The Economic Consequences of European Monetary Union

Malcolm Crawford

Chapter 12 in One Money for Europe?, 1996, pp 166-202 from Palgrave Macmillan

Abstract: Abstract For the man or woman in the street, the most notable aspect of EMU will be the new coins and banknotes, denominated in euros, which will be the single currency throughout the EU. Slightly less visibly, all other forms of money and credit (such as bank deposits and loans) will also be denominated in euros, as will securities, most of which are now issued in the national currencies of EU countries. Wage, mortgage and other contracts will likewise be set in euros. That is what is meant by a single currency.

Keywords: Interest Rate; Foreign Direct Investment; Monetary Policy; Central Bank; Foreign Exchange (search for similar items in EconPapers)
Date: 1996
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-25035-6_12

Ordering information: This item can be ordered from
http://www.palgrave.com/9781349250356

DOI: 10.1007/978-1-349-25035-6_12

Access Statistics for this chapter

More chapters in Palgrave Macmillan Books from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().