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Regional Monetary Policy

Authors: Carlos Javier Rodriguez Fuentes Publisher: Taylor and Francis Publication date: 2005 Publication language: Angielski Number of pages: 205 Publication formats: EAN: 9781134336951 DOI: 10.4324/9780203022191 ISBN: 9781134336951 Category: Monetary economics Publisher's index: 9780203022191 Bibliographic note: -

Description

With the final phase of the European Monetary Union underway, concern has been raised over the regional implications of the European Central Bank (ECB) Monetary Policy. Departing from the standard approach utilized by the ECB, this book provides a comprehensive theoretical framework to explore the ways through which money and monetary policy may affect regions.



Carlos Rodriguez Fuentes, the rising star of Spanish economics, has produced a work of impressive clarity which analyzes the effects of regional monetary policy - with particular reference to European Monetary Union. Here, he examines the role that the banking system and the liquidity preference of economic agents play in the transmission of central banks monetary policy decisions to regions within a country or countries within a currency union. Rodriguez Fuentes utilizes a unique framework built upon the basic principle of the Post-Keynsian monetary theory which enables the identification of a new way for money and monetary policy to have a regional impact; the behavioural effect.


This book, with it’s combination of literary and empirical approach will prove essential reading for all students of economics and politics, as well as readers who interested in the development of the European Union.

TOC

  • Book Cover 2
  • Half-Title 3
  • Series-Title 4
  • Title 9
  • Copyright 10
  • Dedication 11
  • Contents 13
  • List of figures 15
  • List of tables 18
  • Foreword 21
  • Acknowledgements 23
  • 1 Introduction 27
  • 2 A dichotomized view of the economic process 34
  • 3 Beyond transmission mechanisms 48
  • 4 The regional effects of monetary policy 72
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Author's affiliation

Carlos Javier Rodriguez Fuentes: University of La Laguna, Spain