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Books > Business & Economics > Economics > Macroeconomics > Monetary economics
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The Euro as a Stabilizer in the International Economic System (Hardcover, 2000 ed.)
Loot Price: R4,631
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The Euro as a Stabilizer in the International Economic System (Hardcover, 2000 ed.)
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The introduction of the euro was an important event for the world
economy and the international political system. For the first time
in history, a substantial group of European countries-eleven of the
fifteen members of the European Union including three members of
the G-7-have voluntarily agreed to replace their national
currencies with a single currency. The euro area has already become
established as the second largest currency area in the world and
will therefore become a major player in the international monetary
system. The creation of the euro poses a number of interesting
questions. Will the euro be a strong or a weak currency? Will the
euro challenge the leading position hitherto held by the United
States dollar and would sharing of the burdens and advantages of
reserve currency status improve or worsen the stability of the
international monetary system? How will the euro affect US
relations with Europe? Does the formation of the euro intensify
European integration in other fields? Is a bi-polar international
monetary system viable? These and other issues motivated the
Luxembourg Institute for European and International Studies and the
Pierre Werner Foundation to organize an international conference in
Luxembourg on December 3-4, 1998, on the eve of the birth of the
euro. At the outset we were aware that the issue of the euro went
far beyond pure economics. Money, after all, is too important a
subject to be left to economists.
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