After Maastricht: A Guide to European Monetary Union
Lawrence and Wishart Limited, 1997 - 264 pages
This is a comprehensive analysis of the issues surrounding monetary union. It presents a review of how EMU works and the ups and downs of history.
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Exchange rates and the balance of payments
Monetary integration in Europe
The crisis of the EMS
6 other sections not shown
Common terms and phrases
adjustment argued assets balance of payments borrowing Bretton Woods Britain British Bundesbank capital cent central bank centralised commercial banks competitive constraints coordination costs countries credit markets D-mark debt deficit devaluation disinflation dollar domestic economic agents effects employment etary Europe European Central Bank European Commission European integration European monetary example expenditure external financial markets financial system Firstly fiscal policy fixed exchange rates foreign exchange foreign exchange markets France functions Germany global gold growth important increase inflation inflationary institutions interest rates intervention investment issue Keynesian labour liquidity Maastricht Treaty macroeconomic ment monetarist monetary integration monetary policy monetary union Mundell-Fleming model neoliberal optimal currency area parities political pressure problems programme public finance public sector rate of interest reduce restrictive risk role seigniorage short-run stabilisation strategy tended theory tion trade transactions unification