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Bibliographische Detailangaben
Beteiligte Personen: Alesina, Alberto 1957-2020 (VerfasserIn), Grilli, Vittorio (VerfasserIn)
Format: Buch
Sprache:Englisch
Veröffentlicht: Cambridge, MA 1993
Schriftenreihe:National Bureau of Economic Research <Cambridge, Mass.>: NBER working paper series 4350
Schlagwörter:
Zusammenfassung:This paper addresses two questions: (1) Is a twelve country monetary union in Europe feasible; (2) Can monetary union be achieved at multi-speed, i.e., with a rust group of countries going first, and later admitting the others? After examining several politico-economic arguments concerning problems of feasibility of the union, we conclude with a fair amount of skepticism concerning the multi-speed idea. We show that the final result of the process of monetary integration is dependent upon at "how many speeds" Europe will proceed. Our discussion of feasibility shed some light on the political economy of the recent (Fall of 1992) turmoil in the monetary system of Europe.
Umfang:30 S. graph. Darst.