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Monetary union in motion : the European experience

By: Material type: TextTextPublication details: 2001Action note:
  • 10/29/01 JOY_D
Summary: Reviews the development of the European Union and the motivations that led it to European Monetary Union (EMU). Defines monetary union as a monetary constutition for a supranational monetary system and describes the characteristics of the European Central Bank (ECB). Underscores the propable implication of EMU according to how it is managed, and examines the link ( in a monetary union) between fiscal policy and the need to coordinate fiscal consolidation. Presents a list of the economic and political problems facing the ECB and EMU, and argues that the most serious difficulties are mainly political.
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Reviews the development of the European Union and the motivations that led it to European Monetary Union (EMU). Defines monetary union as a monetary constutition for a supranational monetary system and describes the characteristics of the European Central Bank (ECB). Underscores the propable implication of EMU according to how it is managed, and examines the link ( in a monetary union) between fiscal policy and the need to coordinate fiscal consolidation. Presents a list of the economic and political problems facing the ECB and EMU, and argues that the most serious difficulties are mainly political.

10/29/01 JOY_D

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