European Monetary Union: An Application of the Fundamental Principles of Monetary TheoryThis study applies five basic economic principles to the reasons underlying European economic and monetary union. It aims to explain why EMU was agreed to; when it would be realized; how the monetary unit would be established; which means should implement it; and what purpose it should serve. |
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Page 273
... European Currency on Centre - Periphery Relations within the Community ' in Association for the Monetary Union of ... European Capital Market and Other Lectures , Brussels : Kredietbank . Commission of the EC , ( 1979 ) , The European ...
... European Currency on Centre - Periphery Relations within the Community ' in Association for the Monetary Union of ... European Capital Market and Other Lectures , Brussels : Kredietbank . Commission of the EC , ( 1979 ) , The European ...
Page 277
... European Parliament ( 1986 ) , US - EC Monetary Relations , Economic Series , No 8 . European Parliament ( 1992 ) , Maastricht : The Treaty on European Union ; the position of the European Parliament , Rapporteurs : D. Martin and F ...
... European Parliament ( 1986 ) , US - EC Monetary Relations , Economic Series , No 8 . European Parliament ( 1992 ) , Maastricht : The Treaty on European Union ; the position of the European Parliament , Rapporteurs : D. Martin and F ...
Page 299
... European Monetary Area in World Trade ' , Banca Nationale del Lavoro , March , pp . 3-35 . Triffin , R. ( 1977 ) , ' A European Parallel Currency as a Shelter Against Exchange Rate Instability ' , Bulletin del ' Ires , No 45 , Louvain ...
... European Monetary Area in World Trade ' , Banca Nationale del Lavoro , March , pp . 3-35 . Triffin , R. ( 1977 ) , ' A European Parallel Currency as a Shelter Against Exchange Rate Instability ' , Bulletin del ' Ires , No 45 , Louvain ...
Contents
Treaty on economic and monetary union | 15 |
A monetarytheoretic approach to | 76 |
7 | 111 |
Copyright | |
9 other sections not shown
Common terms and phrases
anchor argued assets assumed assumption Bundesbank chapter Cipolla commodity money Community competitive confidence externalities convergence countries debt deficits demand determined economic effects efficiency equation equilibrium ESCB established European Monetary European Monetary System exchange rate expectations external economy fixed exchange rates function fund global growth H1 to H5 Hence Hicks income increase induced inflation instability instruments integration interdependence interest rate internalised investment Keynes Keynes's liquidity preference London marginal Member monetary institutions monetary policy monetary system monetary theory Monetary Union money externalities money process money supply national central banks Optimum Currency Areas parallel currency payments political price level externalities price stability private ECU production rate of interest reserves savings sector seigniorage seigniorage externalities service of availability single currency stage of EMU store of value systemic risk technological externalities theoretical theory of money Thygesen trade transaction costs Triffin Walras Walras's paper money