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Monetary Union and Monetary Obligations
2023Abstract This chapter evaluates the effect of monetary union on monetary obligations. Monetary union in Europe involved the effective disappearance of eleven national currencies with effect from 1 January 1999. The physical indicia of those currencies remained in circulation until the early part of 2002, but during this transitional ...
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Monetary management in a monetary union
European Economic Review, 1991Abstract The design and implementation of monetary policy in the EMU raises a number of difficult conceptual issues, though less complex than those of the transition. The Delors Report (1989) addressed three issues, in particular: (1) the appropriate mandate for the European system of Central Banks (ESCB): (2) the relationship of the ESCB to national
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Monetary Union and Monetary Policy: A Review of the German Monetary Union
1994On July 1, 1990, East and West Germany formed a monetary union which made the Deutsche Mark (DM) the only legal tender and the German Bundesbank the sole monetary authority in the unified currency area. While East Germany continued to exist as a political entity until October 2 of the same year, its currency, the Mark, was replaced by the DM ...
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The Failure of the Latin Monetary Union: a Warning for the Economic Monetary Union?
2015Avec l’entrée en vigueur du traité sur l’Union monétaire latine (ULM, 1865), la France, l’Italie, la Belgique et la Suisse établirent un système spécial d’échange entre leurs monnaies afin de les rendre librement utilisables dans leurs territoires nationaux.
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Monetary conservatism and fiscal coordination in a monetary union
Economics Letters, 2006zbMATH Open Web Interface contents unavailable due to conflicting licenses.
ACOCELLA, Nicola +2 more
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2003
Abstract This chapter focuses on the political dimension of monetary union — key domestic and international political issues involved when sovereign states consider either currency unification or formal dollarization. It examines the role of policies in the context of two distinct stages: at the time when the initial decision is made to ...
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Abstract This chapter focuses on the political dimension of monetary union — key domestic and international political issues involved when sovereign states consider either currency unification or formal dollarization. It examines the role of policies in the context of two distinct stages: at the time when the initial decision is made to ...
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Monetary Union and Pegging in the Presence of Labor Unions*
The Scandinavian Journal of Economics, 2012AbstractAs the European Economic and Monetary Union grows, power over monetary policy is shifting away from the original founders. Previously, researchers have analyzed the impact of replacing an exchange‐rate peg with a monetary union in the presence of labor unions.
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CESifo Forum, 2006 Macroprudential Policy in a Monetary Union
Comparative Economic Studies, 2019Salim Dehmej, L. Gambacorta
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Monetary Union and Political Union
2000Abstract The question of whether European Monetary Union is conceivable in the absence of political union is addressed in the light of the declaration made in 1989 by Nigel Lawson (then the British Chancellor of the Exchequer) that ‘monetary unity would require political union, which is not on the agenda’.
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