Economic policy in EMU : a study by the European Commission services
著者
書誌事項
Economic policy in EMU : a study by the European Commission services
Clarendon Press, 1998
- : hbk
- : pbk
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注記
Includes bibliographical references (p. [241]-252) and index
内容説明・目次
内容説明
With the advent of the third and final phase of European and Monetary Union (EMU), the debate over European monetary unification is at the top of the political and economic agenda. Much has been written over the past five years about whether EMU is justified given the various expected benefits and prospective costs, but there has been little detailed material on how EMU will work and what the practical implications of it will be for Europe as a whole. Economic Policy in EMU is a comprehensive look at the mechanisms involved, likely effects on monetary and budgetary policy, and the ways in which monetary union will deal with and affect business cycles and regional differences. It combines rigorous analysis of how the European economy works with an insider view of how this will change after 1999: as such, it is vital reading for all involved in the most important topic facing Europe today.
目次
- Introduction
- PART I: RULES AND ADJUSTMENT
- PART II: SPECIFIC TOPICS
- 1. Monetary Policy and the Exchange Rate
- 2. Budgetary Policy
- 3. Shocks and Market Adjustment
- 4. Real and Nominal Convergence
- Bibliography
- Annex A1. Provisions of the Treaty Establishing the European Community
- Annex A2. Stability and Growth Pact
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