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2001 Fiscal Year Final Research Report Summary

The Research on the Impact of the Introduction of the Euro on the World Economy

Research Project

Project/Area Number 12430020
Research Category

Grant-in-Aid for Scientific Research (B)

Allocation TypeSingle-year Grants
Section一般
Research Field Public finance/Monetary economics
Research InstitutionKYUSHU UNIVERSITY

Principal Investigator

IWATA Kenji  Faculty of Economics. Kyushu University, Ass. Prof., 大学院・経済学研究院, 助教授 (50261483)

Co-Investigator(Kenkyū-buntansha) FUJITA Seiichi  Kobe Univ., Faculty of Economics, Prof., 大学院・経済学研究科, 教授 (40135778)
TANAKA Soko  Tohoku Univ., Faculty of Economics, Prof., 大学院・経済学研究科, 教授 (20094708)
EI-AGRAA Ali  Fukuoka Univ., Faculty of Commerce, Prof., 商学部, 教授 (90202754)
NARIUSZ Krawczyk  Fukuoka Univ., Faculty of Economics, Ass. Prof., 経済学部, 助教授 (70299535)
TAKAHAMA Mitsunobu  Meiji Univ., Faculty of Faculty of Commerce, Ass. Prof., 商学部, 助教授 (70287879)
Project Period (FY) 2000 – 2001
KeywordsEuro / EU(European Union) : USA / International Currency / Financial System / Monetary Policy / Tax Systems / Int'l Collaboration of Researchers / Int'l Exchange of Information
Research Abstract

This research has been pursued to reach comprehensive understandings of the World Economy after the introduction of the Euro-European Single currency in 1999, especially focusing on its impact on Financial Systems, International Currency Structures and the Tax Harmonisation amongst industrialised countries.
Our findings can be classified into three main fields.
First part is on the overview of the current topics around the Euro. Dr. H-E Scharrer gave an overview of the Macro Economic performance focusing on the diversity of growth rate, inflation rate which has been well above the target, the weakness of the Euro exchange rate etc. In pursuing traditional cost-benefit analysis of the EMU, Mr. Takahama tried to introduce the additional viewpoint of net gains for the countries with high inflation rate. Prof. Dr. Tanaka focused on the European Commission's 'A package to tackle harmful tax competition in the EU', agreed in June, 2000.
Prof. Dr. El-Agraa analyzed the problem of the introductio … More n of the Euro for the UK, and pointed out that it was still unpredictable from a political viewpoint whether the UK would join the EMU, although Britain will have no major difficulties meeting the Maastricht treaty criteria and her own extra Chancellor Brown's five tests.
Main subjects of the Second Part of our project are on the single monetary policy and financial supervision within the Euro area. Prof. Dr. Mayes analyzed the problems of asymmetry, with which the single monetary policy thorough the Euro are to be faced. Dr. Mayes and Dr. Iwata then discussed new dimensions of the banking and securities regulations and supervisions after the introduction of the Euro and pointed out the reason for new arrangements throughout the EU.
Lastly, in the part of Euro and its impact on financial systems, Dr. Iwata, thorough comparative analysis of Flow of Funds Accounts of main industrialised countries, made clear that there are some evidences within the EU countries for the convergence of Financial Systems into the market-oriented one. Dr. Mariusz, analyzed the transformation of the banking systems within Central and Eastern European Countries in preparation to join the EU. Lastly, Prof. Dr. Kawanami elucidated the reason for the US merchant banks to have maintained the dominant position in the European M&A during and after the introduction of the Euro
These results of our research are to be published as a book titled, 'Euro to EU no Kinyu Shisutemu (The Euro and EU Financial System)', in September 2002. Less

  • Research Products

    (41 results)

All Other

All Publications (41 results)

  • [Publications] 岩田 健治: "EU金融・通貨統合と信用理論-組織資本主義論・長期波動論・経済統合論"信用理論研究学会『信用理論研究』. 第20号(予定). (2002)

    • Description
      「研究成果報告書概要(和文)」より
  • [Publications] 岩田 健治: "ポスト通貨統合のEU金融・資本市場"田中素香編著『単一市場・単一通貨とEU経済改革』文眞堂. 第7章. 144-169 (2002)

    • Description
      「研究成果報告書概要(和文)」より
  • [Publications] 高浜 光信: "通貨同盟参加のコスト・ペネフィット分析-最適通貨圏理論と信認輸入仮説の融合"明治大学社会科学研究所ディスカッション・ベーパー・シリーズ. No.J-2002-2. 1-16 (2002)

    • Description
      「研究成果報告書概要(和文)」より
  • [Publications] 田中 素香: "EU通貨統合と財政政策-小さな「連邦」財政と非対称的リセッションに対するEMU(経済・通貨同盟)の安定性を中心に-"研究年報『経済学』. Vol.62, No.3. 1-26 (2000)

