| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP405 |
| DP405 Unresolved Issues on the Road to EMU in Europe | |
| Peter Bofinger | |
| 发表日期 | 1990-03-01 |
| 出版年 | 1990 |
| 语种 | 英语 |
| 摘要 | The paper examines the integration strategy laid down in the Delors Committee Report. It focuses on two issues: Is a comprehensive conceptual framework for monetary coordination in Europe needed already in Stage One, and how could it be designed? What is the rationale for a training period for the European System of Central Banks, and is it possible to share responsibilities in the field of monetary policy? Section 2 examines the coordination process starting on 1 July 1990 and identifies its main deficiencies. Section 3 discusses proposals for a pooling of monetary instruments in Stage Two and develops an integration of Stages One and Two. Section 4 deals with two problems of the final stage: the failure to intergrate the plans for EMU within the international monetary order and provides insufficient microeconomic incentives to safeguard the target of price stability. |
| 主题 | International Macroeconomics |
| 关键词 | Ems European economic and monetary union Macro economic policy coordination Monetary regimes |
| URL | https://cepr.org/publications/dp405 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/529553 |
| 推荐引用方式 GB/T 7714 | Peter Bofinger. DP405 Unresolved Issues on the Road to EMU in Europe. 1990. |
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