European Monetary Union : The Way Forward book cover
1st Edition

European Monetary Union
The Way Forward

Edited By

Prof H M Scobie




ISBN 9780415174084
Published January 26, 1998 by Routledge
144 Pages

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Book Description

A detailed analysis of the economic effects of the changeover to a unified European currency and the pressures caused by a dual-currency system over the transition period to the Euro. Subjects discussed include:
* fiscal transfer payments: the implications of the US structure for the EMU
* consequences of parallel currency 1999-2002
* feasibility of a single currency without the exchange rate mechanism
* the relationship between the UK and Europe
* accounts of moves towards monetary union in Austria, Portugal and Finland.

Table of Contents

1 THE CHANGEOVER TO A UNIFIED EUROPEAN CURRENCY: WHY A ‘BIG BANG’ APPROACH IS NECESSARY 2 FISCAL TRANSFER PAYMENTS: IMPLICATIONS OF US STRUCTURE FOR THE EUROPEAN MONETARY UNION 3 EUROPEAN MONETARY UNION: SINGLE CURRENCY FEASIBLE WITHOUT THE ERM 4 THE SINGLE CURRENCY 5 EMU: THE OBSTACLE RACE TO SUCCESS 6 THE UNITED KINGDOM AND EUROPE 7 SOME THOUGHTS ON THE MONETARY FRAMEWORK IN EMU 8 FINLAND ON THE WAY TO THE EMU 9 THE INTERNATIONAL COMPETITIVENESS OF EUROPEAN MANUFACTURING: EVIDENCE FROM COST AND PRICE MEASURES 10 AUSTRIA ON THE WAY TO EMU 11 ADHERING TO THE CONVERGENCE CRITERIA: THE CASE OF PORTUGAL

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Editor(s)

Biography

Professor H.M.Scobie is Director of the European Economics and Financial Centre, London.