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Brussels on a single money

Listed author(s):
  • Jacques Mélitz

This review article discusses the recent document titled “One Market, One Money” in which the European Commission develops its case for European monetary union. After examining the monetary issues as such, the article focuses on the reasons for the Commission's very worried attitude about fiscal policy autonomy. The closing section considers the problem of the transition to a single money. Attention is also called to the issue of a lender of last resort. Copyright Kluwer Academic Publishers 1991

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File URL: http://hdl.handle.net/10.1007/BF01886150
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Article provided by Springer in its journal Open Economies Review.

Volume (Year): 2 (1991)
Issue (Month): 3 (October)
Pages: 323-336

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Handle: RePEc:kap:openec:v:2:y:1991:i:3:p:323-336
DOI: 10.1007/BF01886150
Contact details of provider: Web page: http://www.springer.com

Order Information: Web: http://www.springer.com/economics/international+economics/journal/11079/PS2

References listed on IDEAS
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  1. Eichengreen, Barry, 1990. "Is Europe an Optimum Currency Area?," Department of Economics, Working Paper Series qt40m5g6pp, Department of Economics, Institute for Business and Economic Research, UC Berkeley.
  2. Giovannini, A. & Spaventa, L., 1990. "Fiscal Rules in the Europen Monetary Union: A No-Entry Clause," Papers 8, Roma "la Sapienza" - Scienze Economiche.
  3. van der Ploeg, F., 1990. "Budgetary aspects of economic and monetary integration in Europe," Discussion Paper 1990-37, Tilburg University, Center for Economic Research.
  4. Paul Masson & Jacques Melitz, 1991. "Fiscal policy independence in a European Monetary Union," Open Economies Review, Springer, vol. 2(2), pages 113-136, June.
  5. Van Der Ploeg, F., 1990. "Macroeconomic Policy Coordination During The Various Phases Of Economic And Monetary Integration In Europe," Papers 9061, Tilburg - Center for Economic Research.
  6. Eichengreen, Barry, 1990. "Costs and Benefits of European Monetary Unification," Department of Economics, Working Paper Series qt2r11b5x1, Department of Economics, Institute for Business and Economic Research, UC Berkeley.
  7. Cohen, Daniel & Wyplosz, Charles, 1989. "The European Monetary Union: An Agnostic Evaluation," CEPR Discussion Papers 306, C.E.P.R. Discussion Papers.
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