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Monetary Integration in Europe (Studies in Economic Transition)

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Published by Palgrave Macmillan .
Written in English


  • International economics,
  • Monetary economics,
  • Business & Economics,
  • Business / Economics / Finance,
  • Business/Economics,
  • EU (European Union),
  • Economics - Macroeconomics,
  • Business & Economics / Macroeconomics

Book details:

The Physical Object
Number of Pages232
ID Numbers
Open LibraryOL10194167M
ISBN 100230018882
ISBN 109780230018884

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This book provides a fully revised and up-to-date analysis of the Economic and Monetary Union (EMU). With four entirely new chapters on responses to the financial crisis and the debate on reform options, Tomann assesses the EMU in comparison with other currency regimes through the adoption of a historical analysis. Monetary Integration in Western Europe: EMU, EMS and Beyond discusses the origins of the Economic Monetary Union, (the European Monetary System is the forerunner of the EMU), and the integration of the European Community starting from the Treaty of Rome. The Treaty provides most of the elements necessary for a monetary union. Can the European Economic and Monetary Union survive as an institution providing the highest degree of monetary integration? Can it withstand crises in international markets and contribute to the stability of the global financial system? This book addresses these questions, emphasising the need for. The book discusses in detail basic issues with currency and comprehensively analyzes monetary policy, highlighting problems of policy coordination. Tomann explores new monetary institutions that have been established in response to the financial crisis, before addressing long-term issues and reviewing reform : Palgrave Macmillan.

EC monetary integration was reinforced in the s when macroeconomic convergence and a dominant role of the German Bundesbank created the basis for relatively stable exchange rates and European Monetary Integration EMS Developments and International Post-Maastricht Perspectives. Editors Search within book. Front Matter. Pages I-XIV. PDF. European monetary integration began almost a decade after the Treaty of Rome, as European Economic Community Member States sought to protect themselves better from international economic turbulence and loosen their ties to the US dollar. This process, in which a multitude of stakeholders (M ember States, European.   This book introduces readers to the world of international financial markets and their integration on a global and regional scale. The author presents the theoretical and practical issues concerning the processes of financial market integration, with a particular focus on the monetary : Sławomir Ireneusz Bukowski. The first systematic analysis of why Britain and France parted company on the issue of European monetary integration. Ikemoto reveals that Britain was much keener to participate in the early stages of.

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 s. Why has the European Monetary System been so successful and what role has the Deutsche Bundesbank played in monetary . Studies examining the policy challenges posed by European monetary integration, including asymmetry problems and fiscal concerns. The success of European monetary integration—called by the editors of this CESifo volume "one of the most far-reaching, real world experiments in monetary policy to date"—is not assured. Policy makers have been forced to deal with challenges posed by . Ungerer provides a comprehensive, yet concise and accessible history of European monetary integration over the past fifty years, from the European Payments Union (EPU) to the realization of economic and monetary union (EMU) as mapped out in the Maastricht Treaty. Monetary policy and institutional developments in the quest for European integration are examined against their political . Downloadable! Monetary integration is usually viewed as implying the replacement of several national currencies by one single currency controlled by an international central bank (as is the case with the euro and the European Central Bank). However, a definition and evaluation of monetary integration cannot be made without referring to the roles of money which have been studied previously.