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Qu'est-ce qu'une union monétaire ? Peut-on définir de « bonnes » institutions et de « bonnes » politiques pour une telle union ? Comment s'articulent les politiques économiques et quels problèmes se posent à une union monétaire, susceptibles de mettre en cause sa viabilité ? Cet ouvrage cherche à répondre à ces questions en recourant aux développements récents de la recherche et en développant une conception originale de l'union monétaire
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This textbook explains the notion of monetary union, highlighting the key concepts, procedures, and challenges involved. The book is organized in three parts. In the first part, the reader learns about monetary issues, like definitions and typology of monetary unions, rationale of monetary unions, monetary policy, monetary institutional matters. The second part is devoted to fiscal matters and the interplay between fiscal and monetary policies, such as deficits, transfers, public debt sustainability issues, fiscal policy, policy mix. The last part focuses on other distinct but related issues, necessary to complete the union: banking and fiscal unions, structural adjustments in a monetary union. It ends with a chapter on the fate of monetary unions: how they develop, mature and sometimes dissolve. The book addresses students at undergraduate and graduate level, interested in a better understanding of international macroeconomics and monetary unions, as well as policy-makers, practitioners and economists in central banks, ministries of economics, economic institutions and banks.
Politics --- Macroeconomics --- Public finance --- Public economics --- Foreign trade. International trade --- Economics --- economie --- politiek --- wereldeconomie --- macro-economie --- sociale interventies --- internationale economie --- Monetary unions.
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Argent (monnaie) --- Belastingpolitiek --- Fiscaal beleid --- Fiscal policy --- Fiscale politiek --- Fiscalité --- Flottement des monnaies --- Geld --- Harmonisation fiscale --- Impôt -- Politique publique --- Impôt -- Réforme --- Impôt [Réforme de l' ] --- Impôts -- Politique publique --- Impôts -- Réforme --- Monetair beleid --- Monetaire politiek --- Monetary policy --- Money --- Monnaie -- Flottement --- Monnaie -- Politique gouvernementale --- Politique fiscale --- Politique monétaire --- Réforme de l'impôt --- Réforme fiscale --- Interest rates --- Monnaie --- Taux d'intérêt --- Interest rate futures --- Econometric models. --- AA / International- internationaal --- 331.062 --- 333.110 --- 305.91 --- 305.7 --- 333.80 --- 333.820 --- 333.403 --- 305.971 --- 333.830 --- 333.846.6 --- Anticyclisch beleid. Rational expectations. --- Centrale banken en parastatale kredietinstellingen: algemeen. Overheidsbemoeiïng inzake organisatie en verdeling van het krediet. --- Econometrie van de financiële activa. Portfolio allocation en management. CAPM. Bubbles. --- Econometrie van het gedrag van de financiële tussenpersonen. Monetaire econometrische modellen. Monetaire agregaten. vraag voor geld. Krediet. Rente. --- Geld-, bank- en kredietpolitiek. Kapitaalmarkt en -rente: algemeenheden. --- Geldbeleid, bankbeleid en kredietbeleid: algemeenheden. --- Monetaire theorieën. Kwantitatieve theorie. Theorie van de incasso's. Optiek van de uitgaven en inkomens. --- Speciale gevallen in econometrische modelbouw. --- Theorieën en algemeenheden over geldrente. --- verband tussen de geld-, bank- en kredietpolitiek en de openbare financiën. --- Politique monétaire --- Taux d'intérêt --- Currency --- Monetary question --- Money, Primitive --- Specie --- Standard of value --- Futures, Interest rate --- Econometric models --- Econometrie van het gedrag van de financiële tussenpersonen. Monetaire econometrische modellen. Monetaire agregaten. vraag voor geld. Krediet. Rente --- Econometrie van de financiële activa. Portfolio allocation en management. CAPM. Bubbles --- Speciale gevallen in econometrische modelbouw --- Anticyclisch beleid. Rational expectations --- Centrale banken en parastatale kredietinstellingen: algemeen. Overheidsbemoeiïng inzake organisatie en verdeling van het krediet --- Monetaire theorieën. Kwantitatieve theorie. Theorie van de incasso's. Optiek van de uitgaven en inkomens --- Geld-, bank- en kredietpolitiek. Kapitaalmarkt en -rente: algemeenheden --- Geldbeleid, bankbeleid en kredietbeleid: algemeenheden --- Theorieën en algemeenheden over geldrente --- verband tussen de geld-, bank- en kredietpolitiek en de openbare financiën --- Exchange --- Finance --- Value --- Banks and banking --- Coinage --- Currency question --- Gold --- Silver --- Silver question --- Wealth --- Financial futures --- Money - Econometric models. --- Interest rate futures - Econometric models.
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This paper studies the provision of deposit insurance without commitment in an economy with heterogenous households. When households are identical, deposit insurance will be provided ex post to reap insurance gains. But the ex post provision of deposit insurance redistributes consumption when households differ in their claims on the banking system as well as in their tax obligations to finance the deposit insurance. Deposit insurance will not be provided ex post if it requires a (socially) undesirable redistribution of consumption which outweighs insurance gains.
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