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Erschienen in:
2001 | OriginalPaper | Buchkapitel
Introduction
verfasst von : Volker Clausen
Erschienen in: Asymmetric Monetary Transmission in Europe
Verlag: Springer Berlin Heidelberg
Enthalten in: Professional Book Archive
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After several decades of efforts to introduce a common currency in Europe, European economic and monetary union (EMU) has finally been launched in 1999. This historic project has been accompanied by a lively debate over the costs and benefits of monetary integration. Asymmetries enter this discussion in various dimensions: They may be related to the goals of policy, to the instruments of policy, to the nature of disturbances and to the underlying macroeconomic structure.