6 Welfare costs/gains In this section, we measure the welfare costs or gains arising under alternative financial structures in a monetary union subject to asymmetric productivity shocks. We highlight (i) ...
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Employment and Social Policy since Maastricht: Standing up to Monetary Union
... the union central “continued to back EMU” (Martin and Ross, 1999: 349), describing it as a necessary step toward further integration and a way to keep the Germans - so key to the European project - ...slamming ...
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Insulation Impossible : Fiscal Spillovers in a Monetary Union
... Keywords: Monetary Union, Inflation tax, Seigniorage, monetary rules, public debt. JEL classifications: E31, E42, E58, E62. R´ esum´ e : Nous ´etudions les effets de r`egles de politique mon´etaires ...
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Does a Monetary Union protect against foreign shocks? An assessment of Latin American integration using a Bayesian VAR
... monetary policy frameworks. Since the seminal works of Nelson and Plosser (1982), most macroeconomic time series in level are considered unit root process. On the same sample, Nelson and Plosser, Perron (1989) ...
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Financial Sector Competition in West African Economic and Monetary Union
... it caused the banking crisis at the end of the 1980s and early 1990s [ Daumont et al. , 2004 ]. Following the financial distress, reforms were put in place by the monetary authorities. Insolvent banks were ...
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External Monetary Shocks and Monetary Integration: Evidence from the Bulgarian Currency Board
... CB monetary system, which involves the cost of loosing monetary autonomy, has provided a relatively better (with respect to other CEEC) monetary integration of Bulgaria with the European ...
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Monetary Dynamics in a Network Economy
... Figure 8: Short-run price level change as a function of the heterogeneity parameter ◊ for a fixed size of monetary shock s = ≠0.001. 5 Concluding thoughts More than 150 years ago, Thomas Tooke (1844, p. 85) ...
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Essays on monetary policy in emerging economies
... 2.2 Deeds vs words : the need for de facto exchange-rate regimes classification. Which economies have a floating exchange-rate and which ones have a stickier arrangement? This is a deceptively simple question. The basic ...
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Monetary policy as a source of uncertainty
... As noticed by Cagliarini and Heath ( 2000 ), interest rates tend to move in a sequence of steps in a given direction, or remain constant for some time, rather than experiencing the frequent reversals that commonly arise ...
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Financial Intégration, Comovements and Monetary policy
... "signatories will undertake the progressive abolition between themselves of all restrictions on the movements of capital belonging to persons resident in Member States". In May 1960, the European Economic ...
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Preference Heterogeneity in Monetary Policy Committees
... Ce cahier a également été publié par le Centre interuniversitaire de recherche en économie quantitative CIREQ sous le numéro 05-2007.. This working paper was also published by the Center[r] ...
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Monetary dynamics in a network economy
... Figure 11: Boxplot of maximum PCE after a monetary contraction with endogenous price- stickiness. Parameters: s = −0.001. 5.4 Structural change and the price puzzle As we have access to a single dataset on the ...
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Essays on optimal fiscal and monetary policies
... baseline monetary model and with the baseline calibration for the price stickiness parameter θ , under the optimal policy regime inflation rate is remarkably high and volatile over the business cycle, as Panel A ...
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Preference Heterogeneity in Monetary Policy Committees
... Abstract This short paper employs individual voting records of the Monetary Policy Com- mittee (MPC) of the Bank of England to study heterogeneity in policy preferences among committee members. The analysis is ...
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The monetary views of Paul Einzig
... Although the contemporaneous reader is frequently disappointed by the style of Einzig (few effort to synthesize the arguments, repetitions, lack of rigorous proofs, few illustrations. . . ), Einzig progressively escape ...
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Do monetary and non-monetary incentives influence environmental attitudes and behavior? Evidence from an experimental analysis
... of monetary and non-monetary measures to manage residential water ...different monetary and non-monetary incentives for managing water demand are offered to survey ...both monetary and ...
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INDIFFERENCIE : DROIT DE L'HOMME ET UNION EUROPEENNE
... l’arrêt Union des Footballeurs et autres du 21 février 2011, le Conseil d’Etat avait déjà retenu que l’ordonnance qui était attaquée n’avait pas pour objet la mise en œuvre du droit de l’Union et que dès lors la ...
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European Union, historians and censorship
... European Commission “will organize a public European hear- ing on crimes of genocide, crimes against humanity and war crimes committed by totalitarian regimes as well as those who publicly condone, deny, grossly distort ...
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