 In Search of a Monetary Constitution for the European CommunitiesMichael Parkin Chapter 8 in One Money for Europe, 1978, pp 167-201 from Palgrave Macmillan Abstract: Abstract The current monetary constitution of the European Communities (EC) is extremely complex. It consists of a set of national laws establishing and delimiting the behaviour of nine Central Banks as well as the relationships between those Banks and their respective national governments. It also consists of a set of laws and regulations concerning the role which may be played in EC member countries by xeno-currencies (most notably the United States dollar). The Community-wide content of the current monetary constitution covers three areas. First, there is a statement of intent in the Rome Treaty to move towards European Monetary Union (EMU) at an unspecified speed and by an unspecified date. Secondly, there already exists a European Unit of Account (EUA) which is used for the purpose of defining Community regulations. Thirdly, there are a series of committees at various levels, including Central Bank Governors, which facilitate the exchange of information on monetary policy and related matters, but which do not make monetary policy. Keywords: Monetary Policy; Central Bank; Inflation Rate; European Monetary Union; Monetary Authority (search for similar items in EconPapers) There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-04308-8_8 Ordering information: This item can be ordered from DOI: 10.1007/978-1-349-04308-8_8 Access Statistics for this chapter More chapters in Palgrave Macmillan Books from Palgrave Macmillan |
Is your work missing from RePEc? Here is how to contribute.
Questions or problems? Check the EconPapers FAQ or send mail to .
EconPapers is hosted by the
School of Business at Örebro University.