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European Monetary Integration From German Dominance to an EC Central Bank?

Monetary integration in the EC will continue with the desired hardening of the European Monetary System that is expected to lead to an EC central bank in the 1990s. Why has the European Monetary System been so successful and what role has the Deutsche Bundesbank played in monetary policy and the EMS...

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Bibliographic Details
Other Authors: Welfens, Paul J.J. (Editor)
Format: eBook
Language:English
Published: Berlin, Heidelberg Springer Berlin Heidelberg 1991, 1991
Edition:1st ed. 1991
Subjects:
Economics
Finance
Financial Economics
Online Access:
Collection: Springer Book Archives -2004 - Collection details see MPG.ReNa
Table of Contents:
  • 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
  • The European Monetary System and European Integration: An Evaluation
  • 1. Introduction
  • 2. European Macroeconomic Convergence
  • 3. Macroeconomic Convergence and Economic Integration
  • 4. Conclusion
  • 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
  • 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
  • 1. Introduction
  • 2. The Historical Record
  • 3. Liberalization and Regulation in the Commissions New Approach
  • 4. Likely Impact of the New Approach: Microeconomics
  • 5. Likely Impact of the New Approach: Macroeconomics
  • 6. Conclusions
  • Discussant: Sydney Key
  • Problems of Monetary Policy Coordination in the Transition Phase
  • 1. Introduction
  • 2. Open Questions In Stage One
  • 3. Open Questions of Stage 2
  • 4. Conclusions
  • Discussant: Horst Ungerer
  • 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

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