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Title: | The economics of the single currency |
Other Titles: | The first seven years of the euro : impact on firms and consequences for world business |
Authors: | Azzopardi, Rose Marie |
Keywords: | European Union countries -- Economic conditions Monetary unions -- European Union countries European Union countries -- Economic integration International economic relations Euro Monetary policy -- European Union countries Finance -- European Union countries Eurozone Stability and Growth Pact (1997) |
Issue Date: | 2006 |
Publisher: | Compostela Group of Universities |
Citation: | Azzopardi, R. M. (2006). The economics of the single currency. In J. Ortiz Arteaga (Ed.), The first seven years of the euro : impact on firms and consequences for world business (pp. 37-53). Czech Republic: Compostela Group of Universities. |
Abstract: | This chapter looks at how the idea of a single currency came into being and explores the underlying economic and political rationale of one legal tender for the European Union. The costs and benefits of a single currency are discussed. The chapter then looks at the theory of the optimum currency area (OCA) and discusses whether the EU can be considered to fall within this category. The Treaty of Maastricht and the Stability and Growth Pact (SGP), together with other provisions falling under the EMU acquis, provide the legal framework for the single currency, the euro. The European system of central banks provides the institutional set-up. The final part looks at the issues related to monetary and fiscal polices within a monetary union, and discusses whether a single monetary policy would require a single fiscal policy. |
URI: | https://www.um.edu.mt/library/oar/handle/123456789/58141 |
ISBN: | 9788461161485 |
Appears in Collections: | Scholarly Works - FacEMAEco |
Files in This Item:
File | Description | Size | Format | |
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The_Economics_of_the_Single_Currency.pdf Restricted Access | 15.83 MB | Adobe PDF | View/Open Request a copy |
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