A European Central Bank?: Perspectives on Monetary Unification after Ten Years of the EMS

Paperback / softback

Main Details

Title A European Central Bank?: Perspectives on Monetary Unification after Ten Years of the EMS
Authors and Contributors      Edited by Marcello De Cecco
Edited by Alberto Giovannini
Physical Properties
Format:Paperback / softback
Pages:390
Dimensions(mm): Height 229,Width 152
ISBN/Barcode 9780521376235
ClassificationsDewey:332.11094
Audience
Professional & Vocational
Illustrations Worked examples or Exercises

Publishing Details

Publisher Cambridge University Press
Imprint Cambridge University Press
Publication Date 25 May 1989
Publication Country United Kingdom

Description

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 cental 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.

Reviews

"...a substantive addition to the growing body of research on European monetary policy issues." Finance and Development