Books Business, Finance Law Fiscal Policy And Interest Rates In The European Union

Fiscal Policy And Interest Rates In The European Union.pdf

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Read online or download a free book: Fiscal Policy And Interest Rates In The European Union

Pages: 224

Language: English

Publisher: Edward Elgar Publishing Ltd (12 Dec. 1996)

By: Klaas H.W. Knot (Author)

Book format: pdf doc docx mobi djvu epub ibooks (*An electronic version of a printed book that can be read on a computer or handheld device designed specifically for this purpose.)

Fiscal Policy and Interest Rates in the European Union is a comprehensive study concerned with the potential effects of fiscal policy on financial markets in the European Union. It takes into account the gradual liberalization of capital movements throughout Western Europe and the institutional framework of the European monetary system. Klaas Knot takes a fresh approach to the impact of budget deficits on interest rates, especially in relation to international financial integration, and concludes that the increases in European budget deficits since the early 1970s have raised interest rates in the long term throughout the Union. In conclusion he argues that balanced budget deficits are necessary to maintain low interest rates. This important new book will be of interest to students, academics and policymakers concerned with monetary and public economics.


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