The Economic and Business Consequences of the EMU

1. Front Matter

   Pages i-viii

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2. Beyond EMU : The Need for New Momentum

   • Freddy Heylen, Rudi Vander Vennet

   Pages 1-20

3. European Competitiveness and the Euro

   • Leif Johansson

   Pages 21-27

4. The Euro: The Issues for the Future

   • Horst Siebert

   Pages 29-52

5. EMU from an Historical Perspective

   • Jan Smets, Ivo Maes, Jan Michielsen

   Pages 53-92

6. Monetary Policy in the Euro Area and the First Year of the Eurosystem

   • Frank Smets

   Pages 93-123

7. How the Euro Affects Investments

   • William De Vijlder, Frédéric Mackel, Peter Praet

   Pages 125-153

8. The Evolution of National Tax Structures in View of the EMU

   • John Ashworth, Bruno Heyndels

   Pages 155-180

9. Challenges for Successful Wage Setting in Europe

   • Filip Abraham, Karolien De Bruyne, Isabel Van der Auwera

   Pages 181-209

10. EMU and European Labour Markets

    • Alain Borghijs, André Van Poeck

    Pages 211-237

11. Social Protection Competition in the EMU

    • Wim Meeusen, Glenn Rayp

    Pages 239-268

12. Central and Eastern European Countries and the Advent of the Euro: Is Euro-isation a Good Idea ?

    • Koen Schoors

    Pages 269-300

13. Price Differences and Price Setting in the European Car Market

    • Jan Bouckaert, Frank Verboven

    Pages 301-328

14. Strategy and the Euro: The Impact of the Single Currency on Business Strategy

    • Paul Verdin, Nick Van Heck

    Pages 329-354

15. Banking in the EMU: an Industrial Organization Perspective

    • Hans Degryse, Jan Bouckaert, Rudi Vander Vennet

    Pages 355-384

16. Impact of the Introduction of the Euro on Financial Reporting in the EMU

    • Peter Joos, Véronique Weets

    Pages 385-410

17. How will the Euro Affect Corporate Finance?

    • Marc Deloof, Sophie Manigart

    Pages 411-438

The Economic and Business Consequences of the EMU A Challenge for Governments, Financial Institutions and Firms Hubert Ooghe Conference Chairman, Vlerick Leuven Gent Management School alld Ghent University EMU finally got under way on 1 st January 1999. Since then 11 European countries share a common currency, the Euro, and pursue a common monetary policy managed by the European Central Bank (ECB). After forty years of economic integration, Euroland has the wherewithal with which to enter the 21 st century. However monetary union has implications for nearly all areas of economic activity and decision-making. Throughout the academic world researchers are fully occupied with the theoretical analysis of the impact of the Euro and the effects of incorporating the new operational framework into their economic models. Businesses and government departments are concerned primarily with the practical implementation of the single currency. For all those who playa part in the economy, it is a question of making the most of the macro and micro­ economic opportunities offered by the Euro and minimising any threats. On 17th and 18th March 2000, after the EMU and Euro were in operation for one year, an international conference was held in Ghent (Belgium) on the economic consequences of the introduction of the EMU and the Euro for governments, financial institutions and firms.

• Eastern Europe
• Euro
• European Central Bank
• Eurosystem
• development
• economic integration
• financial markets
• monetary policy
• monetary union

• Vlerick Leuven Gent Management School and Ghent University, Belgium

  Hubert Ooghe

• Ghent University, Belgium

  Freddy Heylen, Rudi Vennet

• Artesia Banking Corporation, Belgium

  Jan Vermaut

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