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Informationen zum Autor Professor H.M.Scobie is Director of the European Economics and Financial Centre, London. Klappentext 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. Zusammenfassung Providing a detailed overview of the financial implications of European Monetary Union, this collection contains contributions by leading academics, politicians and professional financial specialists from a number of European countries. Inhaltsverzeichnis 1 THE CHANGEOVER TO A UNIFIED EUROPEAN CURRENCY: WHY A 'BIG BANG' APPROACH IS NECESSARY 2 FISCAL TRANSFER PAYMENTS: IMPLICATIONS OF US STRUCTURE FOR THE EUROPEAN MONETARY UNION 3 EUROPEAN MONETARY UNION: SINGLE CURRENCY FEASIBLE WITHOUT THE ERM 4 THE SINGLE CURRENCY 5 EMU: THE OBSTACLE RACE TO SUCCESS 6 THE UNITED KINGDOM AND EUROPE 7 SOME THOUGHTS ON THE MONETARY FRAMEWORK IN EMU 8 FINLAND ON THE WAY TO THE EMU 9 THE INTERNATIONAL COMPETITIVENESS OF EUROPEAN MANUFACTURING: EVIDENCE FROM COST AND PRICE MEASURES 10 AUSTRIA ON THE WAY TO EMU 11 ADHERING TO THE CONVERGENCE CRITERIA: THE CASE OF PORTUGAL
