Regional Aspects of Monetary Policy in Europe (Paperback, Softcover reprint of hardcover 1st ed. 2000)

Monetary union has dawned in Europe. Now that the common currency is a reality, questions concerning the practical conduct of monetary policy in the European Monetary Union (EMU) are moving to the forefront of the policy debate. Among these, one of the most critical is how the new monetary union will cope with the large heterogeneity of its member economies. Given the large differences in economic and financial structures among the EMU member states, monetary policy is likely to affect different member economies in different ways. Regional Aspects of Monetary Policy in Europe collects the proceedings of an international conference held at the Center for European Integration Studies of the University of Bonn, dedicated to this issue. The contributions to this conference fall into two parts. The first part consists of empirical and theoretical studies of the regional effects of monetary policy in heterogeneous monetary unions. The second part consists of papers analyzing the political economy of monetary policy in a monetary union of heterogeneous regions or member states. The papers all support the conclusion that regional differences in the responses to a common monetary policy will make European monetary policy especially difficult in the years to come. Such differences arise from a variety of sources, and they cannot be expected to be mere teething troubles that will disappear after a while. Even if they were ignored in the run-up to the EMU, Europe's central bankers and economic policy makers will have to learn how to cope with such differences in the future.

General

Imprint:	Springer-Verlag New York
Country of origin:	United States
Series:	ZEI Studies in European Economics and Law, 1
Release date:	December 2010
First published:	2000
Editors:	Jurgen Von Hagen • Christopher J. Waller
Dimensions:	235 x 155 x 18mm (L x W x T)
Format:	Paperback
Pages:	328
Edition:	Softcover reprint of hardcover 1st ed. 2000
ISBN-13:	978-1-4419-5111-3
Categories:	Books > Social sciences > Politics & government > Political science & theory Books > Business & Economics > Economics > Macroeconomics > General Books > Business & Economics > Economics > International economics > General
LSN:	1-4419-5111-3
Barcode:	9781441951113

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