    • Description
      「研究成果報告書概要(和文)」より
  • [Publications] 田中 素香: "EU経済とユーロの展望"世界経済評論. 2001年3月号. 9-18 (2001)

    • Description
      「研究成果報告書概要(和文)」より
  • [Publications] 田中 素香: "経済統合・通貨統合"NIRA政策研究. vol.14,No.12. 38-43 (2001)

    • Description
      「研究成果報告書概要(和文)」より
  • [Publications] Fukuyama, H.: "Scale Characterizations in a DEA Directional Technology Distance Function Framework"European Journal of Operational Research. (Forthcoming).

    • Description
      「研究成果報告書概要(和文)」より
  • [Publications] 藤田 誠一: "EMSからEMUへ:国際通貨体制へのインプリケーション"社会科学(同志社大学人文科学研究所). 65号. 93-115 (2000)

    • Description
      「研究成果報告書概要(和文)」より
  • [Publications] 藤田 誠一: "国際通貨論の課題"甲南経済学論集. 42巻1号. 1-31 (2001)

    • Description
      「研究成果報告書概要(和文)」より
  • [Publications] 藤田 誠一: "ユーロの国際通貨制度上の意義"国際金融. 1073号. 48-53 (2001)

    • Description
      「研究成果報告書概要(和文)」より
  • [Publications] クラフチック, マリウシュ: "Liberalization of Foreign Transactions in a Transition Economy"福岡大学『経済学論叢』. 第45巻第4号. 69-96 (2001)

    • Description
      「研究成果報告書概要(和文)」より
  • [Publications] クラフチック, マリウシュ: "Transformation of a Banking Sector in a Formerly Centrally Planned Economy"福岡大学『経済学論叢』. 第45巻第4号. 97-124 (2001)

    • Description
      「研究成果報告書概要(和文)」より
  • [Publications] 田中 素香: "グローバリゼーションと国民経済形成型統合-EU(欧州連合)のケース-"世界経済(国際経済学会機関誌). 第52号. 35-55 (2001)

    • Description
      「研究成果報告書概要(和文)」より
  • [Publications] 川波洋一: "ユーロと米国の金融業・金融システム-米系巨大金融グループによる国際業務-"信用理論研究学会『信用理論研究』. 第20号(予定). (2002)

    • Description
      「研究成果報告書概要(和文)」より
  • [Publications] Fukuyama, H.: "Returns to Scale and Scale Elasticity in Data Envelopment Analysis"European Journal of Operational Research. Vol.125,No.1. 93-112 (2000)

    • Description
      「研究成果報告書概要(和文)」より
  • [Publications] Fukuyama, H., W.L.Weber: "The Efficiency and Productivity Change of Non-life Insurance Companies in Japan"Pacific Economic Review. Vol.6,No.1. 129-146 (2001)

    • Description
      「研究成果報告書概要(和文)」より
  • [Publications] Fukuyama, H.: "Returns to Scale and Scale Elasticity in Farrell, Russell and Additive Models"Journal of Productivity Analysis. Vol.16,No.3. 225-239 (2001)

    • Description
      「研究成果報告書概要(和文)」より
  • [Publications] Fukuyama, H., W.L.Webei: "Estimating Output Allocative Efficiency and Productivity Chang : Application to Japanese Banks"European Journal of Operational Research. Vol.137,No.1. 177-190 (2002)

    • Description
      「研究成果報告書概要(和文)」より
  • [Publications] H-E シャーラー, A.エル-アグラ, 田中素香, DG.メイズ他著 岩田健治編著: "ユーロとEUの金融システム"日本経済評論社(予定). 336 (2002)

    • Description
      「研究成果報告書概要(和文)」より
  • [Publications] Ali El-Agraa: "The euro and Britain : Implications of Moving into the EMU"Pearson Education/Financial Times/Prentice Hall(予定). 416 (2002)

    • Description
      「研究成果報告書概要(和文)」より
  • [Publications] 田中素香, 長部重康, 久保広正, 岩田健治: "現代ヨーロッパ経済"有斐閣. 432 (2001)

    • Description
      「研究成果報告書概要(和文)」より
  • [Publications] S. Tanaka, S. Osabe, H. Kubo, K. Iwata: "Contemporary European Economy"Yuhikaku, September. 432 (2001)

    • Description
      「研究成果報告書概要(欧文)」より
  • [Publications] Ali El-Agraa: "The euro and Britain: Implications of Moving into the EMU"Pearson Education/Financial Times/Prentice Hall, February. 416 (2002)

