European Monetary Integration EMS Developments and International Post-Maastricht Perspectives
EU monetary integration was reinforced in the 1980s when macroeconomic convergence and a dominant role of the German Bundesbank created the basis for relatively stable exchange rates and increasing EU trade volumes. The analysis here focuses on the EMS crisis of 1992/93, the topic of optimum currenc...
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Format: | eBook |
Language: | English |
Published: |
Berlin, Heidelberg
Springer Berlin Heidelberg
1996, 1996
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Edition: | 3rd ed. 1996 |
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Online Access: | |
Collection: | Springer Book Archives -2004 - Collection details see MPG.ReNa |
Table of Contents:
- European Monetary Union: Post-Maastricht Perspectives on Monetary and Real Integration in Europe
- 1. European Monetary Integration after Maastricht
- 2. The Single Market Program and EC Monetary Integration
- 3. Transition Problems towards EMU
- Discussant: Randall Henning
- The European Monetary System and European Integration: An Evaluation
- 1. Introduction
- 2. European Macroeconomic Convergence
- 3. Macroeconomic Convergence and Economic Integration
- 4. Conclusion 70
- Data
- Discussant: Vittorio Grilli
- Basic Features of a European Monetary Order
- 1. Introduction
- 2. Facing the Challenge of an EC Monetary Order
- 3. The Need for Coherence of Fiscal and Monetary Policy
- 4. Perspectives
- Towards Monetary Union in the European Community: Why and How
- 1. Introduction
- 2. Where: The Meaning of Monetary Union
- 3. Why: Costs and Benefits from Monetary Union
- 4. How: Concrete Steps
- 5. Summary and Conclusions
- Discussant: Alan G. Isaac
- The European Community as an Optimum Currency Area
- 1. Introduction
- 2. Model in a McKinnon Setting
- 3. Conclusion
- Discussant: Karen H. Johnson
- List of Contributors
- Appendix: Demand for Money and Currency Substitution in Europe
- German Monetary Unification and European Monetary Union: Theoretical Issues and Strategic Policy Problems
- 1. Introduction
- 2. Are Germany and Europe Optimum Currency Areas?
- 3. German Monetary Unification
- 4. European Monetary Union
- 5. Big Leap for Germany and Gradualism for Europe
- Discussant: John Williamson
- Liberalization and Regulation in the Process of Financial Market Integration in the European Community 163
- 1. Introduction
- 2. The Historical Record
- 3. Liberalization and Regulation in the Commission’s New Approach
- 4. Likely Impact of the New Approach: Microeconomics
- 5. Likely Impact of the New Approach: Macroeconomics
- 6. Conclusions
- Discussant: Sydney J. Key
- Problems of European Monetary Policy Coordination in the Transition Phase
- 1. Introduction
- 2. Open Questions In Stage One
- 3. OpenQuestions of Stage 2
- 4. Conclusions
- Discussant: Horst Ungerer
- Creating a European Central Bank after 1992: Issues of EC Monetary Integration and Problems of Institutional Innovation
- 1. Monetary and Real Integration in the EC
- 2. The European Monetary System in Perspective
- 3. EC 1992 and Monetary Integration
- 4. Creating an EC Central Bank
- Discussant: George M. von Furstenberg
- Monetary and Fiscal Policy in a European Monetary Union: Some Public Choice Considerations
- 1. Introduction
- 2. Determinants of Inflation in a Monetary Union
- 3. The Role of Fiscal Policy in a Monetary Union
- 4. Conclusions
- Discussant: Robert Solomon
- Whan Can the Fiscal System in the United States and Canada Tell Us about EMU
- 1. Introduction
- 2. The Fiscal System in United States and Canada
- 3. The Relative Importance of Asymmetric Shocks
- 4. The Impact of Federal Taxes and Transfers in the United States and Canada
- 5. Redistribution and Stabilization in the EC
- 6. Conclusions 320
- Data/Appendix
- Discussant: Susan M. Collins