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European Monetary Integration (CESifo Seminar Series)

The success of European monetary integration — called by the editors of this CESifo volume “one of the most far-reaching, real world experiments in monetary policy to date” — is not assured. Policy makers have been forced to deal with challenges posed by formulating a uniform monetary policy for countries with asymmetric business cycles and economies in different stages of development as well as with the fiscal and financial implications of a unified currency.The contributors to European Monetary Integration, all prominent economists and scholars, combine theoretical analysis and policy recommendation in their examination of these difficulties. In the first three chapters they consider issues raised by asymmetry problems, including imperfect labor and goods markets, the problem of monetary policy objectives when “one size does not fit all,” and the possibility of a bias toward smaller countries in the “one country, one vote” constitutional structure of the European Central Bank. In the last three chapters, they discuss fiscal concerns, including the distribution of seignorage revenues and the interaction of European Central Bank monetary policies and asset price dynamics.

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Author: Hans-Werner Sinn

Editor/Translator: Hans-Werner Sinn, Mika Widgrén, Marko Köthenbürger,

Edition: y First Edition

Binding: Hardcover

Condition: New

Manufacturer: The MIT Press

Number of items: 1

Number of pages: 200

Product group: Book

Studio: The MIT Press

Publication Date: March 19, 2004

Publisher: The MIT Press

Pages: 200

EAN: 9780262194990

ISBN: 0262194996

ASIN: 0262194996

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Hans-Werner Sinn
Präsident des ifo Instituts a.D., Professor für Nationalökonomie und Finanzwissenschaft an der Universität München Impressum: http://www.hanswernersinn.de/de/impressum