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The Euro : The First Decade - Marco Buti

The Euro

The First Decade

By: Marco Buti (Editor), Servaas Deroose (Editor), Vitor Gaspar (Editor), Joao Nogueira Martins (Editor), Anais Delbosc (Contribution by)

Hardcover Published: 30th April 2010
ISBN: 9789279098420
Number Of Pages: 1048

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On 1 January 1999 eleven EU Member States adopted a new currency - the euro. The introduction of the euro was a remarkable feat in the history of European monetary, financial, economic and political integration. It was an event of worldwide significance. Despite much criticism and predictions that it would quickly collapse, the first decade of the euro has been a remarkable success. The euro area has now expanded to 16 members with a combined population of 326 million and contributes 16 per cent of global output. This 2010 book was the first to provide a wide-ranging strategic review of the first decade of the euro. Written by an impressive line-up of academic and professional economists, The Euro: The First Decade is an invaluable reference for scholars and policy makers who wish to know more about the successes and failures of the euro and the challenges that lie ahead.

List of figures
List of tables
List of contributors
Euro: the first decade and beyond
Historical Perspective
A long term perspective on the euro
Sui generis EMU
OCA Theory Revisited
The OCA theory and the path to EMU
A modern reconsideration of the theory of optimum currency areas
Monetary Policy
ECB credibility and transparency
Some observations on the ECB's monetary policy
Financial Markets
The ECB and the bond market
Financial market integration under EMU
The international role of the euro: a status report
Fiscal Policy
EMU's decentralised system of fiscal policy
Should we forsake automatic fiscal stabilization?
Fiscal policy, intercountry adjustment and the real exchange rate in EMU
Taxation policy in EMU
Growth, Trade and Volatility
The impact of EMU on growth in Europe
The impact of the euro on international stability and volatility
The impact of the euro on trade and FDI
Structural Reforms
Labour markets in EMU: what has changed, and what needs to change
How product market reforms lubricate shock adjustment in the euro area
Enlargement and Governance
Euro area enlargement and euro adoption strategies
Governance in an enlarged euro area
Table of Contents provided by Publisher. All Rights Reserved.

ISBN: 9789279098420
ISBN-10: 927909842X
Series: European Commission
Audience: Professional
Format: Hardcover
Language: English
Number Of Pages: 1048
Published: 30th April 2010
Publisher: European Commission
Country of Publication: BE
Dimensions (cm): 22.9 x 15.2  x 6.4
Weight (kg): 1.77

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