Monetary Policy at the European Periphery: Greek Experience and Lessons for EU Candidates - European and Transatlantic Studies - I.A. Mourmouras - Books - Springer-Verlag Berlin and Heidelberg Gm - 9783540669326 - April 1, 2000
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I.A. Mourmouras
Monetary Policy at the European Periphery: Greek Experience and Lessons for EU Candidates - European and Transatlantic Studies 1st edition

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The book proposes a monetary policy regime that is suitable for the European Periphery on the road to the euro. The first part examines the relation between the eleven founding members of the EMU and countries staying out of the EMU - paying particular attention to the European Periphery that includes Greece and all those CEE transition countries which have recently applied for EU membership. The second part of the book argues against ERM-II participation for those countries. It stresses the limits in efficiency of an ERM-II arrangement in a world of increased international capital movements, fiscal imbalances, and asymmetric real shocks. The third part offers a consistent and credible monetary framework for the achievement of price stability at the European Periphery: adoption of explicit and formal inflation targets together with political and economic independence of the central bank.

Media Books     Hardcover Book   (Book with hard spine and cover)
Released April 1, 2000
ISBN13 9783540669326
Publishers Springer-Verlag Berlin and Heidelberg Gm
Pages 233
Dimensions 150 × 220 × 20 mm   ·   476 g
Language English  
Contributor J.v. Hagen

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