Book

Cambridge University Press Books

Adjustment and Growth in the European Monetary Union

The Maastricht Treaty, signed in December 1991, set a timetable for the European Community's economic and monetary union (EMU) and clearly defined the institutional and policy changes necessary for its achievement. Subsequent developments have demonstrated, however, the importance of many key issues in the transition to EMU that were largely neglected at that time.
This volume reports the proceedings of a joint CEPR conference with the Banco de Portugal, held in January 1992. In these papers, leading international experts address the instability of the transition to EMU and the long-run implications of monetary union and the single market for growth and convergence in Europe. They also consider the prospects for inflation and fiscal convergence, regional policy and the integration of financial markets and fiscal systems. Attention focuses on adjustment mechanisms with differential shocks, region-specific business cycles and excessive industrial concentration, and the cases for two-speed EMU and fiscal federalism.

Citation

Torres, F and F Giavazzi (eds) (1993), ‘Adjustment and Growth in the European Monetary Union‘, CEPR Press, Paris & London. https://cepr.org/publications/books-and-reports/adjustment-and-growth-european-monetary-union

Citation

Torres, F and F Giavazzi (1993), ‘Introduction: Adjustment and Growth in the European Monetary Union‘, in Torres, F and F Giavazzi (eds), Adjustment and Growth in the European Monetary Union, CEPR Press, Paris & London. https://cepr.org/publications/books-and-reports/adjustment-and-growth-european-monetary-union

Citation

Thygesen, N (1993), ‘Economic and monetary union: critical notes on the Maastricht Treaty revisions‘, in Torres, F and F Giavazzi (eds), Adjustment and Growth in the European Monetary Union, CEPR Press, Paris & London. https://cepr.org/publications/books-and-reports/adjustment-and-growth-european-monetary-union

Citation

Roubini, N and G Corsetti (1993), ‘The design of optimal fiscal rues for Europe after 1922‘, in Torres, F and F Giavazzi (eds), Adjustment and Growth in the European Monetary Union, CEPR Press, Paris & London. https://cepr.org/publications/books-and-reports/adjustment-and-growth-european-monetary-union

Citation

Sutherland, A and M Miller (1993), ‘Contracts, credibility and common knowledge: their influence on inflation coverage‘, in Torres, F and F Giavazzi (eds), Adjustment and Growth in the European Monetary Union, CEPR Press, Paris & London. https://cepr.org/publications/books-and-reports/adjustment-and-growth-european-monetary-union

Citation

Rebelo, S (1993), ‘Inflation in fixed exchange regimes: the recent Portuguese experience‘, in Torres, F and F Giavazzi (eds), Adjustment and Growth in the European Monetary Union, CEPR Press, Paris & London. https://cepr.org/publications/books-and-reports/adjustment-and-growth-european-monetary-union

Citation

Bertola, G (1993), ‘Models of economic integration and localized growth‘, in Torres, F and F Giavazzi (eds), Adjustment and Growth in the European Monetary Union, CEPR Press, Paris & London. https://cepr.org/publications/books-and-reports/adjustment-and-growth-european-monetary-union

Citation

Eichengreen, B and T Bayoumi (1993), ‘Shocking aspects of European monetary integration‘, in Torres, F and F Giavazzi (eds), Adjustment and Growth in the European Monetary Union, CEPR Press, Paris & London. https://cepr.org/publications/books-and-reports/adjustment-and-growth-european-monetary-union

Citation

Krugman, P (1993), ‘Lessons of Massachusetts for EMU‘, in Torres, F and F Giavazzi (eds), Adjustment and Growth in the European Monetary Union, CEPR Press, Paris & London. https://cepr.org/publications/books-and-reports/adjustment-and-growth-european-monetary-union

Citation

Frankel, J, S Phillips and M Chinn (1993), ‘Financial and currency integration in the European monetary system: the statistical record‘, in Torres, F and F Giavazzi (eds), Adjustment and Growth in the European Monetary Union, CEPR Press, Paris & London. https://cepr.org/publications/books-and-reports/adjustment-and-growth-european-monetary-union

Citation

Diba, B, A Giovannini and M Canzoneri (1993), ‘Currency substitution: from the policy question to the theory and back‘, in Torres, F and F Giavazzi (eds), Adjustment and Growth in the European Monetary Union, CEPR Press, Paris & London. https://cepr.org/publications/books-and-reports/adjustment-and-growth-european-monetary-union

Citation

Sørensen, P (1993), ‘Coordination of capital income taxes in the economic and monetary union: what needs to be done?‘, in Torres, F and F Giavazzi (eds), Adjustment and Growth in the European Monetary Union, CEPR Press, Paris & London. https://cepr.org/publications/books-and-reports/adjustment-and-growth-european-monetary-union

The World Bank: Structures and Policies
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The World Bank: Structures and Policies

Migration: the Controversies and the Evidence
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Migration: the Controversies and the Evidence