Report

Monitoring the European Central Bank

MECB 2: One Money, Many Countries

In the main Report, One Money, Many Countries, the MECB team conclude that the ECB had had a successful first year, and displayed more flexibility than expected regarding asymmetries within the euro-zone.

In the 2000 Update the authors discuss the recent weakening of the euro. The ECB has raised interest rates on three occasions since the fall and yet the euro has moved steadily downwards. In line with the markets, and most observers, the ECB has repeatedly stated its view that the euro is abnormally weak and 'has a potential for appreciation'. The Update examines the 'implausible' explanations for the falling euro as well as those better grounded in observable facts.

Publication file

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Citation

Wyplosz, C, X Freixas, T Persson and C Favero (eds) (2000), ‘MECB 2: One Money, Many Countries‘, CEPR Press, Paris & London. https://cepr.org/publications/books-and-reports/mecb-2-one-money-many-countries

Citation

Wyplosz, C, X Freixas, T Persson and C Favero, ‘The year in review‘, in Wyplosz, C, X Freixas, T Persson and C Favero (eds), MECB 2: One Money, Many Countries, CEPR Press, Paris & London. https://cepr.org/publications/books-and-reports/mecb-2-one-money-many-countries

Citation

Wyplosz, C, X Freixas, T Persson and C Favero, ‘Monetary stability‘, in Wyplosz, C, X Freixas, T Persson and C Favero (eds), MECB 2: One Money, Many Countries, CEPR Press, Paris & London. https://cepr.org/publications/books-and-reports/mecb-2-one-money-many-countries

Citation

Wyplosz, C, X Freixas, T Persson and C Favero, ‘Financial stability‘, in Wyplosz, C, X Freixas, T Persson and C Favero (eds), MECB 2: One Money, Many Countries, CEPR Press, Paris & London. https://cepr.org/publications/books-and-reports/mecb-2-one-money-many-countries

Citation

Wyplosz, C, X Freixas, T Persson and C Favero, ‘Conclusions and proposals‘, in Wyplosz, C, X Freixas, T Persson and C Favero (eds), MECB 2: One Money, Many Countries, CEPR Press, Paris & London. https://cepr.org/publications/books-and-reports/mecb-2-one-money-many-countries