European Monetary and Fiscal Policy

Paperback | June 15, 2000

bySylvester Eijffinger, Jakob de Haan

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At the launch of the Euro, predictions about what has been dubbed "Euroland" were mixed. Supporters say the unprecedented switch to a single currency will benefit business and consumers alike. But critics warn that EMU is a giant leap into the unknown. The purpose of this book is to bringtogether the available evidence to date about EMU, focusing on European monetary and fiscal policy. Sylvester Eijffinger and Jakob de Haan have produced a fresh and forward-looking account of the issues surrounding monetary integration. Their analysis includes the functions and goals of the European Central Bank, the Treaty on European Union, the Stability and Growth Pact, and the harmonizationof taxes. They go on to discuss the targets and instruments of European monetary policy, the relationships between the 'ins' and 'outs' within Europe, the integration of European financial markets, and the competition between financial institutions in Europe. Finally, the international role of theEuro and future of international policy co-ordination are investigated. The text has been presented for maximum clarity: each chapter concludes with a summary of the main issues, and case material and key topics are highlighted in boxes in order to help students focus on essential information. This thorough, innovative, and well-researched analysis has been carefullytailored to meet the course needs of undergraduate students of economic integration, European economics, international economics, and European studies.

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From the Publisher

At the launch of the Euro, predictions about what has been dubbed "Euroland" were mixed. Supporters say the unprecedented switch to a single currency will benefit business and consumers alike. But critics warn that EMU is a giant leap into the unknown. The purpose of this book is to bringtogether the available evidence to date about...

Sylvester Eijffinger is at University of Tilburg. Jakob de Haan is at University of Groningen.
Format:PaperbackPublished:June 15, 2000Publisher:Oxford University PressLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:0198776160

ISBN - 13:9780198776161

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Table of Contents

Introduction1. European Monetary Integration2. EMU and the European (system of) Central Bank3. European Monetary Policy4. National Fiscal Policy in EMU5. European Fiscal Policy6. Financial Integration and Financial Market Structure7. EMU and International Policy Co-ordination

Editorial Reviews

'This is a top class book and does not limit itself to assessing the adequacy of the European political economy to the precepts of advanced monetary economics...This book is an excellent tool for teaching EMU economics, and raising the level of EMU economics in the reaserch-field ofinternational political economy. Students and scholars will appreciate the explicit assessment the authors make of complex economic issues, and their unbiased stance in the study of EMU economic and political interplay.' Miriam L.Campamella, Jean Monnet Professor, Faculty of Political Science,University of Turin. ECSA Review, Winter 2001