The birth of the Euro / Otmar Issing ; translated from the original German by Nigel Hulbert.

Today, 318 million people in 15 countries use the Euro, which now rivals the importance of the US Dollar in the world economy. This is an outcome that few would have predicted with confidence when the Euro was launched. How can we explain this success and what are the prospects for the future? There...

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Bibliographic Details
Main Author: Issing, Otmar, (Author)
Other Authors: Hulbert, Nigel, (Translator)
Format: Book
Language:English
German
Published: Cambridge : Cambridge University Press, 2008.
Subjects:
Online Access:CONNECT
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505 0 |a 1. The euro in 2008 -- 2. Historical background : The rocky road to monetary union ; The decision in Maastricht ; The convergence process ; Farewell to the national currencies ; The countdown begins ; The euro area -- 3. The ECB and the foundations of monetary policy : The statute ; The decision-making bodies ; Preparations for the single monetary policy ; Monetary policy options ; The ECB's stability-oriented monetary policy strategy ; The instruments of monetary policy -- 4. The ECB : monetary policy for a stable euro : Orientations in the ECB Governing Council ; Assuming responsibility for monetary policy ; Monetary policy success: a stable euro ; Monetary policy-making in the ECB Governing Council ; Transparency, communication, accountability ; Monetary policy and the exchange rate ; The euro as an international currency ; Economic theory and monetary policy practice -- 5. The central bank and monetary policy in the EMU framework : Fiscal and monetary policy in EMU ; Policy coordination in EMU ; Does one size fit all? ; The enlargement of the euro area ; Monetary union without political union? -- 6. Europe at the crossroads. 
520 |a Today, 318 million people in 15 countries use the Euro, which now rivals the importance of the US Dollar in the world economy. This is an outcome that few would have predicted with confidence when the Euro was launched. How can we explain this success and what are the prospects for the future? There is nobody better placed to answer these questions than Otmar Issing, who as a founding member of the Executive Board of the European Central Bank (1998–2006), was one of the Euro's principal architects. His story is a unique insider account, combining personal memoir with reference to the academic and policy literature. Free of jargon, this is a very human reflection on a unique historical experiment and a key reference for all academics, policy makers, and 'Eurowatchers' seeking to understand how the Euro has got to where it is today and what challenges lie ahead. 
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