The Transition to EMU in the Maastricht Treaty

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Publisher :
ISBN 13 :
Total Pages : 86 pages
Book Rating : 4.:/5 (321 download)

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Book Synopsis The Transition to EMU in the Maastricht Treaty by : Lorenzo Bini Smaghi

Download or read book The Transition to EMU in the Maastricht Treaty written by Lorenzo Bini Smaghi and published by . This book was released on 1994 with total page 86 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Selected Transition and Mediterranean Countries

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Publisher : International Monetary Fund
ISBN 13 : 1451850417
Total Pages : 64 pages
Book Rating : 4.4/5 (518 download)

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Book Synopsis Selected Transition and Mediterranean Countries by : Mr.Robert Alan Feldman

Download or read book Selected Transition and Mediterranean Countries written by Mr.Robert Alan Feldman and published by International Monetary Fund. This book was released on 1998-06-01 with total page 64 pages. Available in PDF, EPUB and Kindle. Book excerpt: Economic and Monetary Union (EMU) has a number of institutional implications for the transition countries of Central and Eastern Europe and selected Mediterranean countries that aspire to join the European Union (EU). After describing the current institutional framework for their relations with the EU, the paper examines two basic categories of institutional effects: those stemming from the need to satisfy the Maastricht convergence criteria before joining the euro area, and those stemming from the need to adopt the EU’s institutional and legal provisions in the area of EMU.

The Maastricht Treaty: Second Thoughts after 20 Years

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Publisher : Routledge
ISBN 13 : 113490701X
Total Pages : 188 pages
Book Rating : 4.1/5 (349 download)

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Book Synopsis The Maastricht Treaty: Second Thoughts after 20 Years by : Thomas Christiansen

Download or read book The Maastricht Treaty: Second Thoughts after 20 Years written by Thomas Christiansen and published by Routledge. This book was released on 2016-05-06 with total page 188 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Maastricht Treaty, signed in 1992 and ratified in the following year, is widely seen as a landmark in the evolution of the European Union. It introduced into the treaty framework revolutionary new elements such as the co-decision procedure between the Council and the European Parliament, cooperation in the area of Justice and Home Affairs, the Common Foreign and Security Policy and the "euro" as a single currency for the majority of the then member states. It also introduced the concept of European citizenship into the treaty, reflecting the rising expectations of both citizens and decision-makers in the European project, and upgraded the role of the European Council at the summit of the EU’s institutional structure. Twenty years later, each of these innovations remain of central importance for the process of European integration, while current developments provide a valuable opportunity to reflect on the historical decisions taken in Maastricht in order to assess their significance and examine the subsequent evolution of the Union. This volume brings together an international group of leading scholars in the field in order to provide such an assessment, with each article both looking back over the developments within each of these domains as well as looking ahead to the way in which the EU is positioned to address current challenges. This book was published as a special issue of the Journal of European Integration.

Economic and Monetary Union in Europe

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Publisher : Cambridge University Press
ISBN 13 : 9780521558839
Total Pages : 234 pages
Book Rating : 4.5/5 (588 download)

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Book Synopsis Economic and Monetary Union in Europe by : Peter B. Kenen

Download or read book Economic and Monetary Union in Europe written by Peter B. Kenen and published by Cambridge University Press. This book was released on 1995-09-29 with total page 234 pages. Available in PDF, EPUB and Kindle. Book excerpt: 1.The origins of EMU -- 2.The design of EMU -- 3.Monetary policy in Stage Three -- 4.Fiscal policy and EMU -- 5.EMU and the outside world -- 6.The transition to EMU -- 7.Reconsidering the transition -- 8.Getting on with EMU.

Stage Two

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Publisher :
ISBN 13 :
Total Pages : 68 pages
Book Rating : 4.X/5 (2 download)

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Book Synopsis Stage Two by : Michael J. Artis

Download or read book Stage Two written by Michael J. Artis and published by . This book was released on 1994 with total page 68 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Inflation Convergence During the Transition to EMU

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Publisher :
ISBN 13 :
Total Pages : 36 pages
Book Rating : 4.X/5 (2 download)

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Book Synopsis Inflation Convergence During the Transition to EMU by : Paul de Grauwe

Download or read book Inflation Convergence During the Transition to EMU written by Paul de Grauwe and published by . This book was released on 1992 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Transition to Economic and Monetary Union

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Publisher :
ISBN 13 :
Total Pages : 16 pages
Book Rating : 4.:/5 (319 download)

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Book Synopsis The Transition to Economic and Monetary Union by : Thu-Mai Ho-Kim

Download or read book The Transition to Economic and Monetary Union written by Thu-Mai Ho-Kim and published by . This book was released on 1999 with total page 16 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Road to Maastricht

