European Monetary Union: The Way Forward

ISBN-13: 9780415174084 / Angielski / Twarda / 1998 / 144 str.

Homa Motamen-Scobie; H. M. Scobie

Opis

A detailed analysis of the economic effects of the changeover to a unified European currency and the pressures caused by a dual-currency system over the transition period to the Euro. Subjects discussed include:
* fiscal transfer payments: the implications of the US structure for the EMU
* consequences of parallel currency 1999-2002
* feasibility of a single currency without the exchange rate mechanism
* the relationship between the UK and Europe
* accounts of moves towards monetary union in Austria, Portugal and Finland.

Spis treści

1 THE CHANGEOVER TO A UNIFIED EUROPEAN CURRENCY: WHY A ‘BIG BANG’ APPROACH IS NECESSARY 2 FISCAL TRANSFER PAYMENTS: IMPLICATIONS OF US STRUCTURE FOR THE EUROPEAN MONETARY UNION 3 EUROPEAN MONETARY UNION: SINGLE CURRENCY FEASIBLE WITHOUT THE ERM 4 THE SINGLE CURRENCY 5 EMU: THE OBSTACLE RACE TO SUCCESS 6 THE UNITED KINGDOM AND EUROPE 7 SOME THOUGHTS ON THE MONETARY FRAMEWORK IN EMU 8 FINLAND ON THE WAY TO THE EMU 9 THE INTERNATIONAL COMPETITIVENESS OF EUROPEAN MANUFACTURING: EVIDENCE FROM COST AND PRICE MEASURES 10 AUSTRIA ON THE WAY TO EMU 11 ADHERING TO THE CONVERGENCE CRITERIA: THE CASE OF PORTUGAL

O autorze

Professor H.M.Scobie is Director of the European Economics and Financial Centre, London.