Description
This passage discusses the political and economic implications of the planned monetary union in 1999. The authors cover topics such as the effect on fiscal and monetary policies, central bank independence, unemployment, ERM II, and international perspectives. They use a non-technical approach and draw on their experience in European financial markets to discuss these issues.
Monetary union is expected to take place in 1999 - the conclusion of many years of diplomatic effort and slow economic convergence. This book places the whole issue of monetary union in its wider political economic context. The authors discuss: the effect of EMU on fiscal and monetary policies; central bank independence; the impact of EMU on unemployment; ERM II; and international perspectives. Drawing on their experience in the European financial markets, the authors use a non-technical approach to discuss these issues - both in a general sense and in specific country experiences.
Related Products