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Publisher : Oxford University Press
ISBN 13 : 019829638X
Total Pages : 884 pages
Book Rating : 4.1/5 (982 download)

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Book Synopsis The Road to Maastricht by : Kenneth H. F. Dyson

Download or read book The Road to Maastricht written by Kenneth H. F. Dyson and published by Oxford University Press. This book was released on 1999 with total page 884 pages. Available in PDF, EPUB and Kindle. Book excerpt: Economic and monetary union in the European Union represents a massive change for Europe and for the world. The Road to Maastricht identifies why the agreement was possible and how the agreement was made. The book examines the motives that inspired European political leaders, the strategies that they pursued, and the institutions that were used to achieve monetary union. Drawing on a wide range of sources and unprecedented research and interviews, the book combines careful political analysis with new information about the way in which European Monetary Union was negotiated. It delves into the complex forces at work in Europe, including the cross-national political interactions, to produce an authoritative account of the boldest and riskiest venture in the history of European integration.

Completing the Maastricht Contract

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Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (137 download)

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Book Synopsis Completing the Maastricht Contract by : Patrick Leblond

Download or read book Completing the Maastricht Contract written by Patrick Leblond and published by . This book was released on 2004 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: When the Maastricht Treaty on European Union was finally ratified in 1993, many EU observers and participants expressed serious doubts that economic and monetary union (EMU) would ever take place. Nevertheless, five years later EMU took flight, on 1 January 1999, as planned. It is this puzzle that this article seeks to explain. It does so by focusing on how EU institutions completed the incomplete contract agreed by the Member States at Maastricht.

Governing the Varieties of Sovereign Risk in EMU

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Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (139 download)

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Book Synopsis Governing the Varieties of Sovereign Risk in EMU by : Ad van Riet

Download or read book Governing the Varieties of Sovereign Risk in EMU written by Ad van Riet and published by . This book was released on 2023 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The 30-year old Maastricht Treaty on European Union (EU) is based on the political vision that a stable euro requires sound budgetary policies and sustainable public finances in all the participating countries. This paper reviews the evolving European framework for governing the varieties of sovereign risk in the Economic and Monetary Union (EMU). The main finding is that a growing body of EU/EMU public policies with provisions contingent on the state of national economies, sustainable financial integration, or effective monetary transmission, works against fiscal discipline. EU fiscal rules allow for state-contingent compliance and include ample flexibility to account for mitigating relevant factors. EU financial governance provides public entities with a privileged access to private finance contingent on prudential considerations. The European Central Bank introduced contingent monetary policy tools for managing government bond spreads. Member States draw on EU/EMU quasi-fiscal agencies to create common contingent liabilities which escape EU fiscal oversight. The European response to the economic fallout from the Covid-19 pandemic added an EU-debt financed fiscal redistribution scheme contingent on national funding needs. Member States can also draw on this public risk-sharing tool to absorb the energy shock following the Russian invasion of Ukraine. The rise of state-contingent governance to suppress the varieties of sovereign risk in EMU marks the political transition from the Maastricht Treaty's focus on public risk reduction to a 'Next Generation EMU' which favours public risk-sharing. The challenge for the future will be to balance the need to stabilise the eurozone with the need for fiscal discipline.

European Monetary Integration

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Publisher : Springer Science & Business Media
ISBN 13 : 3642975402
Total Pages : 374 pages
Book Rating : 4.6/5 (429 download)

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Book Synopsis European Monetary Integration by : Paul J.J. Welfens

Download or read book European Monetary Integration written by Paul J.J. Welfens and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 374 pages. Available in PDF, EPUB and Kindle. Book excerpt: EC 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 EC trade volumes. Reduced capital controls and rising capital mobility as well as German unification caused shifts and shocks which undermined EMS stability in a critical period - the transition to EMU in accord with the Maastricht Treaty which called for further increasing monetary integration. The analysis focuses on these issues, the EMS crisis of 1992/93, the topic of optimum currency areas and the problem of fiscal policies/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 EC 1992 project affect the process of economic and monetary union.

EMU — A Swedish Perspective

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Publisher : Springer Science & Business Media
ISBN 13 : 1461561833
Total Pages : 372 pages
Book Rating : 4.4/5 (615 download)

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Book Synopsis EMU — A Swedish Perspective by : Lars Calmfors

