Titlebook: Europe and the Euro; Integration, Crisis Enrico Marelli,Marcello Signorelli Book 2017 The Editor(s) (if applicable) and The Author(s) 2017

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https://doi.org/10.1007/978-3-322-81473-9aastricht Treaty, including the convergence criteria for admission to the Economic and Monetary Union (EMU). The judgment on the EMU’s construction is made by considering the Optimal Currency Area theories. The chapter also includes an account of empirical evidence on ‘real convergence’ – which is j

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https://doi.org/10.1007/978-3-8349-6392-5ures (such as the much debated independence and conservatism). The ECB’s operation and behaviour – concerning inflation (and other final goals), monetary strategies and key instruments (key interest rates) – are investigated through comparisons with those of other central banks (in particular the Fe

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Die FMEA und organisationales Lernen,gether with an explanation of the rationale behind the rules on public budgets applied to members of monetary unions. It then illustrates the deterioration of public accounts and sovereign debts that has occurred since the recent crises that hit the euro area. The chapter also explains the content o

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https://doi.org/10.1007/978-3-642-92149-0n Financial Stability Facility, EFSF, and European Stability Mechanism, ESM), executed through the ‘troika’, the EU’s reaction was delayed and inadequate. The lack of effective crisis-management mechanisms (e.g. ‘Eurobonds’) is also emphasised. In regard to monetary policy, a complete account is pro

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A Progressively Integrated European Community within the Global Economy,Economic Community and Customs Union to the Single Market) and on the ‘widening viewpoint’ (from the initial 6 members to the current 28, including enlargement to the East with the admission of several formerly planned economies, and the United Kingdom for the time being). It also considers competit

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