One Market One Money an Evaluation of the Potential Benefits and Costs of Forming an Economic and Monetary Union
- Binding: Paperback
- Publisher: Oxford Univ Pr
- Publish date: 03/01/1992
Description:
Executive Summary; A: Synthesis and Economic Principles: Synthesis; The Economics of EMU; B: The Main Benefits and Costs: Efficiency Gains; Benefits of Stable Prices; Implications for Public Finance; Adjusting without the Nominal Exchange Rate; External Dimensions; C: The Impact Through Time and Space: Transitional Issues; Spatial Aspects; National Perspectives on the Costs and Benefits of EMU; Annexes: Exchange Transaction Costs; Germany andthe Netherlands: the Case of a de facto Monetary Union; European and German Economic and Monetary Union: a Comparison; Shocks and Adjustment in EMU: Simulations with the Quest Model; ExchangeRate Regimes in the EC: Simulations with the Multimod Model
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