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020			_a926417639X (Trade Paper)
020			_a9789264176393
090	0	4	_a332.4/94 _221
245	1	0	_aEMU _h[electronic resource]: _bOne Year On
260			_aWashington _bOrganization for Economic Cooperation & Development _cApril 2000
300			_a192 p _bil _c22.000 x 016.000 cm.
506			_aAccess is restricted to subscribing institutions.
520	8		_aAnnotation _bEurope'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.
650		4	_aEuro
650		4	_aEurope _xEconomic Integration
650		4	_aEuropean Union Countries
650		4	_aMonetary Policy _xEuropean Economic Community Countries
650		4	_aMonetary Unions
830		0	_aEconomic Surveys Ser.
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