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European Monetary Integration

EMS Developments and International Post-Maastricht Perspectives

  • Paul J. J. Welfens

Table of contents

  1. Front Matter
    Pages I-XVIII
  2. Michael W. Klein, Vittorio Grilli
    Pages 53-78
  3. Karl Otto Pöhl
    Pages 79-93
  4. Daniel Gros, Niels Thygesen, Alan G. Isaac
    Pages 95-131
  5. Jürgen von Hagen, Michele Fratianni, Robert Solomon
    Pages 275-305
  6. Tamim Bayoumi, Paul R. Masson, Susan M. Collins
    Pages 307-334
  7. Stephen Overturf, Karen H. Johnson
    Pages 335-354
  8. Back Matter
    Pages 355-386

About this book

Introduction

EU monetary integration was reinforced in the 1980s when macroeconomic convergence and a dominant role of the German Bundesbank created the basis for relatively stable exchange rates and increasing EU trade volumes. The analysis here focuses on the EMS crisis of 1992/93, the topic of optimum currency areas and the problem of fiscal policies and regional stabilization in Europe, the US and Canada. This book gives an assessment of the EMS developments and shows how financial market liberalization as well as the EU single market project affect the process of economic and monetary union. The role of currency substitution and problems of the Bundesbank's monetary policy control in a changing international system are evaluated.

Keywords

Europa European Community European Integration European Monetary Integration European Monetary Union European Union Europäische Union Europäisches Währungssystem Geldpolitik International Economics Maastric Maastricht Maastricht Treaty europe

Editors and affiliations

  • Paul J. J. Welfens
    • 1
  1. 1.Witschafts- und Sozialwissenschaftliche Fakultät Lehrstuhl Wirtschaftspolitik/Internationale WirtschaftsbeziehungenUniversity of PotsdamPotsdamGermany

Bibliographic information

  • DOI https://doi.org/10.1007/978-3-642-79969-3
  • Copyright Information Springer-Verlag Berlin Heidelberg 1996
  • Publisher Name Springer, Berlin, Heidelberg
  • eBook Packages Springer Book Archive
  • Print ISBN 978-3-642-79971-6
  • Online ISBN 978-3-642-79969-3
  • Buy this book on publisher's site