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Monetary Policy at the European Periphery

Greek Experience and Lessons for EU Candidates

  • Iannis A. Mourmouras
  • Michael G. Arghyrou
  • Editors
  • Jürgen von Hagen

Part of the European and Transatlantic Studies book series (EUROPEANSTUDIES)

Table of contents

  1. Front Matter
    Pages i-xv
  2. Introduction

    1. Iannis A. Mourmouras, Michael G. Arghyrou
      Pages 1-6
  3. 1999 and the European periphery

    1. Iannis A. Mourmouras, Michael G. Arghyrou
      Pages 7-30
    2. Iannis A. Mourmouras, Michael G. Arghyrou
      Pages 31-58
  4. An assessment of monetary strategies

    1. Iannis A. Mourmouras, Michael G. Arghyrou
      Pages 59-80
    2. Iannis A. Mourmouras, Michael G. Arghyrou
      Pages 81-112
  5. A new credible strategy

    1. Iannis A. Mourmouras, Michael G. Arghyrou
      Pages 113-150
    2. Iannis A. Mourmouras, Michael G. Arghyrou
      Pages 151-187
    3. Iannis A. Mourmouras, Michael G. Arghyrou
      Pages 188-198
  6. Back Matter
    Pages 199-218

About this book

Introduction

At long last, monetary union has dawned in Europe. Eleven member states now share the common currency, forming a larger EMU than many observers, who thought that monetary union would initially be restricted to the core countries of the European Union, expected. The next item on the EMU agenda now is the question how to bring the remaining members of the European Union into the monetary union. I.A. Mourmouras and M. G. Arghyrou address this question from the perspective of Greece, and, with it, future European Union members such as Hungary and Poland. Their book presents a careful and interesting study of the Greek monetary policy experiences over the past 25 years. It demonstrates how Greece moved from an inflation­ ridden economy characterized by rigid controls of the financial sector to an economy for which an independent central bank and inflation targeting are credible options. The study is not only interesting in itself but also in that it bears important lessons for the development of monetary policy and institutions in the candidate countries of the European Union.

Keywords

Europäische Währungsunion Geldpolitik Griechenland Inflation Währung Währungsunion Zentralbank central bank development european monetary union interest rates monetary economics monetary policy monetary union transition economics

Authors and affiliations

  • Iannis A. Mourmouras
    • 1
  • Michael G. Arghyrou
    • 2
  1. 1.School of Management and CERTHeriot-Watt UniversityEdinburghUK
  2. 2.Department of Economics and FinanceBrunel UniversityLondon, UxbridgeUK

Bibliographic information

  • DOI https://doi.org/10.1007/978-3-642-57032-2
  • Copyright Information Springer-Verlag Berlin · Heidelberg 2000
  • Publisher Name Springer, Berlin, Heidelberg
  • eBook Packages Springer Book Archive
  • Print ISBN 978-3-642-63118-4
  • Online ISBN 978-3-642-57032-2
  • Series Print ISSN 1431-3006
  • Buy this book on publisher's site