ENGLISH

Monetary Integration in Europe

By Horst Tomann

Book information

Publisher
Palgrave Macmillan
Year
2007
ISBN
0230018882, 9780230018884
Language
english
Format
PDF
Filesize
21 MB (22506406 bytes)
Series
Studies in Economic Transition
Edition
First Edition
Pages
232\169
Time added
2015-07-17 16:26:59

Description

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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