The Creation Of The European Monetary Union Emu

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The Creation of the European Monetary Union (EMU)

Ramona Kraft
The Creation of the European Monetary Union EMU Book PDF

Author : Ramona Kraft
Publisher : GRIN Verlag
Page : 25 pages
File Size : 43,7 Mb
Release : 2007-09-26
Category : Electronic
ISBN : 9783638788687

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The Creation of the European Monetary Union (EMU) by Ramona Kraft Pdf

Essay from the year 2006 in the subject Economics - Monetary theory and policy, grade: 1,4, Dublin City University (Business School), course: Course EU Politics, 14 entries in the bibliography, language: English, abstract: The creation of the European and Monetary Union (EMU) has been one of the most determined and successful projects carried out by the European Union (EU) - and it is still in progress since eleven EU-countries are, following the Maastricht treaty, legally required to join the Eurozone as soon as they meet the convergence criteria. The reasons for the creation of EMU have been widely discussed among scholars; some focus on the request for political integration that would resulted from an EMU, some claim that the EMU was established to promote growth and investment. The assignment will hence "discuss how the creation of EMU was both an economic and politically driven process". Chapter 1 outlines events and agreements which indirectly led to the EMU. Chapter 2 assesses the Delors Report and the Stability and Growth Pact (SGP) which affect EMU directly . Chapter 3 concludes by analysing the mentioned 30-year process leading to the EMU and gives a brief outlook. This approach has been chosen because it is essential to study the historical events leading to the Delors Report and finally the Treaty on European Union (TEU) in order to analyse the creation of EMU.

A Concise History of European Monetary Integration

Horst Ungerer
A Concise History of European Monetary Integration Book PDF

Author : Horst Ungerer
Publisher : Praeger
Page : 360 pages
File Size : 49,5 Mb
Release : 1997-07-16
Category : Business & Economics
ISBN : STANFORD:36105019315014

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A Concise History of European Monetary Integration by Horst Ungerer Pdf

A comprehensive, concise--and unique--examination of the history of European monetary integration since the end of World War II, and how this fits into the anticipated economic and monetary union and closer political cooperation of European countries.

The European Monetary Union

Nicola Acocella
The European Monetary Union Book PDF

Author : Nicola Acocella
Publisher : Cambridge University Press
Page : 489 pages
File Size : 44,6 Mb
Release : 2020-08-27
Category : Business & Economics
ISBN : 9781108840873

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The European Monetary Union by Nicola Acocella Pdf

Analyzes the roots of Europe's economic decline, examining institutions of the European Union and exploring possibilities for reform.

One Money for Europe?

Malcolm Crawford
One Money for Europe Book PDF

Author : Malcolm Crawford
Publisher : Springer
Page : 390 pages
File Size : 44,5 Mb
Release : 2016-07-27
Category : Business & Economics
ISBN : 9781349250356

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One Money for Europe? by Malcolm Crawford Pdf

Europe is on the road to monetary union (EMU) even if there may be delays and diversions on the way. The focal point of EMU will be its single currency, valid throughout all participating countries, and replacing the national currencies. There will be considerable transitional pain and stress, most of all for member states with very high public debts. For the rest, the road ahead will not be smooth, but should be assisted by easier monetary policy in Germany since 1993. For some countries at least, the pain will be aggravated unnecessarily by design defects in the transitional rules for entry - which there is still time to remedy. The author - no admirer of a federal Europe - describes how EMU could actually work better in a confederal Europe with no federal chief executive and with a relatively weak Parliament. The independent Eurofed would be responsible for managing economic policy on an EC-wide basis, while national governments could use fiscal policies to mitigate local deviations. Weak regions and poor peripheral countries would require more flexible assistance from EC resources, however.

Political Aspects of the Economic Monetary Union

Soren Zibrandt von Dosenrode-Lynge
Political Aspects of the Economic Monetary Union Book PDF

Author : Soren Zibrandt von Dosenrode-Lynge
Publisher : Routledge
Page : 276 pages
File Size : 43,7 Mb
Release : 2018-02-06
Category : Social Science
ISBN : 9781351746328

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Political Aspects of the Economic Monetary Union by Soren Zibrandt von Dosenrode-Lynge Pdf

This title was first published in 2002: Concentrating on the myriad political aspects of European Monetary Union (EMU), this volume places the EMU and the European Union (EU) in a global context. It should be useful for scholars and students of European studies, economics, modern history and international relations. Libraries and embassies should also find it a valuable reference tool.

