Monetary Integration In Europe

Hardcover | November 15, 2007

byHörst Tomann, Horst Tomann

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The European Economic and Monetary Union comprises twelve member states and forms a currency area of considerable size and, until now, remarkable stability. Still, however, discussion is going on whether it can survive as an institution providing the highest degree of monetary integration which is a single monetary policy for a group of member countries with divergent economic performance. It is also questioned whether it can withstand financial crises in international markets and contribute to the stability of the global financial system. The book addresses these questions with special emphasis on the need for new forms of economic policy coordination.

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The European Economic and Monetary Union comprises twelve member states and forms a currency area of considerable size and, until now, remarkable stability. Still, however, discussion is going on whether it can survive as an institution providing the highest degree of monetary integration which is a single monetary policy for a group o...

HORST TOMANN is Jean Monnet Professor for European Economic Policy at the Economics Department, Freie University of Berlin, Germany. He received his academic education at the Universities of Cologne and the Saarland, and was a staff member at the German Council of Economic Experts. He has had several appointments as Visiting Professor...

other books by Hörst Tomann

Format:HardcoverDimensions:232 pages, 8.92 × 3.97 × 0.63 inPublished:November 15, 2007Publisher:Palgrave MacmillanLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:0230018882

ISBN - 13:9780230018884

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Table of Contents

The History of Monetary Integration in Europe * Theory of Optimum Currency Areas * The Economic and Monetary Union: Institutions and Credibility * The Monetary Policy Strategy of EMU * Fiscal Policy Coordination and the Stability and Growth Pact * The New European Monetary System * Real Convergence in a Monetary Union