Abstract
When economists talk about establishing monetary unions they first discuss two theoretical models, namely the monetarist concept and the economistic concept, which means the alternatives of either first adjusting monetary policies of the countries wishing to unionise or to start by founding a central monetary institution.
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Reference
Issing, O. (1993) ‘Hayek’s Suggestion for Currency Competition — A Central Banker’s View’, Deutsche Bundesbank Auszüge aus Prcsseartikeln, no. 32, 30 April, 1993, pp. 12–14, to be published in S. F. Frowen (ed.) Hayek the Economist and Social Philosopher — A Critical Retrospective (London: Macmillan, 1994).
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© 1993 Stephen F. Frowen
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Borchert, M. (1993). Comments on ‘Tracks Towards a Common Monetary Policy in Europe’ by Norbert Kloten. In: Frowen, S.F. (eds) Monetary Theory and Monetary Policy. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-23096-9_2
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DOI: https://doi.org/10.1007/978-1-349-23096-9_2
Publisher Name: Palgrave Macmillan, London
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