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OverviewEMU is a policy regime which has significant economic implications and which, it is hoped, will ultimately enhance the role of Europe on the world stage. This title takes stock of the initial experiences of EMU and assesses the challenges which will have to be addressed in the early years of its existence to ensure its long-term objectives are successfully achieved. Bringing together scholars and policymakers, the book considers some of the most pertinent and significant issues surrounding the euro from a variety of different perspectives. These include the behaviour of monetary and fiscal authorities, the implications for policy co-ordination, the impact of the euro on financial markets and the consequences of EU enlargement. Full Product DetailsAuthor: Marco Buti , André SapirPublisher: Edward Elgar Publishing Ltd Imprint: Edward Elgar Publishing Ltd Edition: illustrated edition Dimensions: Width: 15.60cm , Height: 3.20cm , Length: 23.40cm Weight: 0.876kg ISBN: 9781843761525ISBN 10: 1843761521 Pages: 512 Publication Date: 18 December 2002 Audience: College/higher education , Professional and scholarly , Undergraduate , Postgraduate, Research & Scholarly Format: Hardback Publisher's Status: Active Availability: To order  Stock availability from the supplier is unknown. We will order it for you and ship this item to you once it is received by us. Table of ContentsContents: Foreword by Commissioner Pedro Solbes PART I: OVERVIEW 1. EMU in the Early Years: Differences and Credibility Marco Buti and André Sapir PART II: MONETARY POLICY 2. Monetary Policy in the Early Years of EMU Jordi Galí 3. The ECB’s Monetary Policy Strategy: Responding to the Challenges of the Early Years of EMU Vítor Gaspar, Klaus Masuch and Huw Pill 4. Monetary Policy Transmission in EMU Massimo Suardi PART III: FISCAL POLICY 5. Fiscal Policy and EMU: Challenges of the Early Years Antonio Fatás and Ilian Mihov 6. Fiscal Policy in the Early Years of EMU Anne Brunila and Carlos Martinez-Mongay PART IV: POLICY COORDINATION 7. The Functioning of Economic Policy Coordination Jürgen von Hagen and Susanne Mundschenk 8. Economic Policy Coordination in EMU: Accomplishments and Challenges Servaas Deroose and Sven Langedijk 9. The EMU’s Economic Policy Principles: Words and Facts Jean Pisani-Ferry PART V: LABOUR MARKETS 10. EMU Labour Markets Two Years On: Microeconomic Tensions and Institutional Evolution Giuseppe Bertola and Tito Boeri 11. Wage Discipline in EMU. A Feature of the Early Years. Only? Karl Pichelmann PART VI: FINANCIAL MARKETS AND THE INTERNATIONAL FINANCIAL SYSTEM 12. EMU and Financial Market Structure Harry Huizinga 13. The Euro and the International Financial System Richard Portes 14. The Euro and the International Monetary System Johan Baras, Reinhard Felke and Daniel Daco PART VII: THE FUTURE OF EMU 15. EMU and Enlargement Barry Eichengreen and Fabio Ghironi 16. EMU – The First 10 Years: Challenges to the Sustainability and Price Stability of the Euro Area – What Does History Tell Us? Lars Jonung References IndexReviews'All the economists who have contributed to this volume are both distinguished scholars and active participants in the policy debate. Over the years, they have greatly helped policymakers, at the national and Union levels, to identify and understand the difficult policy choices involved in the running of EMU. I am grateful for their contribution to the success of the euro.' -- From the foreword by Pedro Solbes Author InformationEdited by Marco Buti, Director of the Economies of the Member States, European Commission, Brussels, Belgium and André Sapir, Professor of Economics, ECARES, Université Libre de Bruxelles, Belgium Tab Content 6Author Website:Countries AvailableAll regions |
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