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A European Central Bank? : Perspectives on Monetary Unification after Ten Years of the EMS - Marcello De Cecco

A European Central Bank?

Perspectives on Monetary Unification after Ten Years of the EMS

By: Marcello De Cecco (Editor), Alberto Giovannini (Editor)

Paperback

Published: 24th July 1989
RRP $50.95
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This volume, based on a conference held by the Italian Macroeconomic Policy Group and the centre for Economic Policy Research, examines the issues raised by European monetary unification. An introduction describes recent monetary developments and identifies the motivations for creating a European cental bank. Theoretical papers analyse the interactions of capital controls, financial intermediation and seigniorage in open economies; the optimal design of centralized banks of issue by sovereign countries; and some new aspects of the 'optimal currency area' question. The empirical papers provide new evidence and interpretation of inflation experience across Europe and the attitudes of European central bankers about inflation and unemployment. The historical papers describe the experience of currency unification in Germany and Italy in the 19th century and the creation of the US Federal Reserve System. The volume concludes with a panel discussion on the feasibility of European monetary unification, featuring leading academics and central bankers.

"...a substantive addition to the growing body of research on European monetary policy issues." Finance and Development

List of figures
List of tables
Preface
List of conference participants
Does Europe need its own central bank
Monetary policy, capital controls and seigniorage in an open economy
Discussion
Seigniorage in Europe
Discussion
Overview of chapters 2 and 3
Factor mobility, uncertainty and exchange rate regimes
Discussion
Management of a common currency
Discussion
The tastes of European central bankers
Discussion
The costs and benefits of a European currency
Discussion
The monetary unification process in nineteenth-century Germany: relevance and lessons for Europe today
Discussion
The establishment of a central bank: Italy in the nineteenth century
Discussion
The founding of the Fed and the destabilization of the post-1914 US economy
Discussion
Panel discussion on the prospects for a European Central Bank
Index
Table of Contents provided by Publisher. All Rights Reserved.

ISBN: 9780521376235
ISBN-10: 0521376238
Audience: Professional
Format: Paperback
Language: English
Number Of Pages: 390
Published: 24th July 1989
Publisher: CAMBRIDGE UNIV PR
Country of Publication: GB
Dimensions (cm): 22.73 x 15.22  x 2.21
Weight (kg): 0.51