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Monetary Stability Through International Cooperation : Essays in Honour of Andre' Szasz Presented on the Occasion of His Retirement from the Governing Board - Age Bakker

Monetary Stability Through International Cooperation : Essays in Honour of Andre' Szasz Presented on the Occasion of His Retirement from the Governing Board

By: Age Bakker (Editor), Henk Boot (Editor), Olaf Sleijpen (Editor), Wim Vanthoor (Editor)

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Monetary Stability through International Cooperation contains essays written by high ranking policy makers in the field of central banking and international finance, written in honour of André Szász, who has been Executive Director of De Nederlandsche Bank since 1973, responsible for international monetary relations. Colleagues from several other central banks, from finance ministries and from international institutions pay tribute to him by analysing the conditions fostering European as well as global monetary stability. The book provides an inside view of the thinking of monetary officials at the turn of 1993/1994, when the currency turmoil in the ERM of mid-1993 had subsided and views on its implications for exchange rate management and, more generally, for European integration were taking shape. Topics include exchange rate stabilisation, policy coordination and central bank independence. A second section, on the international monetary system, includes essays on the policy implications of present day dynamic financial markets as well as the role of the IMF. This book, written by 'insiders for an insider', provides valuable insights to those who are interested in contemporary international monetary relations.

Prefacep. 11
European monetary integration
The relationship between economic, monetary and political integrationp. 21
Pros and cons of a two-speed monetary integrationp. 31
Central bank and governmentp. 45
European exchange rate cooperationp. 59
The economic and monetary relation between Germany and the Netherlandsp. 67
The Exchange Rate Mechanism after the Basle/Nyborg Agreementp. 85
The importance of monetary targeting in the Economic and Monetary Unionp. 97
European monetary policy coordinationp. 105
Economic policy coordination and the role of fiscal targetsp. 115
The Monetary Committee as a promoter of European integrationp. 127
The Committee of Governors as a forum for European central bank cooperationp. 147
Techniques for stabilityp. 159
Europe in fluxp. 177
Financial relations between the Netherlands and Belgium: 1943 to 1993p. 183
The integration of former Eastern Bloc countries into Europep. 201
The international monetary system
The merits of stable exchange ratesp. 215
Turbulence in the foreign exchange markets: old and new lessonsp. 227
Macro-economic performance and the international monetary systemp. 239
National financial liberalisation and international economic cooperationp. 247
International adjustment and finance since Bretton Woodsp. 267
Half a century after Bretton Woods: the role of the IMF in the international monetary systemp. 283
The contribution of the IMF to exchange rate stability: efforts in monetary diplomacyp. 297
The OECD and international economic cooperationp. 309
Prudential supervision: a central bank function?p. 323
Payment systems and central banksp. 339
A post-mortem of the debt crisisp. 353
The Dutch attitude towards capital liberalizationp. 373
Annex
List of contributorsp. 399
Bibliography of Andre Szaszp. 403
Table of Contents provided by Blackwell. All Rights Reserved.

ISBN: 9780792330042
ISBN-10: 0792330048
Audience: Professional
Format: Hardcover
Language: English
Number Of Pages: 409
Publisher: SPRINGER VERLAG GMBH
Country of Publication: NL
Dimensions (cm): 23.39 x 15.6  x 2.39
Weight (kg): 0.75