Hidden Bibliographic Details
| Other authors / contributors: | Mottu, Eric.
International Monetary Fund. Fiscal Affairs Department.
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| ISBN: | 1283553597
9781283553599
1451904126
9781451904123
1462331696
9781462331697
1452747164
9781452747163
9786613866042
6613866040
9781451975550
1451975554
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| Notes: | Includes bibliographical references (pages 29-32).
Restrictions unspecified
Electronic reproduction. [Place of publication not identified] : HathiTrust Digital Library, 2010.
Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. http://purl.oclc.org/DLF/benchrepro0212
English.
digitized 2010 HathiTrust Digital Library committed to preserve
Print version record.
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| Summary: | The commencement of the third stage of the European Economic and Monetary Union (EMU) on January 1, 1999 will see the creation of a common currency, the euro. The scope for independent national monetary and exchange rate policies will disappear, and their design and conduct will become the responsibility of the European System of Central Banks (ESCB). The primary objective of the ESCB, which is comprised of the European Central Bank (ECB) and the national central banks of the eleven EMU participants, will be to maintain price stability. As the central bank of the euro area, the ECB will have a high degree of independence and accountability, and will be prohibited from directly financing governments and European Union (EU) institutions.
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| Other form: | Print version: Cangiano, M. (Marco). Will fiscal policy be effective under EMU? [Washington, D.C.] : International Monetary Fund, Fiscal Affairs Department, ©1998
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| Standard no.: | 10.5089/9781451904123.001
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