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European Monetary Union

The Way Forward

European Monetary Union by Prof H M Scobie
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A detailed analysis of the economic effects of the changeover to a unified European currency and the pressures caused by a dual-currency system over the transition period to the Euro. Subjects discussed include:
* fiscal transfer payments: the implications of the US structure for the EMU
* consequences of parallel currency 1999-2002
* feasibility of a single currency without the exchange rate mechanism
* the relationship between the UK and Europe
* accounts of moves towards monetary union in Austria, Portugal and Finland.
Taylor and Francis; January 2004
144 pages; ISBN 9781134687855
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Title: European Monetary Union
Author: Prof H M Scobie