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. ISBN 1898128057Full text not available from this repository.
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?
|Keywords:||european central bank; european integration; economics|
|Centre:||Faculty of Finance|
|Date Deposited:||29 Mar 2012 12:03|
|Last Modified:||23 Oct 2015 14:06|
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