INTRODUCTION OF THE EURO AND THE MONETARY POLICY OF THE EUROPEAN CENTRAL BANK

INTRODUCTION OF THE EURO AND THE MONETARY POLICY OF THE EUROPEAN CENTRAL BANK

CONTENTS


FRONT MATTER Shigeyuki Hamori and Naoko Hamori	i
History of the EU Monetary Union Shigeyuki Hamori and Naoko Hamori	1
Empirical Analysis of the Money Demand Function in the Euro Area Shigeyuki Hamori and Naoko Hamori	31
Monetary Policy Rule of the European Central Bank Shigeyuki Hamori and Naoko Hamori	59
Empirical Analysis of the Term Structure of Interest Rates in the Presence of Cross-Section Dependence Shigeyuki Hamori and Naoko Hamori	71
Are Budget Deficits Sustainable in the Euro Area? Shigeyuki Hamori and Naoko Hamori	87
Yield Spread and Output Growth in the Euro Area Shigeyuki Hamori and Naoko Hamori	99
International Capital Flows and the Feldstein–Horioka Paradox Shigeyuki Hamori and Naoko Hamori	115
Nominal and Real Exchange Rate Fluctuations: Euro, US Dollar, and Japanese Yen Shigeyuki Hamori and Naoko Hamori	125
Euro Area Enlargement Shigeyuki Hamori and Naoko Hamori	143
BACK MATTER Shigeyuki Hamori and Naoko Hamori	185
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