Download or read book EMU — A Swedish Perspective written by Lars Calmfors and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 372 pages. Available in PDF, EPUB and Kindle. Book excerpt: EMU - A Swedish Perspective provides a comprehensive and up-to-date survey of the EMU project. The main advantages and disadvantages of a single currency are evaluated. A key feature of the analysis is the attempt to integrate economic and political aspects. The book is a revised version of the report by the Swedish Government Commission on the EMU. Although the analysis focuses on the consequences for Sweden of joining versus not joining the monetary union, it is highly relevant for the discussion in all EU countries. The book provides an in-depth analysis of how the demands on economic policy will be affected by the monetary union. Various chapters discuss monetary policy and inflation, fiscal policy, unemployment and labour markets, the transition to monetary union, and the exchange-rate arrangements between participants and non-participants. Other chapters analyse the importance of the EMU for European political integration, democratic aspects, and how membership in the monetary union will affect the possibilities for an individual member state to exert influence within the EU. EMU - A Swedish Perspective should be of interest to professional economists and political scientists, students, and all others who want to form an opinion about the monetary union on the basis of a balanced assessment of the consequences. EMU - A Swedish Perspective provides a comprehensive and up-to-date survey of the EMU project. The main advantages and disadvantages of a single currency are evaluated. A key feature of the analysis is the attempt to integrate economic and political aspects. The book is a revised version of the report by the Swedish Government Commission on the EMU. Although the analysis focuses on the consequences for Sweden of joining versus not joining the monetary union, it is highly relevant for the discussion in all EU countries.

Who Needs Bands? Exchange Rate Policy Before Emu

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Publisher : International Monetary Fund
ISBN 13 : 1451846282
Total Pages : 20 pages
Book Rating : 4.4/5 (518 download)

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Book Synopsis Who Needs Bands? Exchange Rate Policy Before Emu by : Mr.Tamim Bayoumi

Download or read book Who Needs Bands? Exchange Rate Policy Before Emu written by Mr.Tamim Bayoumi and published by International Monetary Fund. This book was released on 1995-04-01 with total page 20 pages. Available in PDF, EPUB and Kindle. Book excerpt: Two issues are discussed. The first is which countries might benefit from entry into EMU before the millennium. Germany and her immediate neighbors appear the most likely to gain; however, our knowledge is too uncertain to say whether all, some, or no countries would reap net economic benefits. The second issue is how to avoid exchange rate instability in the transition to EMU. Experience from earlier exchange rate regimes suggests that an early announcement the parities at which different currencies would enter EMU could reduce such instability if governments were willing to accept the required limitations on domestic policies.

The Ratification of the Maastricht Treaty

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Publisher : Martinus Nijhoff Publishers
ISBN 13 : 9004633626
Total Pages : 558 pages
Book Rating : 4.0/5 (46 download)

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Book Synopsis The Ratification of the Maastricht Treaty by : Finn Laursen

Download or read book The Ratification of the Maastricht Treaty written by Finn Laursen and published by Martinus Nijhoff Publishers. This book was released on 2023-08-28 with total page 558 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Towards a Strategic View on EMU

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Publisher :
ISBN 13 :
Total Pages : 44 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis Towards a Strategic View on EMU by : Bernhard Winkler

Download or read book Towards a Strategic View on EMU written by Bernhard Winkler and published by . This book was released on 1995 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Should the Maastricht Treaty be Saved?

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Publisher :
ISBN 13 :
Total Pages : 98 pages
Book Rating : 4.:/5 (4 download)

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Book Synopsis Should the Maastricht Treaty be Saved? by : Barry J. Eichengreen

Download or read book Should the Maastricht Treaty be Saved? written by Barry J. Eichengreen and published by . This book was released on 1992 with total page 98 pages. Available in PDF, EPUB and Kindle. Book excerpt: En este documento se retoma, tras los referendos danes y frances y la crisis de los mercados de cambios de septiembre de 1992, el debate sobre la union monetaria y el tratado de Maastricht. Analiza los beneficios de la union monetaria y la posibilidad de conseguirlos con medios menos radicales, como el mantenimiento firme de tipos de cambio fijos; los costes, mediante el examen de los mecanismos de ajuste alternativos al tipo de cambio (precios y salarios, migraciones, flujos de capital y transferencias fiscales interregionales); el papel del federalismo fiscal frente a las restricciones propuestas en Maastricht; el diseño del Banco Central Europeo (BCE), su independencia de las presiones politicas y responsabilidad en la supervision prudencial; la transicion a la moneda unica y al BCE, y la conveniencia de los criterios de convergencia adoptados. Finaliza con el estudio de las implicaciones de la UEM en el resto del mundo: demanda de dinero y coordinacion de la politica internacional. Contiene bibliografia. (pgp).

EMU, Getting the End Game Right

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Publisher : Centre for Economic Policy Research
ISBN 13 : 9781898128267
Total Pages : 102 pages
Book Rating : 4.1/5 (282 download)

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Book Synopsis EMU, Getting the End Game Right by : David K. H. Begg

Download or read book EMU, Getting the End Game Right written by David K. H. Begg and published by Centre for Economic Policy Research. This book was released on 1997 with total page 102 pages. Available in PDF, EPUB and Kindle. Book excerpt: Written by a team of distinguished European academics, this report looks at the final stage of Europe's transition to a monetary union.