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History of European Monetary Integration

European Monetary System. Towards an Economic and Monetary. Union (EMU). EMU before the crisis. The crisis – causes and responses. Conclusion.



THE EUROPEAN MONETARY SYSTEM: AN OUTSIDERS VIEW

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Both fiscal and monetary policy in Germany can be used to dampen the impact of unification on output in other EMS countries but only changes in German fiscal 



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Inflation convergence and divergence within the European Monetary

Inflation differentials among the countries of the European Monetary. Union have shown a tendency to increase after the introduction of the com mon currency.



Interest Rate Linkages Within the European Monetary System: A

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Imported or Home Grown? The 1992-3 EMS Crisis

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The monetary policy of the ECB - European Parliament

The implementation of the European Central Bank's monetary policy rests on two pillars The first pillar the monetary policy strategy determines what level of interest rate is required to maintain price stability over the medium term The second pillar the operational framework is the set of instruments and procedures the ECB has at its



THE EUROPEAN CENTRAL BANK THE EUROSYSTEM THE EUROPEAN SYSTEM

the European Monetary System (EMS) in 1979 Its main feature was the exchange rate mechanism (ERM) which introduced fixed but adjustable exchange rates among the currencies of the nine countries In the second half of the 1980s the idea of an economic and monetary union was revived in the Single European Act of 1986 which created a single



THE EUROPEAN MONETARY SYSTEM - Springer

The European monetary system--past present and future Includes index 1 Money- -European Economic Commun i ty countries 1 Title HG930 S C63 1984 332 4'S' 094 84-20768 ISBN 978-94-017-3310-6 ISBN 978-94-017-3310-6 ISBN 978-94-017-3308-3 (eBook) DOI 10 1007/978-94-017-3308-3 Copyright © 1984 by P Coffey Amsterdam

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