Titlebook: Ideas for the Future of the International Monetary System; Michele Fratianni,Dominick Salvatore,Paolo Savona Book 1999 Springer Science+Bu

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書目名稱Ideas for the Future of the International Monetary System影響因子(影響力)學科排名




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書目名稱Ideas for the Future of the International Monetary System網(wǎng)絡公開度學科排名




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Overview: 978-1-4419-5077-2978-1-4757-5450-6

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Money Markets and Poliarchic Democratic StatesThis paper deals with legal and institutional issues that arise from the formation of Economic and Monetary Union. The latter implies a transfer of power from the state to the metastate apparatus of the European Union. Integration in the European Union cannot be completed without a new constitutional structure.

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In Memory of Guido Carlis, Carli (., Rome, Laterza, 1993, p. 40) recalls: “What we inherited in 1945 was a shattered, incoherent system of bilateral relations. A decisive step forward on the road to ‘multilateralism’ was the creation of the ‘payment agreements.’ I worked hard in my Via dell’Umiltà office, writing what was later ratified by governments.”

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Comments on the Papers by Salvatore, Hamada, Capie, Fratianni et al., and Von Hagen and Fenderng a story of the main changes and challenges that we are likely to face in the future international monetary system. I will then use that story to make links with the five papers, thereby also demonstrating that I read the papers.

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Comments on the Papers by Melitz et al., Eichengreen, Fratianni and Hasukrecht, Savona and Maccario, then come to a more focused discussion of the euro and the European Central Bank (ECB). I will discuss the papers as I go along, drawing on their results to emphasize my points. I would also like occasionally to refer to the Nordic and Asian crises.

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