Format:
Online-Ressource (XV, 218 p)
,
digital
Edition:
Springer eBook Collection. Business and Economics
ISBN:
9783642570322
Series Statement:
European and Transatlantic Studies
Content:
The book proposes a monetary policy regime that is suitable for the European Periphery on the road to the euro. The first part examines the relation between the eleven founding members of the EMU and countries staying out of the EMU - paying particular attention to the European Periphery that includes Greece and all those CEE transition countries which have recently applied for EU membership. The second part of the book argues against ERM-II participation for those countries. It stresses the limits in efficiency of an ERM-II arrangement in a world of increased international capital movements, fiscal imbalances, and asymmetric real shocks. The third part offers a consistent and credible monetary framework for the achievement of price stability at the European Periphery: adoption of explicit and formal inflation targets together with political and economic independence of the central bank
Note:
1999 and the European periphery -- An assessment of monetary strategies -- A new credible strategy.The complete table of contents can be found on the Internet: http://www.springer.de.
Additional Edition:
ISBN 9783642631184
Additional Edition:
Erscheint auch als Druck-Ausgabe ISBN 9783540669326
Additional Edition:
Erscheint auch als Druck-Ausgabe ISBN 9783642631184
Additional Edition:
Erscheint auch als Druck-Ausgabe ISBN 9783642570339
Language:
English
DOI:
10.1007/978-3-642-57032-2
URL:
Volltext
(lizenzpflichtig)
