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Tracks towards a Common Monetary Policy in Europe

  • Norbert Kloten

Abstract

The origin of this chapter dates back to the time when the Delors Committee had just started to deliberate on the essential features of a European economic and monetary union (EMU) and the best way of achieving it. The spectrum of opinions discussed at the time comprised a wide variety of views. In the sections presented below is advocated a conceptually-based approach concerning both the organisational pattern and the statute of a European Central Bank System (ECBS); it is argued that only compatible steps towards EMU should be accepted. The alternative in the form of a parallel currency approach is rejected (see also Schlesinger, 1993).

Keywords

Monetary Policy Central Bank European Central Bank Monetary Union National Currency 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Stephen F. Frowen 1993

Authors and Affiliations

  • Norbert Kloten

There are no affiliations available

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