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European Monetary Union: The Way Forward analyses the economic effects of the changeover to a unified European currency and assesses the pressures caused by a dual-currency system over the three and a half years transition period to the Euro. Subjects discussed include: fiscal transfer payments: the implications of the US structure for the EMU the arbitrage consequences of parallel currency 1999-2002 the 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. Providing a detailed overview of the financial implications of European Monetary Union, this collection contains contributions by professional financial specialists from a number of European countries. It will be extremely useful for all those studying contemporary European economics and politics.
Author Biography
Professor H.M.Scobie is Director of the European Economics and Financial Centre, London.
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