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This volume, based on a conference held by the Italian Macroeconomic Policy Group and the centre for Economic Policy Research, examines the issues raised by European monetary unification. An introduction describes recent monetary developments and identifies the motivations for creating a European central bank. Theoretical papers analyse the interactions of capital controls, financial intermediation and seigniorage in open economies; the optimal design of centralized banks of issue by sovereign countries; and some new aspects of the 'optimal currency area' question. The empirical papers provide new evidence and interpretation of inflation experience across Europe and the attitudes of European central bankers about inflation and unemployment. The historical papers describe the experience of currency unification in Germany and Italy in the 19th century and the creation of the US Federal Reserve System. The volume concludes with a panel discussion on the feasibility of European monetary unification, featuring leading academics and central bankers.
International finance --- European Union --- Monetary policy --- Banks and banking, Central --- Congresses. --- European Monetary System (Organization) --- -Monetary policy --- -ume --- sme --- banque centrale --- AA / International- internationaal --- 334.151.20 --- 334.151.27 --- 334.151.21 --- 334.151.25 --- 339.732 --- 332.494 --- Monetary management --- Economic policy --- Currency boards --- Money supply --- Banker's banks --- Banks, Central --- Central banking --- Central banks --- Banks and banking --- emu --- ems --- centrale bank --- Economische en monetaire unie van de Europese Gemeenschappen: algemeenheden. --- Europees monetair stelsel. --- Europese centrale bank. ESCB. Centrale banken. --- Rekeneenheid, gemeenschappelijke munt van de Europese Gemeenschappen. ECU. Euro. --- Internationale banken. Wereldbank. Ontwikkelingsbank. Investeringsbank. Comecom, samenwerkingsbank. Europees monetair fonds. Europees ontwikkelingsfonds. Europese investeringsbank. Europese monetaire --- -Système monétaire européen (Organization) --- Europäisches Währungssystem (Organization) --- Sistema Monetario Europeo (Organization) --- Europees Monetair System (Organization) --- Europæisk monetær system (Organization) --- Euroopan valuuttajärjestelmä --- EMS (European Monetary System) --- E.M.S. (European Monetary System) --- EWS (European Monetary System) --- E.W.S. (European Monetary System) --- SME (European Monetary System) --- S.M.E. (European Monetary System) --- Congresses --- -Congresses --- 339.732 Ida. Ibrd. Bird. Ifc. Imf. Speciale trekkingsrechten. Bank voor internationale betalingen. Internationaal monetair systeem --- 339.732 Internationale banken. Wereldbank. Ontwikkelingsbank. Investeringsbank. Comecom, samenwerkingsbank. Europees monetair fonds. Europees ontwikkelingsfonds. Europese investeringsbank. Europese monetaire --- Ida. Ibrd. Bird. Ifc. Imf. Speciale trekkingsrechten. Bank voor internationale betalingen. Internationaal monetair systeem --- ume --- Economische en monetaire unie van de Europese Gemeenschappen: algemeenheden --- Europese centrale bank. ESCB. Centrale banken --- Rekeneenheid, gemeenschappelijke munt van de Europese Gemeenschappen. ECU. Euro --- Europees monetair stelsel --- Système monétaire européen (Organization) --- Monetary policy - European Economic Community countries - Congresses. --- Banks and banking, Central - European Economic Community countries - Congresses. --- Business, Economy and Management --- Economics
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Previous efforts to create a European Central Bank (ECB) have stimulated debate on topics for research into the political economy of the European Community's institutions. These include the exact division of responsibilities of national governments and the ECB - especially concerning exchange rate policy; the need for and design of constraints on national fiscal policies; and the nature of the transition from adjustable parities and national monetary policies to irrevocably fixed parities and a single European monetary policy. The book also considers the implications of EMU for the international monetary system - for the use of the ECU as a reserve currency and for policy coordination among the G-7 countries. The volume thus provides a comprehensive examination of the issues that will be decisive for Europe in its choice of monetary institutions.
