EMU One Year On [electronic resource]: - Washington Organization for Economic Cooperation & Development April 2000 - 192 p il 22.000 x 016.000 cm. - Economic Surveys Ser. .

Access is restricted to subscribing institutions.

Annotation Europe's single currency was launched a bit more than a year ago for eleven of the fifteen countries of the Union. This study assesses economic developments and policies during the inaugural year of the new regime. It analyses the economic performance and prospects of the euro area as a whole, and highlights to what extent aggregate trends are shaped by convergence or divergence at national or regional levels. Macroeconomic policies are discussed in depth. The common monetary policy carried out by the Eurosystem and the underlying framework are scrutinised, as is the co-ordination of national fiscal policies against the background of the Stability and Growth Pact. A special chapter is devoted to the links between structural features and policies on the one hand and macroeconomic performance on the other. It argues that broad-based and properly designed structural reforms would boost Europe's economic potential significantly and ease macroeconomic policy trade-offs. Book jacket.

926417639X (Trade Paper) 9789264176393


Euro
Europe--Economic Integration
European Union Countries
Monetary Policy--European Economic Community Countries
Monetary Unions