One Market, One Money
An Evaluation of the Potential Benefits and Costs of Forming an Economic and Monetary Union
Published on 27. February 1992
Book
Paperback/Softback
354 pages
978-0-19-877324-5 (ISBN)
Description
This first volume of two on European Monetary Union (EMU) is based on the work, and gives the view, of the Commission of the European Communities. It provides a general introduction to the issues.
The EMU project is outlined and its benefits and costs examined, including the implications for public finances and the impact on the international system. The author also looks at transitional issues in general, at national perspectives, transaction costs, and macroeconomic model simulations.
The EMU project is outlined and its benefits and costs examined, including the implications for public finances and the impact on the international system. The author also looks at transitional issues in general, at national perspectives, transaction costs, and macroeconomic model simulations.
Reviews / Votes
`An excellent evaluation of the prospects of EMU.'M.J. Riley, Thames Polytechnic 'a thorough economic appraisal by the Commission of the likely economic effects - costs as well as benefits - of the move to EMU ... Even after the Maastricht Summit, this analysis, which is not targeted exclusively at economists, loses none of its interest.'
Europe, No. 5680, 2/3 March 1992 'well-organized book ... this book will be a valuable source of ideas and information to readers on both sides of what could be one of the most important arguments on the 1990s agenda for specialists in international economics and politics'
G.T. Potter, emeritus, Ramapo College of New Jersey, Choice, Oct '92 `Excellent study of the costs and benefits of monetary unification.'
Nigel Grimwade, South Bank University `Useful for its analysis of monetary union. No equivalent at this level to the best of my knowledge.'
C. McPherson, Humberside University
More details
Language
English
Place of publication
Oxford
United Kingdom
Target group
Professional and scholarly
Illustrations
line drawings, tables
Dimensions
Height: 247 mm
Width: 189 mm
Thickness: 20 mm
Weight
797 gr
ISBN-13
978-0-19-877324-5 (9780198773245)
Copyright in bibliographic data and cover images is held by Nielsen Book Services Limited or by the publishers or by their respective licensors: all rights reserved.
Schweitzer Classification
Persons
Content
Executive Summary; A: Synthesis and Economic Principles: Synthesis; The Economics of EMU; B: The Main Benefits and Costs: Efficiency Gains; Benefits of Stable Prices; Implications for Public Finance; Adjusting without the Nominal Exchange Rate; External Dimensions; C: The Impact Through Time and Space: Transitional Issues; Spatial Aspects; National Perspectives on the Costs and Benefits of EMU; Annexes: Exchange Transaction Costs; Germany and the Netherlands: the Case of a de facto Monetary Union; European and German Economic and Monetary Union: a Comparison; Shocks and Adjustment in EMU: Simulations with the Quest Model; Exchange Rate Regimes in the EC: Simulations with the Multimod Model