A EUROPEAN CENTRAL BANK? by Marcello De Cecco (Editor), Alberto Giovannini (Editor) ( 9780521376235 )

Item Details

Title:

A EUROPEAN CENTRAL BANK?
PERSPECTIVES ON MONETARY UNIFICATION AFTER TEN YEARS OF THE EMS

By:

Marcello De Cecco (Editor), Alberto Giovannini (Editor)

Format:

Paperback

List price:

£36.99

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£32.37

Discount:

12.5% off

You save:

£4.62

ISBN 10:

0521376238

ISBN 13:

9780521376235

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Publisher:

CAMBRIDGE UNIVERSITY PRESS

Pub. date:

25 May, 1989

Pages:

390

Description:

The papers in this volume analyse the issues of having a single European currency.

Synopsis:

This volume, based on a conference held by the Italian Macroeconomic Policy Group and the centre for Economic Policy Research, examines the issues raised by European monetary unification. An introduction describes recent monetary developments and identifies the motivations for creating a European central bank. Theoretical papers analyse the interactions of capital controls, financial intermediation and seigniorage in open economies; the optimal design of centralized banks of issue by sovereign countries; and some new aspects of the 'optimal currency area' question. The empirical papers provide new evidence and interpretation of inflation experience across Europe and the attitudes of European central bankers about inflation and unemployment. The historical papers describe the experience of currency unification in Germany and Italy in the 19th century and the creation of the US Federal Reserve System. The volume concludes with a panel discussion on the feasibility of European monetary unification, featuring leading academics and central bankers.

Illustrations:

52 tables, 37 line diagrams, index

Publication:

Imprint:

Cambridge University Press

Returns:

Returnable

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