The Euro and Economic and Monetary Union: An Historical, Institutional and Economic DescriptionWritten by a former official of the EC's Monetary Committee, this systematic study meets the need for a description of the EU's economic and monetary union, rooted in the Treaties and the legal texts. It is an invaluable guide to the fundamentals of EMU and an aid to understanding and predicting issues and debates arising in Brussels and Frankfurt. The book answers concrete questions on the rules for public finance, the concept of an excessive government deficit, the current trend of economic policy, the abolition of exchange control, exchange-rate policy for the Euro and the Community's place in the international monetary system. It makes clear what kind of currency the Euro is, and above all its grounding in price stability. An essential text for financial practitioners and all libraries, academics and professionals with an interest in economic and monetary affairs. |
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Contents
B The institutions of the Community | 3 |
THE PURPOSES AND STRATEGY OF THE COMMUNITY | 12 |
Some theoretical assumptions | 19 |
Copyright | |
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Common terms and phrases
adopted the euro agreement apply arrangements assets authorities banknotes capital movements central rates CFA franc Chapter co-ordination Commission concerned Constitution Article context Council Regulation EC decisions Denmark derogation EC countries EC Treaty Economic and Financial economic and monetary economic policy effect employment ensure ERM2 ESCB established euro area euro-area countries euro-area Member European Central Bank European Community European Council European Monetary European Parliament European Union Eurosystem excessive deficit exchange rate exchange-rate mechanism exchange-rate policy Financial Committee financial institutions France funds German mark Governing Council government deficit guidelines inflation interest rates intervention issue legal tender legislation measures meeting ment monetary policy monetary union money market national central banks non-euro area notes and coin objectives operations paragraph participating particular payments price stability procedure provisions qualified majority recommendations reference value relating reserves single currency social specific Statute Treaty Article United Kingdom