The present communication intends to provide a comprehensive assessment of the impact of the changeover to the Euro at the Community level andthe resulting affect on Member States. It reflects the outcome of preparatory work within the Commission , involving each of its services, and of contacts...

As from 1 January 1999, the competence for monetary policy, exchange rate policy and currency law for the Member States which adopt the single currency will be transferred to Community level. The monetary policy of the Euro area will be defined and implemented by the European System of Central...

The purpose of this paper is to explore economic and political implications of Europe's Economic and Monetary Union (EMU) for developing countries.

In 1990, the Deutschemark replaced the Ost-Mark as the sole legal in East Germany. The choice of a common money - instead of a continuation of two separate monetary systems - reflected, in large measure, political rather than economic considerations. This sentiment was encapsulated in the...

We analyse the prospects for greater monetary integration in Africa, in the wake of EMU. We argue that the structural characteristics of African economies are quite different to the EMU members but that much can be gained from monetary cooperation, as external agency of restraint and in...

Member States shall conduct their economic policies with a view to contributing to the achievement of objectives of the Community , as defined in Article 2, and in the context of the broad guidelines referred to in Article 103(2). The Memeber States and the Community shall act in accordance with...

Monetary integration could have immense implications for both Palestine and Jordan. Two of what are regarded as prerogative functions of an independent state (monetary policy and control over the exchange rate) must be surrendered to a central monetary authority of the union. This will require...

Following the decision of the Madrid European Council on the scenario for the introduction of the Euro, the Commission has undertaken a number of initiatives, both in the legislative and practical field, in order to step up preparations in the private sector and the within public administration.

The group began by acknowledging the central role that traders will play in helping people understand prices and scales of values and accept the euro. Consumers are in direct physical contact with traders on an almost daily basis, and are thus by definition in a monetary relationship. The shop...