Road to EMU: Managing the Transition to a Single European Currency - Softcover

Softcover

ISBN 10: 1898128081 ISBN 13: 9781898128083

Publisher: Prentice Hall & IBD, 1991

Synopsis

This Report from CEPR and the Paolo Baffi Centre for Monetary and Financial Economics focuses on the key issues involved in Stage II of Europe's transition to economic and monetary union. These issues include the degree of prior economic convergence required for EMU to succeed; whether the risk of currency realignments during the transition, the abolition of exchange controls, or continued economic integration may destabilize the Exchange Rate Mechanism of the EMS and possibly jeopardize the convergence that has occurred already; the functions of the proposed European Monetary Institute in Stage II; and the proposed constitution and responsibilities of the European System of Central Banks during Stage III. Based on a conference held in Milan in September 1991, organized by CEPR and the Paolo Baffi Centre, this Report includes an extended essay by Edward Balls on the issues discussed at the conference and non-technical, accessible summaries of the individual papers for the non-specialist.CEPR books are not available through Brookings in the UK and Europe.

Edition details

• Publisher: Prentice Hall & IBD
• Publication date: 1991
• Language: English
• ISBN 10: 1898128081
• ISBN 13: 9781898128083
• Binding: Paperback
• Number of pages: 122
• Editor: Balls Edward