This article reviews and analyzes Shigeyuki Hamori’s and Naoko Hamori’s book, “Introduction of the Euro and the Monetary Policy of the European Central Bank”. Shigeyuki Hamori is a professor and lecturer at the Japan’s Kobe University Graduate School, Faculty of Economics…
Let us write or edit the book report/review on your topic
"Shigeyuki Hamoris and Naoko Hamoris book Introduction of the Euro and the Monetary Policy of the European Central Bank"
with a personal 20% discount.
Download file to see previous pages...
Naoko Hamori on the other hand is a lecturer at the University of Marketing and Distribution Sciences in Japan. The method used by the authors in the book is analyzing the European Central Bank’s monetary policy. This has been done by using the latest econometric methods. The method used by this essay to review the book is a chapter by chapter analysis whereby each chapter of the book is discussed in detail, giving a strong and insightful summary and analysis. The purpose of this book review is to evaluate the substantial contribution made by the book towards understanding the importance of the Euro. The thesis of this book review is to find out the points of view and solutions given by the authors concerning the importance of the Euro area and give an international perspective about the future of the Euro. This essay discusses the Euro area, explaining the reasons why the Euro is an important and unique currency. This review also analyzes the monetary policy of the European Central Bank so as to comprehend the significance of the Euro area. The contents of this book have been clearly presented in nine (9) logical chapters, namely: History of the EU Monetary Union; Empirical Analysis of the Money Demand Function in the Euro Area; Monetary Policy Rule of the European Central Bank; Empirical Analysis of the Term Structure of Interest Rates in the Presence of Cross-Section Dependence; Are Budget Deficits Sustainable in the Euro Area?; Yield Spread and Output Growth in the Euro Area; International Capital Flows and the Feldstein-Horioka Paradox; Nominal and Real Exchange Rate Fluctuations: Euro, US Dollar, and Japanese Yen; and Euro Area Enlargement. The information in these chapters has been well researched and is suitable for non-experts interested in the European Central Bank and the Euro area, advanced graduate and undergraduate students in finance and economics and economists in general. Chapter one: History of the EU Monetary Union The first chapter of the book comes right after the preface and table of contents. It is contained on page 1 to 30. This chapter is aimed at analyzing, outlining and discussing the developments that led to the establishment and realization of the European Monetary Union. This chapter begins by giving the history of the EU monetary union. About a decade ago, the euro was introduced in the 11 states of the European Union (EU) as their single currency. These states are Spain, Portugal, Netherlands, Luxembourg, Italy, Ireland, Germany, France, Finland, Belgium and Austria. The monetary policy of all these states was unified under the European Central Bank (ECB). This has been the case since January 1999. This chapter is insightful because it brings to the attention of the reader the fact that the European Central Bank’s policy management has been able to succeed. This has been despite the many challenges that the policy has been faced with. This chapter also points out that many of the 11 states of the European Union viewed the monetary policy with a lot of caution. Caution was necessary since the policy covered 11 states. However, after the success of the monetary policy, the euro has been able to establish its strong status as a renowned and international currency. The euro is currently second to the US dollar in terms of worldwide status (Hamori and Hamori 1). The establishment of the international status of the euro saw more and more countries join the monetary union. This chapter reveals that the union was officially referred to as the Economic and Monetary Union (EMU). The states that joined this union included Greece (2001), Slovenia (2007), Malta and Cyprus (2008)
...Download file to see next pagesRead More
Cite this document
(“Shigeyuki Hamoris and Naoko Hamoris book Introduction of the Euro and Report/Review”, n.d.)
Retrieved from https://studentshare.org/history/1395367-shigeyuki-hamoris-and-naoko-hamoris-book-introduction-of-the-euro-and-the-monetary-policy-of-the-european-central-bank
(Shigeyuki Hamoris and Naoko Hamoris Book Introduction of the Euro and Report/Review)
“Shigeyuki Hamoris and Naoko Hamoris Book Introduction of the Euro and Report/Review”, n.d. https://studentshare.org/history/1395367-shigeyuki-hamoris-and-naoko-hamoris-book-introduction-of-the-euro-and-the-monetary-policy-of-the-european-central-bank.
Since the time of King William of Orange, central banks around the world have become influential and important for functioning of the economy and countrywide security and welfare. As importance of the government for the welfare of all citizens increased, so did the central bank’s importance (Cechetti & Schoenholtz, 2011, Chapter 15).
In the segment bearing the title ‘Introduction’, Murphy tries to explore the way; the religious practices having their roots in Africa have emancipated the western half of the globe and the places where these slaves from African roots have migrated. Murphy meticulously explains the roots of diaspora worship and traces the path through which it was culminated into the attainment of a universal paradigm of spirituality.
After the World War I there was a huge debate about reparation demands from Germany. Under the Treaty of Versailles in 1919, Germany and its supporting countries were declared responsible for all the losses incurred by the Allies during the First World War As a result they were declared guilty, and were supposed to pay the amount back to the other “sufferers”.
His quiet and precise nature earned him the favor of Cullum Greene, the Sunday editor, and James Record, the managing editor, who assigned him the task of writing the history of Forth Worth. He wrote the first edition of the Outpost on the Trinity as a commemoration of the centennial of the city, which was published in 1949.
There are many reasons why the anti-Semitism prevailed. In modern world we may call it a racial or ethnic abhorrence. There are many reasons why one community starts hating another community. When the two towers of world trade centre of America was completely demolished by Islamic terrorists, it was a great shock for the entire world.
The chosen article is in the area of finance and economics with a direct focuses on banking. The article is written in the overall milieu of the financial development and development of financial structure and their concomitant and possible impact on bank performance as measured by the chosen indicator(s).
According to the essay, Hitler displayed an ideological dichotomy between his views regarding European culture and the observations of anti-colonial writers such as Cesaire, Gandhi and Senghor. Mein Kampf is an unequivocal evidence of the origins of Hitler’s ideology which abundantly borrows ideas from Social Darwinism.
And it is very time consuming for them to reach to the identification of these substances. By examining the history set by the Greek philosopher, Philip found out that they used to believe that there are
5 Pages(1250 words)Book Report/Review
GOT A TRICKY QUESTION? RECEIVE AN ANSWER FROM STUDENTS LIKE YOU!
Let us find you another Book Report/Review on topic Shigeyuki Hamoris and Naoko Hamoris book Introduction of the Euro and the Monetary Policy of the European Central Bank for FREE!