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Emu: Getting the Endgame Right: Monitoring European Integration 7 David K.H. Begg

Emu: Getting the Endgame Right: Monitoring European Integration 7

David K.H. Begg

Published May 1st 1997
ISBN : 9781898128267
Paperback
75 pages
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 About the Book 

By spring 1998, an agreement must be reached on the first group of European countries to participate in the economic and monetary union (EMU). If all goes according to plan, EMU itself will begin on January 1, 1999. Written by a team of distinguishedMoreBy spring 1998, an agreement must be reached on the first group of European countries to participate in the economic and monetary union (EMU). If all goes according to plan, EMU itself will begin on January 1, 1999. Written by a team of distinguished European academics, this report looks at this final stage of the transition to monetary union. The authors consider whether the current ERM rule should continue to operate between the announcement and the start of EMU. They also assess when the new exchange rate system (EMS-2) designed to link ins and pre-ins should start operating. Their analysis and conclusions will continue to influence the conduct of monetary policy long after the 1998 decision.