A detailed analysis of the economic effects of the changeover to a unified European currency and the pressures caused by a dual-currency system over the transition period to the Euro. Subjects discussed include: * fiscal transfer payments: the implications of the US structure for the EMU * consequences of parallel currency 1999-2002 * feasibility of a single currency without the exchange rate mechanism * the relationship between the UK and Europe * accounts of moves towards monetary union in Austria, Portugal and Finland.
A detailed analysis of the economic effects of the changeover to a unified European currency and the pressures caused by a dual-currency system over the transition period to the Euro. Subjects discussed include: * fiscal transfer payments: the implications of the US structure for the EMU * consequences of parallel currency 1999-2002 * feasibility of a single currency without the exchange rate mechanism * the relationship between the UK and Europe * accounts of moves towards monetary union in Austria, Portugal and Finland.
When the European Monetary System (EMS) was created in 1978, economists on both sides of the Atlantic predicted its early failure. Today, EMS is alive and well, continuing to defy conventional...
This book represents the revised and enlarged results of a research projeet whieh recieved fmaneial support from the "Wissenschaftsförderung der Sparkassenorganisation e.V." and was originally...
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