The European Monetary System and European Monetary Union

ISBN-13: 9780367307325 / Angielski / Miękka / 2021 / 248 str.

Michele Fratianni; Jurgen Von Hagen

Opis

The European Monetary System (EMS) was created in 1978. The authors address three major questions about the European Monetary System (EMS): how it came into being, how it works and how it may evolve into a fully-fledged monetary union.

Spis treści

Summary of the issues; a description of the European Monetary System; co-operation or discipline: the political economy of the EMS; the disciplinary interpretation of the EMS; German dominance in the EMS: the empirical evidence; the co-operative interpretation of the EMS; exchange rate and inflation uncertainty in the EMS; European monetary union; on the road to EMU.