Economic and Monetary Union in Europe
探讨欧洲货币联盟的利弊、欧洲中央银行章程对货币稳定的影响、过渡期问题以及财政政策规则与财政联邦主义。
The European Council's Maastricht Agreement maps out a precise route to monetary union and the eventual introduction of a common currency. My discussion begins with a look at the general arguments for and against monetary union. I shall then discuss the proposed constitution of the European Central Bank and whether it is likely to be conducive to monetary stability, together with some of the problems posed by the transition to the new regime. Finally, I will turn to the issue of rules for the conduct of fiscal policy and the question of “fiscal federalism.”