    • Description
      「研究成果報告書概要(欧文)」より
  • [Publications] K. Iwata ed., H-E Scharrer, A. El-Agraa, S. Tanaka, D. Mayes: "The Euro and EU Financial System (Forthcoming)"Nihon-Keizai Hyoron-sha, September. 336 (2002)

    • Description
      「研究成果報告書概要(欧文)」より
  • [Publications] K. Iwata: "Financial and Monetary Integration within the EU and the Monetary and Financial Economics"Shinyo Riron Kenkyu (Annals of Japan Society for the Study of Credit Theory). No.20 (Forthcoming). (2002)

    • Description
      「研究成果報告書概要(欧文)」より
  • [Publications] S. Tanaka: "Monetary Integration of the EU and the Fiscal Policy"The KEIZAGAKU(Annual Report of the Economic Society TOHOKU UNIVERSITY). Vol.62,No.3. (2000)

    • Description
      「研究成果報告書概要(欧文)」より
  • [Publications] S. Tanaka: "EU Economy and the prospects of the Euro"Sekai-Keizai-Hyoron (World Economic Review), March. 9-18 (2001)

    • Description
      「研究成果報告書概要(欧文)」より
  • [Publications] S. Tanaka: "Economic Integration and Monetary Integration"NIRA Policy Review. Vol.14, No.12. 38-43 (2001)

    • Description
      「研究成果報告書概要(欧文)」より
  • [Publications] S. Tanaka: "Globalisation and Integration to form 'National Economy'"Sekai-Keizai(World Economy). No.52. 33-55 (2001)

    • Description
      「研究成果報告書概要(欧文)」より
  • [Publications] Y. Kawanami: "Euro and Banking and Financial System in the USA"Shinyo Riron Kenkyu (Annals of Japan Society for the Study of Credit Theory). No. 20 (Forthcoming). (2002)

    • Description
      「研究成果報告書概要(欧文)」より
  • [Publications] Fukuyama, H.: "Returns to Scale and Scale Elasticity in Data Envelopment Analysis"European Journal of Operational Research. Vol. 125. No. 1. 93-112 (2000)

    • Description
      「研究成果報告書概要(欧文)」より
  • [Publications] Fukuyama, H. and W.L. Weber: "The Efficiency and Productivity Change of Non-life Insurance Companies in Japan"Pacific Economic Review. Vol. 6, No. 1. 129-146 (2001)

    • Description
      「研究成果報告書概要(欧文)」より
  • [Publications] Fukuyama, H.: "Returns to Scale and Scale Elasticity in Farrell, Russell and Additive Models"Journal of Productivity Analysis. Vol.16, No. 3. 225-239 (2001)

    • Description
      「研究成果報告書概要(欧文)」より
  • [Publications] Fukuyama, H. and W.L. Weber: "Estimating Output Allocative Efficiency and Productivity Change : Application to Japanese Banks"European Journal of Operational Research. Vol. 137, No. 1. 177-190 (2002)

    • Description
      「研究成果報告書概要(欧文)」より
  • [Publications] Fukuyama, H.: "Scale Characterizations in a DEA Directional Technology Distance Function Framework"European Journal of Operational Research. (forthcoming).

    • Description
      「研究成果報告書概要(欧文)」より
  • [Publications] S. Fujita: "From EMS to EMU : its Implication for International Monetary System"Shakai Kagaku (Social Science), Institute for the Study of Humanities and Social Sciences, Doshisya University. No. 65. 93-115 (2000)

    • Description
      「研究成果報告書概要(欧文)」より
  • [Publications] S. Fujita: "Problems of the theory of International Money"Konan Keizaigaku Ronsyu (Konan University). Vol.42 No.1. 1-31 (2001)

    • Description
      「研究成果報告書概要(欧文)」より
  • [Publications] S. Fujita: "Implication of the Euro on International Monetary System"Kokusai Kinyu (International Finance Journal). No. 1073. 48-53 (2001)

    • Description
      「研究成果報告書概要(欧文)」より
  • [Publications] M. Takahama: "Cost-Benefit Analysis of Joining the Monetary Union"Discussion Paper Series, MEIJI University. No.J-2002-2. 1-16 (2002)

    • Description
      「研究成果報告書概要(欧文)」より
  • [Publications] K. Mariusz: "Liberalization of Foreign Transactions in a Transition Economy"Keizaigaku Ronshu (Faculty of Economics, Fukuoka University). Vol.45, No.4. 69-96 (2001)

    • Description
      「研究成果報告書概要(欧文)」より
  • [Publications] K. Mariusz: "Transformation of a Banking Sector in a Formerly Centrally Planned Economy"Keizaigaku Ronshu (Faculty of Economics, Fukuoka University). Vol.45, No.4. 97-124 (2001)

    • Description
      「研究成果報告書概要(欧文)」より

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Published: 2003-09-17  

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