Transaction to a Common Currency: Journey to an Unknown Destination?

Lingua: inglese

Editore: Diplom.De Mär 1999, 1999

3838613503 / 9783838613505

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This item is printed on demand - Print on Demand Titel. Neuware -Inhaltsangabe:Abstract:'One Market - One Money.' On paper the future of European Monetary Integration never looked more promising than now: The Maastricht Treaty has finally been ratified by all twelve member governments in mid October 1993, even the most sceptical states Denmark and the U.K., so that the aim of European Monetary Union (E.M.U.) rests on a solid legal basis now. On January 1, 1994 the European Monetary Institute (E.M.I.) began its operations with a goal of intensifying monetary coordination in Europe.}In addition, the E.M.I. will prepare the conceptual groundwork for the activities of the future European Central Bank (E.C.B.). The ' Road to a common Europe' has been opened and monetary policy roadsigns point in the direction of European Monetary Union with a single currency.In reality, the prospects of the achievement of E.M.U. have deteriorated in the course of 1993 and under present conditions the likelihood of a failure of the Maastricht Treaty is quite high.The European currency crises in September 1993 led to realignments within the European Monetary System (E.M.S.) and fluctuation margins were widened to +/- 15 per cent. These events and a breakdown of cooperation between national monetary authorities have raised doubts about the feasibility of the timetable for moving towards full monetary union.This thesis provides an overview of the progress towards a monetary union, including a common currency, in the European Community (E.C.).In addition, it examines whether the approach to monetary union remains viable and if so, the circumstances under which monetary union will eventually happen.Inhaltsverzeichnis:Table of Contents:AcknowledgementsIVAbbreviationsVList of Tables and FiguresVIPART I1.Introduction12.Developments and Purposes to European Honetary Union 42.1Definition of a Monetary Union42.1.1Background to the current Initiative on European Monetary Union52.1.2Why European Monetary Union now 82.2Characteristics and Objectives of European Monetary Union102.2.1A Single Currency102.2.2Free Movement of Capital112.2.3Coordination of Macroeconomic Policies12PART II3. The Institutional Framework and Transition to a Common Currency123.1The Maastricht Treaty - A 'Three Stage Approach'123.1.1Stage One133.1.2Stage Two 133.1.2.1Introduction of the European Monetary Institute143.1.2.2Characteristics and Tasks of the European Monetary Institute153.1.2.3Frankfurt - Home of the [¿]Diplomica Verlag, Hermannstal 119k, 22119 Hamburg 80 pp. Englisch.…

Codice articolo 9783838613505

Titolo
Transaction to a Common Currency: Journey to an Unknown Destination?
Autore
Gabriele Tacke
Editore
Diplom.De Mär 1999
Anno di pubblicazione
1999
Condizione
Neu
Rilegatura
Taschenbuch
Lingua
inglese
ISBN 10
3838613503
ISBN 13
9783838613505
Peso dell'articolo
129 grammi
Dimensioni
210x148x6 mm

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