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. |
From inside the book
Results 1-3 of 53
Page viii
... Bank for International Settlements Centre for Economic Policy Research Commission of the European Union Republic of Germany DI DK Divergence Indicator Denmark DKR Danish krone DM Deutsche mark DR Greek drachma E Spain ECB European Central ...
... Bank for International Settlements Centre for Economic Policy Research Commission of the European Union Republic of Germany DI DK Divergence Indicator Denmark DKR Danish krone DM Deutsche mark DR Greek drachma E Spain ECB European Central ...
Page 3
... European Currency Unit ( ECU ) ; a single monetary policy will be pursued by the European System of Central Banks ( ESCB ) , containing an independent European Central Bank ( ECB ) ; a single exchange rate policy will be determined by ...
... European Currency Unit ( ECU ) ; a single monetary policy will be pursued by the European System of Central Banks ( ESCB ) , containing an independent European Central Bank ( ECB ) ; a single exchange rate policy will be determined by ...
Page 54
... central banks on monetary policy . Another task of EMI would be to prepare the third stage by designing the instruments and procedures for carrying out a single monetary policy , by harmonising the compilation ... European Central Bank (ECB)
... central banks on monetary policy . Another task of EMI would be to prepare the third stage by designing the instruments and procedures for carrying out a single monetary policy , by harmonising the compilation ... European Central Bank (ECB)
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