European Monetary Integration
EMS Developments and International Post-Maastricht Perspectives
EC monetary integration was reinforced in the 1980s whenmacroeconomic convergence and a dominant role of the GermanBundesbank created the basis for relatively stable exchangerates and increasing EC trade volumes. Reduced capitalcontrols and rising capital mobility as well as Germanunification caused shifts and shocks which undermined EMSstability in a critical period - the transition to EMU inaccord with the Maastricht Treaty which called for furtherincreasing monetary integration. The analysis focuses onthese issues, the EMS crisis of 1992/93, the topic ofoptimum currency areas and the pro…
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Produktdetails
- ISBN: 978-3-642-97540-0
- EAN: 9783642975400
- Produktnummer: 38252822
- Verlag: Springer Berlin Heidelberg
- Sprache: Englisch
- Erscheinungsjahr: 2012
- Seitenangabe: 364 S.
- Plattform: PDF
- Auflage: 2nd ed. 1994
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