European Monetary Integration Ems Developments and International Post-Maastricht Perspectives

Paul J. J. Welfens

ISBN 10: 0387574115 / ISBN 13: 9780387574110

Published by Springer-Verlag, Berlin, 1994

About this Item

Library stamps/marks/labels/slip, shelfwear, light tone, otherwise light wear. Solid hardcover.; Papers presented at a conference organized by the American Institute for Contemporary German Studies, held May 8, 1990 in Washington, D.C. Includes papers presented at the third biennial international conference of the European Economic Studies Association which took place on May 27-29, 1993, in Washington, DC. Contents: European monetary union: post-Maastricht perspectives on monetary and real integration in Europe / Paul J.J. Welfens--The European monetary system and European integration: an evaluation / Michael W. Klein--Basic features of a European monetary order: Karl Otto Pöhl--Towards monetary union in the European community: why and how? / Daniel Gros and Niels Thygesen--German monetary unification and European monetary union: theoretical issues and strategic policy problems / Manfred Willms--Liberalization and regulation in the process of financial market integration in the European community / Franco E. Reither--Problems of European monetary policy coordination in the transition phase / Peter Bofinger--Creating a European central bank after 1992: issues of EC monetary integration and problems of institutional innovation / Paul J.J. Welfens--Monetary and fiscal policy in a European monetary union: some public choice considerations / Jürgen von Hagen and Michele Fratianni--What can the fiscal system in the United States and Canada tell us about EMU / Tamim Bayoumi and Paul R. Masson--The European community as an optimum currency area / Stephen Overturf. ; Ex-Library; 364 pages.

Seller Inventory # 5765

Bibliographic Details

• Title: European Monetary Integration Ems Developments and International Post-Maastricht Perspectives
• Publisher: Springer-Verlag, Berlin
• Publication Date: 1994
• Language: English
• ISBN 10: 0387574115
• ISBN 13: 9780387574110
• Binding: Hardcover
• Illustrator: Illustrated by 13 figures and 20 tables
• Edition: 2nd Edition
• Condition: Very Good-
• Dust Jacket Condition: No Dust Jacket

About this title

Synopsis

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.