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Titlebook: European Monetary Integration; EMS Developments and Paul J. J. Welfens Book 1996Latest edition Springer-Verlag Berlin · Heidelberg 1996 Eur

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书目名称European Monetary Integration
副标题EMS Developments and
编辑Paul J. J. Welfens
视频video
图书封面Titlebook: European Monetary Integration; EMS Developments and Paul J. J. Welfens Book 1996Latest edition Springer-Verlag Berlin · Heidelberg 1996 Eur
描述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 currency areas and the problem of fiscal policies and regional stabilization in Europe, the US and Canada. This book gives an assessment of the EMS developments and shows how financial market liberalization as well as the EU single market project affect the process of economic and monetary union. The role of currency substitution and problems of the Bundesbank‘s monetary policy control in a changing international system are evaluated.
出版日期Book 1996Latest edition
关键词Europa; European Community; European Integration; European Monetary Integration; European Monetary Union
版次3
doihttps://doi.org/10.1007/978-3-642-79969-3
isbn_softcover978-3-642-79971-6
isbn_ebook978-3-642-79969-3
copyrightSpringer-Verlag Berlin · Heidelberg 1996
The information of publication is updating

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https://doi.org/10.1007/978-3-658-28071-0eached by January 1993, the date at which the internal market measures are scheduled to be completed. While it is natural for heads of government and state to push for monetary integration mainly for political reasons economists look at the economic costs and benefits.
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C countries without there being a common fiscal policy. Some have argued (notably, Sala-i-Martin and Sachs, 1992) that a community-wide tax and transfer system would be desirable in order to cushion regional shocks, since member countries in a monetary union are not be able to use the exchange rate
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