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Adjustment and Growth in the European Monetary Union

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Hardcover | 20 December 1993

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Hardcover
416 Pages

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23.5 x 15.5 x 2.8

Hardcover

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The Maastricht Treaty, signed in December 1991, set a timetable for the European Community's economic and monetary union (EMU) and clearly defined the institutional policy changes necessary for its achievement. Subsequent developments have demonstrated, however, the importance of many key issues in the transition to EMU that were largely neglected at the time. This volume reports the proceedings of a joint CEPR conference with the Banco de Portugal, held in January 1992. In these papers, leading international experts address the instability of the transition to EMU, the long-run implications of monetary union and the single market for growth and convergence in Europe. They also consider the prospects for inflation and fiscal convergence, regional policy and the integration of financial markets and fiscal systems. Attention focuses on adjustment mechanisms with differentiated shocks, region-specific business cycles and excessive industrial concentration and the cases for a two-speed EMU and fiscal federalism.

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Non-Fiction Economics Political Economy Macroeconomics Monetary Economics International Economics International Finance

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Paperback

Published: 18th January 2009

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List of figures
List of tables
Preface
List of contributors
Foreword
Introduction
Economic and monetary union: critical notes on the Maastricht Treaty revisions
Discussion
The design of optimal fiscal rules for Europe after 1992
Discussion
Contracts, credibility and common knowledge: their influence on inflation convergence
Discussion
Inflation in fixed exchange regimes: the recent Portuguese experience
Discussion
Models of economic integration and localized growth
Discussion
Shocking aspects of European monetary integration
Discussion
Lessons of Massachusetts for EMU
Discussion
Financial and currency integration in the European monetary system: the statistical record
Discussion
Currency substitution: from the policy questions to the theory and back
Discussion
Coordination of capital income taxes in the economic and monetary union: what needs to be done?
Discussion
Index
Table of Contents provided by Publisher. All Rights Reserved.

Adjustment and Growth in the European Monetary Union

At a Glance

Hardcover

Shipping

How to return your order

Defective items

You Can Find This Book In

Other Editions and Formats

Paperback

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