European Monetary Integration

1. Front Matter

   Pages I-XVIII

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2. European Monetary Union: Post-Maastricht Perspectives on Monetary and Real Integration in Europe

   • Paul J. J. Welfens, C. Randall Henning

   Pages 1-51

3. The European Monetary System and European Integration: An Evaluation

   • Michael W. Klein, Vittorio Grilli

   Pages 53-78

4. Basic Features of a European Monetary Order

   • Karl Otto Pöhl

   Pages 79-93

5. Towards Monetary Union in the European Community: Why and How

   • Daniel Gros, Niels Thygesen, Alan G. Isaac

   Pages 95-131

6. German Monetary Unification and European Monetary Union: Theoretical Issues and Strategic Policy Problems

   • Manfred Willms, John Willamson

   Pages 133-162

7. Liberalization and Regulation in the Process of Financial Market Integration in the European Community

   • Franco Reither, Sydney J. Key

   Pages 163-186

8. Problems of European Monetary Policy Coordination in the Transition Phase

   • Peter Bofinger, Horst Ungerer

   Pages 187-221

9. Creating a European Central Bank After 1992: Issues of EC Monetary Integration and Problems of Institutional Innovation

   • Paul J. J. Welfens, George M. von Furstenberg

   Pages 223-274

10. Monetary and Fiscal Policy in a European Monetary Union: Some Public Choice Considerations

    • Jürgen von Hagen, Michele Fratianni, Robert Solomon

    Pages 275-305

11. What can the Fiscal Systems in the United States and Canada Tell Us about EMU

    • Tamim Bayoumi, Paul R. Masson, Susan M. Collins

    Pages 307-334

12. The European Community as an Optimum Currency Area

    • Stephen Overturf, Karen H. Johnson

    Pages 335-354

13. Back Matter

    Pages 355-386

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EU monetary integration was reinforced in the 1980s when macroeconomic convergence and a dominant role of the German Bundesbank created the basis for relatively stable exchange rates and increasing EU trade volumes. The analysis here focuses on the EMS crisis of 1992/93, the topic of optimum currency areas and the problem of fiscal policies and regional stabilization in Europe, the US and Canada. This book gives an assessment of the EMS developments and shows how financial market liberalization as well as the EU single market project affect the process of economic and monetary union. The role of currency substitution and problems of the Bundesbank's monetary policy control in a changing international system are evaluated.

• Europa
• European Community
• European Integration
• European Monetary Integration
• European Monetary Union
• European Union
• Europäische Union
• Europäisches Währungssystem
• Geldpolitik
• International Economics
• Maastric
• Maastricht
• Maastricht Treaty
• europe

• Witschafts- und Sozialwissenschaftliche Fakultät Lehrstuhl Wirtschaftspolitik/Internationale Wirtschaftsbeziehungen, University of Potsdam, Potsdam, Germany

  Paul J. J. Welfens

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