Economic and monetary union in Europe : moving beyond Maastricht /

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Bibliographic Details
Author / Creator:Kenen, Peter B., 1932-2012.
Imprint:Cambridge [England] ; New York, N.Y. : Cambridge University Press, 1995.
Description:1 online resource (ix, 219 pages) : illustrations
Language:English
Subject:
Format: E-Resource Book
URL for this record:http://pi.lib.uchicago.edu/1001/cat/bib/11113507
Hidden Bibliographic Details
ISBN:0511002513
9780511002519
9780521558839
0521558832
052147079X
0521558832
Notes:Includes bibliographical references (pages 195-209) and index.
English.
Print version record.
Summary:This book provides a comprehensive account and analysis of the plan for European monetary union contained in the Maastricht Treaty. The provisions of the treaty itself are examined, showing how they evolved, what must be done to implement them, and some of the problems they will pose. Kenen goes far beyond the treaty, however, to survey and adapt recent research by economists on the benefits and costs of monetary unions, the conduct of monetary policy, and the consequences of large public deficits and debts. The European exchange-rate crises of 1992 and 1993 are analyzed, as well as their impact on the prospects for monetary union and the problems they pose for implementation of the Maastricht Treaty. The author makes specific proposals to handle the transition to a single currency, integrate the existing central banks into a single system, and modify parts of the treaty itself. The implications of European monetary union for the international monetary system in the mid-to-late 1990s are also considered.
Other form:Print version: Kenen, Peter B., 1932- Economic and monetary union in Europe. Cambridge [England] ; New York, N.Y. : Cambridge University Press, 1995 052147079X