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- W1698086 abstract "On January 1st 1999 Economic and Monetary Union (EMU) became an integrated economic system governed by a single currency (“euro”) and therefore by a supranational monetary policy. Over the 3-year period 1999–2001 the euro will gradually replace the national currencies in circulation. The introduction of the new monetary regime was regarded as essential to ensure that the participating countries would gradually pursue the following path: a) micro-economic efficiency to secure the maximum competitiveness of goods and services in an international market of free competition; b) macro-economic equilibrium, in other words, the combination of a stable price level together with strong dynamics for the real economy; c) the phasing out of uncertainties linked to exchange rate fluctuations and hence the possibility for Europe as a whole to compete on equal terms in the financial capital market with other major currencies, in particular the dollar." @default.
- W1698086 created "2016-06-24" @default.
- W1698086 creator A5035315970 @default.
- W1698086 date "1999-01-01" @default.
- W1698086 modified "2023-09-27" @default.
- W1698086 title "EMU: Between Coordination and Conflict" @default.
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- W1698086 doi "https://doi.org/10.1007/978-3-322-96437-3_8" @default.
- W1698086 hasPublicationYear "1999" @default.
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