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The Economic and Business Consequences of the EMU
The Economic and Business Consequences of the EMU A Challenge for Governments, Financial Institutions and Firms Hubert Ooghe Conference Chairman, Vlerick Leuven Gent Management School alld Ghent University EMU finally got under way on 1 st January 1999. Since then 11 European countries share a common currency, the Euro, and pursue a common monetary policy managed by the European Central Bank (ECB). After forty years of economic integration, Euroland has the wherewithal with which to enter the 21 st century. However monetary union has implications for nearly all areas of economic activity and decision-making. Throughout the academic world researchers are fully occupied with the theoretical an...
The Economic and Business Consequences of the Emu
The European Monetary Union (EMU) got under way on 1 January 1999. Since then 11 European countries share a common currency, the Euro, and pursue a common monetary policy managed by the European Central Bank (ECB). After forty years of economic integration, Europe has the wherewithal with which to enter the 21st century. However monetary union has implications for nearly all areas of economic activity and decision-making. Throughout the academic world researchers are fully occupied with the theoretical analysis of the impact of the Euro and the effects of incorporating the new operational framework into their economic models. Businesses and government departments are concerned primarily with...
RUG. Jaaroverzicht
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Les banques en France
Apporte un matériau détaillé à l'appui d'une théorie des institutions financières et de la politique bancaire, met l'accent sur les mécanismes de fonctionnement, contribue à l'histoire immédiate, rapproche le droit et la finance et puise dans la théorie de la banque et de la régulation prudentielle les principes de l'analyse et des évolutions proposées.
Bankers Monthly
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Negative Interest Rate Policy (NIRP)
More than two years ago the European Central Bank (ECB) adopted a negative interest rate policy (NIRP) to achieve its price stability objective. Negative interest rates have so far supported easier financial conditions and contributed to a modest expansion in credit, demonstrating that the zero lower bound is less binding than previously thought. However, interest rate cuts also weigh on bank profitability. Substantial rate cuts may at some point outweigh the benefits from higher asset values and stronger aggregate demand. Further monetary accommodation may need to rely more on credit easing and an expansion of the ECB’s balance sheet rather than substantial additional reductions in the policy rate.
Belgian Cinema
The recent centenary of the motion picture prompted the Belgian Royal Film Archive to compile an encyclopedia of the history of Belgian film. The country has produced a considerable cinematic output over the past hundred years, with a total of some 1,500 titles, including every imaginable genre, from documentaries to war films, romantic dramas, slapstick, animation, art movies and experimental films. This book is published in collaboration with the Royal Film Archive. The book contains a broad survey of 100 years of Belgian cinema history, from masterpieces of silent filmmaking to recent highlights like the 1992 film Daens. This comprehensive, easy-to-use, and attractively illustrated reference work is an important scholarly addition to all serious film libraries.
