A European Central Bank?
Perspectives on Monetary Unification after Ten Years of the EMS
Marcello De Cecco editor Alberto Giovannini editor
Format:Paperback
Publisher:Cambridge University Press
Published:25th May '89
Currently unavailable, and unfortunately no date known when it will be back
The papers in this volume analyse the issues of having a single European currency.
The papers, featuring leading academics and central bankers, analyse the issues about having a single European currency. These essays examine the theoretical, empirical and historical reasons that identify the motivations for creating a European central bank.This volume, based on a conference held by the Italian Macroeconomic Policy Group and the centre for Economic Policy Research, examines the issues raised by European monetary unification. An introduction describes recent monetary developments and identifies the motivations for creating a European central bank. Theoretical papers analyse the interactions of capital controls, financial intermediation and seigniorage in open economies; the optimal design of centralized banks of issue by sovereign countries; and some new aspects of the 'optimal currency area' question. The empirical papers provide new evidence and interpretation of inflation experience across Europe and the attitudes of European central bankers about inflation and unemployment. The historical papers describe the experience of currency unification in Germany and Italy in the 19th century and the creation of the US Federal Reserve System. The volume concludes with a panel discussion on the feasibility of European monetary unification, featuring leading academics and central bankers.
"...a substantive addition to the growing body of research on European monetary policy issues." Finance and Development
ISBN: 9780521376235
Dimensions: 228mm x 152mm x 22mm
Weight: 492g
390 pages