This Report examines the monetary unification of Europe and the creation of a European Central Bank. It deals first with the macroeconomics of monetary union and highlights four issues. What monetary constitution is required to deliver price stability, and do the draft statutes of the European Central Bank (ECB) meet these conditions? Are fiscal rules a necessary adjunct to such a constitution? Is convergence of inflation rates a precondition for embarking on monetary union? Finally, how should the transition be managed?
- ISBN10 1898128057
- ISBN13 9781898128052
- Publish Date October 1991
- Publish Status Active
- Publish Country GB
- Imprint Centre for Economic Policy Research
- Format Paperback
- Pages 136
- Language English