The Making of Monetary Union
This Report examines the monetary unification of Europe and the creation of a European Central Bank. It deals first with the macroeconomics of monetary union and highlights four issues. What monetary constitution is required to deliver price stability, and do the draft statutes of the European Central Bank (ECB) meet these conditions? Are fiscal rules a necessary adjunct to such a constitution? Is convergence of inflation rates a precondition for embarking on monetary union? Finally, how should the transition be managed?
Year of publication: |
1991
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Authors: | Begg, David ; Chiappori, Pierre-André ; Giavazzi, Francesco ; Mayer, Colin ; Neven, Damien J. ; Spaventa, Luigi ; Vives, Xavier ; Wyplosz, Charles |
Publisher: |
Centre for Economic Policy Research |
Saved in:
Type of publication: | Book / Working Paper |
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Language: | English |
Notes: | Begg, David, Chiappori, Pierre-André, Giavazzi, Francesco, Mayer, Colin, Neven, Damien J., Spaventa, Luigi, Vives, Xavier and Wyplosz, Charles (1991) The Making of Monetary Union. Monitoring European Integration, 2 . Centre for Economic Policy Research, London. ISBN 978-1898128052 |
Source: | BASE |
Persistent link: https://www.econbiz.de/10011424450
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