European integration, monetary co-ordination, and the demand for money
By: Carlo Monticelli, Luca Papi.
Contributors: Papi, Luca.
Publisher: Clarendon Press; Oxford University Press
Published: 1996
Place of publication: Oxford [England]; New York
Language: eng
Number of pages: 224
Subjects: Monetary policy -- European Union countries.; Demand for money -- European Union countries.
Description: The theoretical and empirical analysis of this book proposes an innovative perspective on the issue of improving monetary integration, written from the privileged viewpoint of central bank experience. The empirical findings presented here support the case for the adoption of a scheme of monetary co-ordination which relies on the control of area-wide money supply, and which would employ a mutually beneficial solution to the problem of symmetry.
Notes: Includes bibliographical references (p. [190]-211) and index.