Should UK enter the EMU

Hartwin Maas
Should UK enter the EMU Book PDF

Author : Hartwin Maas
Publisher : GRIN Verlag
Page : 22 pages
File Size : 49,6 Mb
Release : 2008-08-25
Category : Political Science
ISBN : 9783640144280

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Should UK enter the EMU by Hartwin Maas Pdf

Essay from the year 2005 in the subject Business economics - Economic Policy, grade: 1,2, Arnhem Business School (Arnhem Business School), course: International Economics, 10 entries in the bibliography, language: English, abstract: Since the beginning of the idea of the European Monetary Union (EMU), UK had a negative attitude towards a single monetary policy with a single currency. This antipathy was amplified on the one hand by the withdrawal of the European Exchange Rate Mechanism in 1992 caused by different economic policies, oil price rises and German unification and on the other hand by the launch of the EMU in 1999. In fact the UK government starts to work towards cooperation with the EMU by setting specific goals. But before taking further steps, the criteria of the Maastricht Treaty have to be fulfilled and the five economic tests assessed by the UK government have to be passed. Since 1997 the UK has made real progress towards meeting the five economic tests. Although there are arguments that in a long term the payback of joining EMU offset the costs, the benefits are too low and the costs too high at the moment. The idea of one currency in Europe has been around for many years. But according to Pitchford the true launching of the EMU process dates from the Werner Committee which was set up in 1970 and submitted its final report, called 'the Werner Report', in February 1971. The first major step for the implementation of the Werner plan was the European 'currency snake' in 1972. Through this arrangement the fluctuations between participants' exchange rates should be limited to ± 2.25%. However, this process was not effective because of the collapse of the Bretton-Woods regime which determined a fixed exchange rate in terms of gold. The UK joined the snake system just for one month. A further step was the creation of the European Monetary System (EMS) in 1979. The main objective of this system was to create monetary stability in Europe. This should be realized by the fixed rates between the currencies of the participating countries which where settled on their value against the European Currency Unit (ECU4). The UK did not join in the EMS and was still remote at the time of Delors Report in 1989.

Inclusion of Central European Countries in the European Monetary Union

Paul C. de Grauwe,Vladimir Lavrac
Inclusion of Central European Countries in the European Monetary Union Book PDF

Author : Paul C. de Grauwe,Vladimir Lavrac
Publisher : Springer Science & Business Media
Page : 228 pages
File Size : 52,8 Mb
Release : 2012-12-06
Category : Business & Economics
ISBN : 9781461550730

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Inclusion of Central European Countries in the European Monetary Union by Paul C. de Grauwe,Vladimir Lavrac Pdf

The creation of the European Economic and Monetary Union (EMU) and the introduction of the euro is a historical event for the EU countries. The debates on the desirability of the EMU provoked a vast economic literature dealing with the theory of the optimum currency area, costs and benefits of the EMU, symmetric vs. asymmetric shocks, alternative mechanisms of adjustment in a monetary union and so forth. Until recently, for the Central European candidate countries for a full membership in the EU, these issues seemed to be too far away, as they concentrated on devising their own monetary and exchange rate systems suitable for their transition period. The challenges of the EMU for the Central European countries were practically not dealt with in both Western and Eastern economic literature. The present book aims to fill this gap, by focusing on the most direct issue of relevance for the Central European countries with respect to the EMU - why, how and when these countries are expected to join the EMU. The papers included in this volume study the relationship between the EU accession process of the Central European candidate countries and their involvement in the process of European monetary integration.

Monetary Unions

Forrest Capie,Geoffrey Edward Wood
Monetary Unions Book PDF

Author : Forrest Capie,Geoffrey Edward Wood
Publisher : Psychology Press
Page : 216 pages
File Size : 49,6 Mb
Release : 2003
Category : Business & Economics
ISBN : 0415300398

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Monetary Unions by Forrest Capie,Geoffrey Edward Wood Pdf

The Economic and Monetary Union (EMU) has prompted much discussion. This book stands back and considers the relevant theory or what lessons might be drawn from other unions that have been formed as well as looking at EMU directly.

European Monetary Union and International Capital Markets

Mr.Alessandro Prati,Mr.Garry J. Schinasi
European Monetary Union and International Capital Markets Book PDF

Author : Mr.Alessandro Prati,Mr.Garry J. Schinasi
Publisher : International Monetary Fund
Page : 62 pages
File Size : 53,7 Mb
Release : 1997-05-01
Category : Business & Economics
ISBN : 9781451848250

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European Monetary Union and International Capital Markets by Mr.Alessandro Prati,Mr.Garry J. Schinasi Pdf

This paper analyzes the structural implications of EMU for international capital markets. It discusses the potential size of euro capital markets and the existing roles of European currencies in international capital markets. The paper also examines the euro’s impact on international securities markets, including the role of the ECB, the evolution of EMU securities markets, and aspects of systemic risk management. The implications for wholesale and retail banking markets are also discussed, as are the broader implications of the introduction of the euro for changes in international capital flows, international portfolios, and by implication exchange rates.

