European Monetary Union Transition, International Impact and Policy Options
Paul J. J. Welfens European monetary union has been discussed for more than three decades and is likely to be realized in 1999. One may anticipate generous interpretations of the fiscal convergence criteria. Such generosity consistent with the Maastricht Treaty might impair the credibility of the EC...
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| Format: | eBook |
| Language: | English |
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Berlin, Heidelberg
Springer Berlin Heidelberg
1997, 1997
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| Edition: | 1st ed. 1997 |
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| Online Access: | |
| Collection: | Springer Book Archives -2004 - Collection details see MPG.ReNa |
Table of Contents:
- I. Transition and Long Interest Rates in Germany
- A. EMU and Long Interest Rates in Germany
- B. EMU and Outsiders: Fixed versus Flexible Exchange Rates
- II. Financial Markets and Monetary Policy
- C. Foreign Exchange Vehicles Before and After EMU: From Dollar/Mark to Dollar/Euro?
- D. Does a Core-Periphery Regime Make Europe into an Optimal Currency Area?
- E. Competitive Neutrality of Monetary Policy Instruments for EMU
- III. Fiscal Aspects of the Maastricht Treaty and Political Economy of Transition
- F. Self-Fulfilling Public Debt Crises
- G. EU Labor Markets Inside and Outside the Monetary Union
- H. Political Economy of EMU and Stabilization Policy
- Panel I: Necessary Amendments for a Functional European Monetary Union
- Deficits, Debts and the Stability Pact
- Preparing for EMU
- Doctrinal Amendments for a Functional EMU? A Few Reminiscences of Economic History
- Panel II: European Monetary Union from a German Perspective
- Compromise Should not Undermine the Credibility of the Euro Currency
- EMU: A German Viewpoint
- EMU: A Bank’s Perspective
- Opportunities and Risks Associated with EMU
- List of Tables
- List of Figures
- List of Participants