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The Road to Economic and Monetary Union

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  • Bovenberg, A L
  • de Jong, A H M

Abstract

This paper provides a survey about various issues surrounding economic and monetary union (EMU). After evaluating costs and benefits of EMU, the authors analyze the transition of EMU in general and the rationale behind the convergence criteria for the public finances in particular. In discussing the institutional framework of EMU, they explore the excessive deficit rule constraining decentralized fiscal policy. Finally, the authors address the impact of EMU on social security and the labor market. Copyright 1997 by WWZ and Helbing & Lichtenhahn Verlag AG

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Bibliographic Info

Article provided by Wiley Blackwell in its journal Kyklos.

Volume (Year): 50 (1997)
Issue (Month): 1 ()
Pages: 83-109

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Handle: RePEc:bla:kyklos:v:50:y:1997:i:1:p:83-109

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Web page: http://www.blackwellpublishing.com/journal.asp?ref=0023-5962

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Cited by:
  1. Jerome Creel & Gwenaelle Poilon, 2008. "Is public capital productive in Europe?," International Review of Applied Economics, Taylor & Francis Journals, vol. 22(6), pages 673-691.
  2. Jérôme Creel, 2003. "Ranking Fiscal Policy Rules: the Golden Rule of Public Finance vs. the Stability and Growth Pact," Sciences Po publications 2003-04, Sciences Po.

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