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European Monetary Integration

From German Dominance to an EC Central Bank?

  • Book
  • © 1991

Overview

Editors:
  1. Paul J. J. Welfens

    1. Fachbereich Wirtschaftswissenschaft, Universität Duisburg, Duisburg 1, Germany
      American Institute for Contemporary German Studies, The Johns Hopkins University, USA

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Table of contents (8 chapters)

  1. Front Matter

    Pages I-XII
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  2. Creating a European Central Bank after 1992: Issues of EC Monetary Integration and Problems of Institutional Innovation

    • Paul J. J. Welfens
    Pages 1-52

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

    • Michael W. Klein
    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
    Pages 95-131

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

    • Manfred Willms
    Pages 133-162

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

    • Franco Reither
    Pages 163-186

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

    • Peter Bofinger
    Pages 187-221

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

    • Jürgen von Hagen, Michele Fratianni
    Pages 223-253

  10. Back Matter

    Pages 255-262
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Keywords

About this book

Monetary integration in the EC will continue with the desired hardening of the European Monetary System that is expected to lead to an EC central bank in the 1990s. Why has the European Monetary System been so successful and what role has the Deutsche Bundesbank played in monetary policy and the EMS in Europe? This book gives an assessment of the EMS developments and its stability record, analyzes the impact of German monetary unification and shows how financial market liberalization as well as the EC 1992 project affect the process of Economic and Monetary Union. The progress in the EMS is occuring in a period of both thorough changes in the U.K. and in European East-West relations and global economic changes. The problems of EC monetary union and EC central banking are discussed and questions of the transition phase of monetary policy are raised. The further progress of EMU - including the creation of an EC central bank - is analyzed both theoretically and from a political-economy perspective. Creating a common central bank and an EC currency raises new issues for the consistency of monetary and fiscal policy in Europe, where U.S. experiences provide valuable insights.

Editors and Affiliations

  • Fachbereich Wirtschaftswissenschaft, Universität Duisburg, Duisburg 1, Germany

    Paul J. J. Welfens

  • American Institute for Contemporary German Studies, The Johns Hopkins University, USA

    Paul J. J. Welfens

Bibliographic Information

  • Book Title: European Monetary Integration

  • Book Subtitle: From German Dominance to an EC Central Bank?

  • Editors: Paul J. J. Welfens

  • DOI: https://doi.org/10.1007/978-3-642-97319-2

  • Publisher: Springer Berlin, Heidelberg

  • eBook Packages: Springer Book Archive

  • Copyright Information: Springer-Verlag Berlin · Heidelberg 1991

  • eBook ISBN: 978-3-642-97319-2Published: 06 December 2012

  • Edition Number: 1

  • Number of Pages: XII, 260

  • Topics: Economics, general, Finance, general

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