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With the start of EMU, the Eurosystem has taken over monetary policy for the 11 countries of the Euro-area. But the division of powers within the Eurosystem, between the European Central Bank and the constituent National Central Banks, is not satisfactory. This volume provides an analysis of the strengths and weaknesses of the Eurosystem and offers concrete proposals concerning the decision-making organs, balance sheets and the distribution of seigniorage.

Private finance --- Europe --- Banks and banking, Central. --- Banks and banking, Central -- Europe. --- Europe. --- Monetary policy. --- Monetary policy -- Europe. --- AA / International- internationaal --- 334.151.21 --- P09 - Centrale banken en internationale financiële instellingen - Banques centrales et institutions financières internationales --- Banks and banking, Central --- -Monetary policy --- -332.11094 --- Ui1 --- Monetary management --- Economic policy --- Currency boards --- Money supply --- Banker's banks --- Banks, Central --- Central banking --- Central banks --- Banks and banking --- Europese centrale bank. ESCB. Centrale banken. --- Banks and banking [Central ] --- Monetary policy --- Europese centrale bank. ESCB. Centrale banken --- -Private finance --- -Banks and banking, Central

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Finance --- Monetary policy --- Banks and banking --- China --- Economic conditions --- Foreign economic relations. --- Banks and bankingChina --- ChinaEconomic conditions --- CN / China - Chine --- 331.30 --- 37 --- Economische toestand. --- Geografische economie. Monografieën van streken en landen. --- Economische toestand --- Geografische economie. Monografieën van streken en landen --- Finance - China --- Monetary policy - China --- Banks and banking - China --- China - Economic conditions - 2000 --- -Finance --- Économie politique --- Compétitivité (économie politique) --- Développement économique --- Finances --- Chine --- Conditions économiques --- 2000-.... --- Politique économique --- 1992-.... --- Économie politique --- Compétitivité (économie politique) --- Développement économique --- Conditions économiques --- Politique économique

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The introduction of the Euro will change all our lives. It may prove to be the greates step forward in European unificateion since the Treaty of Rome. Despite official efforts, the European single currency is still poorly understood, and often misinterpreted, In a collection of essays edited by Andrew Duff, the Federal trust sets out the pros and cons of EMU. Written by a team of highly distinguished British authorities, the book does not minimise the risks involved in taking this historic step. The authors are clear about the practicalities, quizzical about the current policy of the British government, but scathing in their criticism of those who oppose the single currency project on the ideological grounds. None dissents from the conclusion of kenneth Clarke's substantial foreword to the book that sterling can and should join EMU sooner rather than later. The book contains a full analysis of the technical aspects of EMU pitched for non-specialist reader. Discussion of the contemporary political debate is equally lively and accessible. Policy-makers, bankers, academics, business and the media cannot afford not to read this influential book. No citizen who wishes to be abreast of the controversy over EMU should miss it

Monetary unions --- -Money --- -Economic and Monetary Union --- 332.4566094 --- Ui3 --- Currency --- Monetary question --- Money, Primitive --- Specie --- Standard of value --- Exchange --- Finance --- Value --- Banks and banking --- Coinage --- Currency question --- Gold --- Silver --- Silver question --- Wealth --- Common currencies --- Currency areas --- Currency unions --- Optimum currency areas --- Money --- Euro. --- Monetary policy --- Euro --- Monetary policy - European Union countries --- Monetary unions - European Union countries

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Money. Monetary policy --- International finance --- European Union --- Euro --- Euro-dollar [Marche de l' ] --- Euro-dollar market --- Euro-dollarmarkt --- European currency unit --- Monetary policy --- Ecu (Monnaie européenne) --- Eurodollar, Marché de l' --- Politique monétaire --- -#ECO:01.08:economie monetair --- #ECO:05.02:landen EU West-Europa --- #A9803A --- AA / International- internationaal --- EEU / Central & Eastern Europe --- 333.602 --- 334.151.20 --- 334.151.21 --- 333.453 --- 334.151.25 --- -332.4566094 --- Ui3 --- Monetary management --- Economic policy --- Currency boards --- Money supply --- Eurocurrency market --- Market, Euro-dollar --- Banks and banking, International --- Foreign exchange --- ECU (Unit of account) --- Money --- Activiteiten en evolutie van de financiële markten. --- Economische en monetaire unie van de Europese Gemeenschappen: algemeenheden. --- Europese centrale bank. ESCB. Centrale banken. --- Internationale munt. Rekeneenheden. --- Rekeneenheid, gemeenschappelijke munt van de Europese Gemeenschappen. ECU. Euro. --- Economic and Monetary Union. --- European Central Bank. --- EMU --- WWU --- Europäische Wirtschafts- und Währungsunion --- Unión Económica y Monetaria Europea --- Oikonomikē kai Nomismatikē Henōsē --- ONE --- European Monetary Union --- Talous- ja rahaliitto --- Unione monetaria --- Euroopan talous- ja rahaliitto --- Rahaliitto --- European Economic and Monetary Union --- UME --- Unione monetaria europea --- EWWU --- Unión Monetaria Europea --- Ekonomiska och monetära unionen --- Union monétaire européenne --- Union économique et monétaire européenne --- UEM --- Unia Gospodarcza i Walutowa --- ECB --- Banque centrale européenne --- BCE --- Banco Central Europeo --- Banca centrale europea --- Europäische Zentralbank --- Európska centrálna banka --- Euro-dollar market. --- Euro. --- MoneyActiviteiten en evolutie van de financiële markten. --- Rekeneenheid, gemeenschappelijke munt van de Europese Gemeenschappen. ECU. Euro.Economic and Monetary Union. --- Ecu (Monnaie européenne) --- Eurodollar, Marché de l' --- Politique monétaire --- European Union countries --- 332.4566094 --- #ECO:01.08:economie monetair --- Internationale munt. Rekeneenheden --- Activiteiten en evolutie van de financiële markten --- Economische en monetaire unie van de Europese Gemeenschappen: algemeenheden --- Europese centrale bank. ESCB. Centrale banken --- Rekeneenheid, gemeenschappelijke munt van de Europese Gemeenschappen. ECU. Euro