Making the European Monetary Union

Harold James
Making the European Monetary Union Book PDF

Author : Harold James
Publisher : Harvard University Press
Page : 324 pages
File Size : 53,6 Mb
Release : 2012-11-19
Category : Business & Economics
ISBN : 9780674070943

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Making the European Monetary Union by Harold James Pdf

Europe’s financial crisis cannot be blamed on the Euro, Harold James contends in this probing exploration of the whys, whens, whos, and what-ifs of European monetary union. The current crisis goes deeper, to a series of problems that were debated but not resolved at the time of the Euro’s invention. Since the 1960s, Europeans had been looking for a way to address two conundrums simultaneously: the dollar’s privileged position in the international monetary system, and Germany’s persistent current account surpluses in Europe. The Euro was created under a politically independent central bank to meet the primary goal of price stability. But while the monetary side of union was clearly conceived, other prerequisites of stability were beyond the reach of technocratic central bankers. Issues such as fiscal rules and Europe-wide banking supervision and regulation were thoroughly discussed during planning in the late 1980s and 1990s, but remained in the hands of member states. That omission proved to be a cause of crisis decades later. Here is an account that helps readers understand the European monetary crisis in depth, by tracing behind-the-scenes negotiations using an array of sources unavailable until now, notably from the European Community’s Committee of Central Bank Governors and the Delors Committee of 1988–89, which set out the plan for how Europe could reach its goal of monetary union. As this foundational study makes clear, it was the constant friction between politicians and technocrats that shaped the Euro. And, Euro or no Euro, this clash will continue into the future.

European Monetary Integration

Daniel Gros,Niels Thygesen
European Monetary Integration Book PDF

Author : Daniel Gros,Niels Thygesen
Publisher : Longman Publishing Group
Page : 592 pages
File Size : 46,5 Mb
Release : 1998
Category : Business & Economics
ISBN : STANFORD:36105110117947

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European Monetary Integration by Daniel Gros,Niels Thygesen Pdf

This text provides an unrivalled account of the history, theory and practice of monetary integration in Europe.

The Euro

Madeleine Hösli
The Euro Book PDF

Author : Madeleine Hösli
Publisher : Lynne Rienner Pub
Page : 126 pages
File Size : 55,7 Mb
Release : 2005
Category : Business & Economics
ISBN : 1588263762

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The Euro by Madeleine Hösli Pdf

Tackling the alphabet soup of European Union treaties, structures, and policies, this straightforward introduction demystifies the European Economic and Monetary Union (EMU). Hosli first traces the history of monetary integration in Western Europe and discusses the political and economic factors that led ultimately to the establishment of EMU and the euro. Then - in language accessible to the nonspecialist - she explains how it actually works. Ranging from institutions to performance to the impact of the euro both within Europe and on the international monetary system, she provides a welcome primer on this new phenomenon in the global political economy.

European Monetary Integration

Emmanuel Apel
European Monetary Integration Book PDF

Author : Emmanuel Apel
Publisher : Routledge
Page : 258 pages
File Size : 51,7 Mb
Release : 2013-06-17
Category : Business & Economics
ISBN : 9781135096793

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European Monetary Integration by Emmanuel Apel Pdf

This book is an accessible introduction to European monetary integration which provides a historical background to current debates, as well as an analysis of future developments. Further features of this book include: * a chronology of economic and monetary unification from 1958-1999 * clear non-technical presentation of the economic issues regarding the costs and benefits of creating a monetary union * detailed presentation of the economic and legal framework for the changeover to a single European economy * evaluation of the Maastricht Treaty's plan for monetary union * an overview of the debate between the federalist approach and the inter-governmental co-operation approach towards economic and political integration of Europe * a set of questions and exercises illuminating the more technical parts of the book European Monetary Integration 1958-2002 is an excellent resource for all those who want to discover the facts about European monetary integration which lie behind the heated political rhetoric.

European Monetary Union

Prof H M Scobie
European Monetary Union Book PDF

Author : Prof H M Scobie
Publisher : Routledge
Page : 144 pages
File Size : 50,8 Mb
Release : 2004-01-14
Category : Business & Economics
ISBN : 9781134687862

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European Monetary Union by Prof H M Scobie Pdf

A detailed analysis of the economic effects of the changeover to a unified European currency and the pressures caused by a dual-currency system over the transition period to the Euro. Subjects discussed include: * fiscal transfer payments: the implications of the US structure for the EMU * consequences of parallel currency 1999-2002 * feasibility of a single currency without the exchange rate mechanism * the relationship between the UK and Europe * accounts of moves towards monetary union in Austria, Portugal and Finland.

EMU and the International Monetary System

Mr.Thomas Krueger,Mr.Paul R. Masson,Mr.Bart Turtelboom
EMU and the International Monetary System Book PDF

Author : Mr.Thomas Krueger,Mr.Paul R. Masson,Mr.Bart Turtelboom
Publisher : International Monetary Fund
Page : 580 pages
File Size : 49,9 Mb
Release : 1997-09-10
Category : Business & Economics
ISBN : 1557756643

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EMU and the International Monetary System by Mr.Thomas Krueger,Mr.Paul R. Masson,Mr.Bart Turtelboom Pdf

This book, edited by Paul R. Masson, Thomas Krueger, and Bart G. Turtelboom, contains the proceedings of the seminar held in Washington, D.C. on March 17-18, 1997, cosponsored by the IMF and Fondation Camille Gutt. Conference participants discussed implications of European Economic and Monetary Union (EMU) on exchange and financial markets, and consequently on the activities of market participants and private and official institutions. The five main themes of the seminar were the characteristics of the euro and its potential role as an international currency; EMU and international policy coordination; EMU and the relationship between the IMF and its EMU members; lessons of European monetary integration for the international monetary system; and the transitioin to EMU.