Private finance --- United States --- Europe --- Banks and banking, Central --- Fiscal policy --- Congresses. --- -Banks and banking, Central --- -Fiscal policy --- -#ECO:02.02:financiële sector bank --- 336.71 (4) --- 336.71 (73) --- banque centrale --- pays de la ce --- eua --- AA / International- internationaal --- EEC / European Union - EU -Europese Unie - Union Européenne - UE --- 333.111.0 --- 333.110 --- 334.151.21 --- 333.44 --- NBB congres --- -332.11094 --- Banker's banks --- Banks, Central --- Central banking --- Central banks --- Banks and banking --- Tax policy --- Taxation --- Economic policy --- Finance, Public --- Congresses --- Bankwezen--Europa --- Bankwezen--Verenigde Staten van Amerika. VSA. USA --- centrale bank --- eg landen --- vsa --- Algemeenheden. Theoretische en beschrijvende studies. Centrale banken. --- Centrale banken en parastatale kredietinstellingen: algemeen. Overheidsbemoeiïng inzake organisatie en verdeling van het krediet. --- Europese centrale bank. ESCB. Centrale banken. --- Monetaire congressen, conferenties en onderzoeken. --- Government policy --- Economic and Monetary Union. --- European Central Bank. --- ECB --- Banque centrale européenne --- BCE --- Banco Central Europeo --- Banca centrale europea --- Europäische Zentralbank --- Európska centrálna banka --- 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 --- 336.71 (73) Bankwezen--Verenigde Staten van Amerika. VSA. USA --- 336.71 (4) Bankwezen--Europa --- 332.11094 --- #ECO:02.02:financiële sector bank --- Centrale banken en parastatale kredietinstellingen: algemeen. Overheidsbemoeiïng inzake organisatie en verdeling van het krediet --- Algemeenheden. Theoretische en beschrijvende studies. Centrale banken --- Monetaire congressen, conferenties en onderzoeken --- Europese centrale bank. ESCB. Centrale banken --- Business, Economy and Management --- Economics --- Banks and banking, Central - European Economic Community countries - Congresses. --- Banks and banking, Central - United States - Congresses. --- Fiscal policy - European Economic Community countries - Congresses. --- United States of America
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AA / International- internationaal --- DD / Eastern Germany - Ddr - Rda --- DE / Germany - Duitsland - Allemagne --- 333.111.0 --- 334.152.0 --- 333.110 --- 337.550 --- 334.151.20 --- 334.12 --- 333.432.6 --- Algemeenheden. Theoretische en beschrijvende studies. Centrale banken. --- Betrekkingen tussen de Europese Gemeenschappen en de lidstaten: algemeenheden. --- Centrale banken en parastatale kredietinstellingen: algemeen. Overheidsbemoeiïng inzake organisatie en verdeling van het krediet. --- Douane-unies (algemeenheden). --- Economische en monetaire unie van de Europese Gemeenschappen: algemeenheden. --- Economische unies. --- Markzone. Koppeling BF-DM. --- EEC / European Union - EU -Europese Unie - Union Européenne - UE --- 334.151.27 --- Europees monetair stelsel. --- 334.151.25 --- Rekeneenheid, gemeenschappelijke munt van de Europese Gemeenschappen. ECU. Euro. --- 334.154.2 --- 334.151.26 --- 334.154.1 --- Financieel recht in de Europese Gemeenschappen. Verzekeringen. --- Toezicht op het kapitaalverkeer in de Europese Gemeenschappen. --- Verkeer van personen en goederen. vestiging van personen. Technische beperkingen. Vrijheid van beroep. Openbare markten. Europese eenheidsmarkt. --- 334.151.21 --- Proceeding of a conference held in Washington on May 8, 1990. --- NBB congres --- Europese centrale bank. ESCB. Centrale banken. --- Conferences - Meetings --- Monetary policy --- Banks and banking, Central --- European Monetary Union --- EEC / European Union - EU -Europese Unie - Union Européenne - UE --- Centrale banken en parastatale kredietinstellingen: algemeen. Overheidsbemoeiïng inzake organisatie en verdeling van het krediet --- Economische en monetaire unie van de Europese Gemeenschappen: algemeenheden --- Europees monetair stelsel --- Centrale banken en parastatale kredietinstellingen: algemeen. Overheidsbemoeiïng inzake organisatie en verdeling van het krediet --- Financieel recht in de Europese Gemeenschappen. Verzekeringen --- Toezicht op het kapitaalverkeer in de Europese Gemeenschappen --- Verkeer van personen en goederen. vestiging van personen. Technische beperkingen. Vrijheid van beroep. Openbare markten. Europese eenheidsmarkt --- Algemeenheden. Theoretische en beschrijvende studies. Centrale banken --- Betrekkingen tussen de Europese Gemeenschappen en de lidstaten: algemeenheden --- Douane-unies (algemeenheden) --- Economische unies --- Markzone. Koppeling BF-DM --- Rekeneenheid, gemeenschappelijke munt van de Europese Gemeenschappen. ECU. Euro --- Europe --- Monetary policy - European Economic Community countries - Congresses --- Banks and banking, Central - European Economic Community countries - Congresses --- MONNAIE --- INTEGRATION MONETAIRE --- C.E.E. --- EUROPE --- CEE
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