Genre : European Economic Community countries
ISBN : WISC:89091410076
Type Books : PDF & Epub
File Pages :
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Recoge: 1. The Transitional period - 2. The introduction of EURO notes and coins - 3. The international development of the EURO.
This publication is a compilation of legal texts and political agreements which have been approved by the Council of the EU or the European Council, and which are essential for the implementation of monetary union.
This is an examination of the monetary integration of the group of countries which constitute the Economic and Monetary Union (EMU), signalling the emergence of a truly European Economy. It analyzes the macroeconomic policies within the EMU and the thinking that underlies their conduct.
This book investigates the social, cultural, political, and economic impact of the euro to the era of European nationalism.
This paper explores the implications of the European single currency within a simple sticky price intertemporal model. The main issue we focus on is how the euro may alter the responsiveness of consumer prices to exchange rate changes. Our central conjectures is that the acceptance of the euro will lead European prices to become more insulated from exchange-rate volatility, much the way U.S. consumer prices already are. We show that this has profound consequences for both the volatility and levels of macroeconomic aggregates in both the U.S. and Europe. We find that European welfare is enhanced, and, more surprisingly U.S. shares in Europe's good fortune. Alternative assumptions about how pricing behavior will change lead to different conclusions, but in all cases we can derive specific implications for expected levels and volatility of macroeconomic varialbes.