The EMU after Three Years: Lessons and Challenges
The paper provides an analysis of the first three years of the European Monetary Union. It discusses the changeover to Euro notes, the performance of monetary policy in terms of price stability and real growth, the establishment of credibility for the ECB, and the two pillar strategy. The weakness of the euro's exchange value during the first three years is explained. Some aspects of the eastern enlargement of the eurozone are examined especially the problems that may be associated with the lack of real convergence. Other issues such as the importance of a Balassa-Samuelson effect and the need for appropriate fiscal policies are discussed.
|Date of creation:||Feb 2002|
|Date of revision:|
|Publication status:||Published in UNECE Discussion Paper Series, No. 2002_1|
|Contact details of provider:|| Postal: |
Phone: +4122 917 44 44
Fax: +4122 917 05 05
Web page: http://www.unece.org/
More information through EDIRC
When requesting a correction, please mention this item's handle: RePEc:ece:dispap:2002_1. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Robert Shelburne)The email address of this maintainer does not seem to be valid anymore. Please ask Robert Shelburne to update the entry or send us the correct address
If references are entirely missing, you can add them using this form.