Name: Cooperating With Europe's Monetary Union (en Inglés)
Price: 24.11 EUR
Availability: InStock
Author: C. Randall Henning
ISBN: 9780881322453

portada Cooperating With Europe's Monetary Union (en Inglés)

Formato

Libro Físico

Editorial

Peterson Institute For International Economics

Autor

C. Randall Henning

Año

1997

Idioma

Inglés

N° páginas

Encuadernación

Tapa Blanda

ISBN

0881322458

ISBN13

9780881322453

Categorías

Economía monetaria

Cooperating With Europe's Monetary Union (en Inglés)

C. Randall Henning (Autor) · Peterson Institute For International Economics · Tapa Blanda

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Reseña del libro "Cooperating With Europe's Monetary Union (en Inglés)"

Europe's monetary union will represent the most profound transformation of the international monetary system since the transition from fixed to flexible exchange rates in the early 1970s. It will compete with the erosion of American dominance and the dramatic increase in capital mobility for the distinction of being the most far-reaching change in the global monetary system since the Bretton Woods conference of 1944. Economic and Monetary Union (EMU) will create in Europe a new monetary actor with an economic size roughly comparable to the United States, ushering in a new era in international monetary relations. Nonetheless, while broad interests coincide, the creation of the monetary union will pose challenges to American, Japanese, and other non-European policymakers. Europe's monetary union could prove to be a difficult partner in international monetary cooperation. Henning recommends that European institutions and policy processes be strengthened, representation of the monetary union in the G-7 be consolidated, and that European, American, and Japanese authorities cooperate to reduce instability during the transition to monetary union.