European monetary integration : EMS developments and international post-Maastricht perspectives
著者
書誌事項
European monetary integration : EMS developments and international post-Maastricht perspectives
Springer-Verlag, c1996
3rd, rev. and enl. ed
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注記
Includes bibliographical references and index
内容説明・目次
内容説明
EU monetary integration was reinforced in the 1980s when macroeconomic convergence and the dominant role of the German Bundesbank created the basis for relatively stable exchange rates and increasing EU trade volumes. This text 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. The book also assesses 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 also evaluated.
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