Template-type: ReDif-Paper 1.0
Author-Name: Beetsma Roel M.W.J.
Author-Name: Bovenberg A. Lans
Author-workplace-name: METEOR
Title: Designing fiscal and monetary institutions for a European Monetary Union
Abstract: This paper explores under what conditions a European Monetary Union (EMU) is an optimum currency area. The scope for an EMU increases with convergence of structural and fiscal policies, small money holdings, a conservative European Central Bank, and dependent national central banks. How national policies affect the rest of the union once the EMU has been formed is also investigated. The case for surveillance of national structural and fiscal policies appears to depend largely on monetary arrangements in the union. 
Keywords: international economics and trade ; 
Series: Research Memoranda
Creation-Date: 1996
Number: 004
File-URL: http://digitalarchive.maastrichtuniversity.nl/fedora/objects/guid:b4eda8db-c5fd-496b-9b18-37a4e9393c58/datastreams/ASSET1/content
File-Format: application/pdf
File-Size: 410347
Handle: RePEc:unm:umamet:1996004