Abstract
After several decades of efforts to introduce a common currency in Europe, European economic and monetary union (EMU) has finally been launched in 1999. This historic project has been accompanied by a lively debate over the costs and benefits of monetary integration. Asymmetries enter this discussion in various dimensions: They may be related to the goals of policy, to the instruments of policy, to the nature of disturbances and to the underlying macroeconomic structure.
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© 2001 Springer-Verlag Berlin Heidelberg
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Clausen, V. (2001). Introduction. In: Asymmetric Monetary Transmission in Europe. European and Transatlantic Studies. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-59565-3_1
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DOI: https://doi.org/10.1007/978-3-642-59565-3_1
Publisher Name: Springer, Berlin, Heidelberg
Print ISBN: 978-3-642-64029-2
Online ISBN: 978-3-642-59565-3
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