Economic and Monetary Union in Europe
Moving beyond Maastricht
By (author) Peter B. Kenen
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Economic and Monetary Union in Europe by Peter B. Kenen
Book DescriptionThis 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.
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Book DetailsISBN: 9780521558839
(228mm x 152mm x 13mm)
Imprint: Cambridge University Press
Publisher: Cambridge University Press
Publish Date: 29-Sep-1995
Country of Publication: United Kingdom
Books By Author Peter B. Kenen
International Trade and Finance, Paperback (July 2008)
The nine papers in this volume were written for a conference on research in international trade and finance held at Princeton University in March 1973.
Regional Monetary Integration, Paperback (November 2007)
This book surveys the prospects for regional monetary integration in various parts of the world.
International Economy, Paperback (January 2000)
This text is a rigorous introduction to international economics for upper-level undergraduates and above.
Understanding Interdependence, Hardback (May 1995)» View all books by Peter B. Kenen
Covering topics such as the behavior of exchange rates, the choice of exchange-rate regime, current-account adjustment in classical and Keynesian models, the effects of capital mobility, international debt and international policy coordination, this book underscores the importance of these subjects and identifies lessons for policymakers.
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