Abstract
This chapter, following from the critical evaluation of current policies in Chapter 3, proposes alternatives for monetary policy in terms of its objectives, its instruments and its institutional form. The possible effects of interest rates on exchange rates leads to a consideration of exchange rate policies, first between member countries of the EU and then between the euro and other currencies, notably the dollar.
This is a preview of subscription content, log in via an institution to check access.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Preview
Unable to display preview. Download preview PDF.
References
Arestis, P. and M. Sawyer, ‘Does the Stock of Money Have any Significance?’, Banco Nazionale del Lavoro, Vol. 56, No. 225 (2003) pp. 113–36.
Arestis, P. and M. Sawyer, ‘The Nature and Role of Monetary Policy When Money is Endogenous’, Cambridge Journal of Economics, forthcoming (2005).
Kato, T. ‘Financial Sector Reform and Capital Account Liberalization’, Address of Deputy Managing Director of the International Monetary Fund to the Beijing International Finance Forum, Beijing (19 May 2004).
Palley, T. ‘Asset Price Bubbles and the Case for Asset-based Reserve Requirements’, Challenge: the Magazine of Economic Affairs, Vol. 46, No. 3 (2003) pp. 53–72.
Protocol, No. 3, on the: Statute of the European System of Central Banks and of the European Central Bank.
Author information
Authors and Affiliations
Editor information
Editors and Affiliations
Copyright information
© 2005 Palgrave Macmillan, a division of Macmillan Publishers Limited
About this chapter
Cite this chapter
Huffschmid, J. (2005). More Active Monetary and Exchange Rate Policies. In: Huffschmid, J. (eds) Economic Policy for a Social Europe. Palgrave Macmillan, London. https://doi.org/10.1057/9780230523395_15
Download citation
DOI: https://doi.org/10.1057/9780230523395_15
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-52219-4
Online ISBN: 978-0-230-52339-5
eBook Packages: Palgrave Economics & Finance CollectionEconomics and Finance (R0)