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Previous efforts to create a European Central Bank (ECB) have stimulated debate on topics for research into the political economy of the European Community's institutions. These include the exact division of responsibilities of national governments and the ECB - especially concerning exchange rate policy; the need for and design of constraints on national fiscal policies; and the nature of the transition from adjustable parities and national monetary policies to irrevocably fixed parities and a single European monetary policy. The book also considers the implications of EMU for the international monetary system - for the use of the ECU as a reserve currency and for policy coordination among the G-7 countries. The volume thus provides a comprehensive examination of the issues that will be decisive for Europe in its choice of monetary institutions.

Private finance --- United States --- Europe --- Banks and banking, Central --- Fiscal policy --- Congresses. --- -Banks and banking, Central --- -Fiscal policy --- -#ECO:02.02:financiële sector bank --- 336.71 (4) --- 336.71 (73) --- banque centrale --- pays de la ce --- eua --- AA / International- internationaal --- EEC / European Union - EU -Europese Unie - Union Européenne - UE --- 333.111.0 --- 333.110 --- 334.151.21 --- 333.44 --- NBB congres --- -332.11094 --- Banker's banks --- Banks, Central --- Central banking --- Central banks --- Banks and banking --- Tax policy --- Taxation --- Economic policy --- Finance, Public --- Congresses --- Bankwezen--Europa --- Bankwezen--Verenigde Staten van Amerika. VSA. USA --- centrale bank --- eg landen --- vsa --- Algemeenheden. Theoretische en beschrijvende studies. Centrale banken. --- Centrale banken en parastatale kredietinstellingen: algemeen. Overheidsbemoeiïng inzake organisatie en verdeling van het krediet. --- Europese centrale bank. ESCB. Centrale banken. --- Monetaire congressen, conferenties en onderzoeken. --- Government policy --- Economic and Monetary Union. --- European Central Bank. --- ECB --- Banque centrale européenne --- BCE --- Banco Central Europeo --- Banca centrale europea --- Europäische Zentralbank --- Európska centrálna banka --- EMU --- WWU --- Europäische Wirtschafts- und Währungsunion --- Unión Económica y Monetaria Europea --- Oikonomikē kai Nomismatikē Henōsē --- ONE --- European Monetary Union --- Talous- ja rahaliitto --- Unione monetaria --- Euroopan talous- ja rahaliitto --- Rahaliitto --- European Economic and Monetary Union --- UME --- Unione monetaria europea --- EWWU --- Unión Monetaria Europea --- Ekonomiska och monetära unionen --- Union monétaire européenne --- Union économique et monétaire européenne --- UEM --- Unia Gospodarcza i Walutowa --- 336.71 (73) Bankwezen--Verenigde Staten van Amerika. VSA. USA --- 336.71 (4) Bankwezen--Europa --- 332.11094 --- #ECO:02.02:financiële sector bank --- Centrale banken en parastatale kredietinstellingen: algemeen. Overheidsbemoeiïng inzake organisatie en verdeling van het krediet --- Algemeenheden. Theoretische en beschrijvende studies. Centrale banken --- Monetaire congressen, conferenties en onderzoeken --- Europese centrale bank. ESCB. Centrale banken --- Business, Economy and Management --- Economics --- Banks and banking, Central - European Economic Community countries - Congresses. --- Banks and banking, Central - United States - Congresses. --- Fiscal policy - European Economic Community countries - Congresses. --- United States of America