| 来源类型 | Discussion paper
|
| 规范类型 | 论文
|
| 来源ID | DP2946
|
| DP2946 New Evidence of the Impact of Dividend Taxation and on the Identity of the Marginal Investor |
| Tim Jenkinson; Leonie Bell
|
| 发表日期 | 2001-09-26
|
| 出版年 | 2001
|
| 语种 | 英语
|
| 摘要 | This Paper considers how the European Union, and more specifically the euro area, can contribute to international financial stability. It sets the issues in the broader framework of financial globalization and international capital mobility. Sections 1-3 discuss globalization, international financial stability, and current threats to it ? notably, potential crises in key emerging market countries and a possible ?hard landing? for the US dollar. In that context, EMU has clearly increased internal stability in the euro area and has promoted a dynamic development of capital markets. But in some respects, monetary union may have exacerbated systemic risks. Section 4 discusses financial supervision and regulation and procedures for dealing with liquidity crises. Section 5 turns to issues raised by EU enlargement. Section 6 considers aspects of EMU and the international financial system that relate to international financial stability. It stresses the need for coherent European positions on exchange-rate policy, the international financial architecture, and the euro as an international currency. |
| 主题 | International Macroeconomics
|
| 关键词 | Euro
Emu
Financial stability
Liquidity crises
International currencies
|
| URL | https://cepr.org/publications/dp2946
|
| 来源智库 | Centre for Economic Policy Research (United Kingdom)
|
| 资源类型 | 智库出版物
|
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/531997
|
推荐引用方式
GB/T 7714 |
Tim Jenkinson,Leonie Bell. DP2946 New Evidence of the Impact of Dividend Taxation and on the Identity of the Marginal Investor. 2001.
|
除非特别说明，本系统中所有内容都受版权保护，并保留所有权利。
