The European Single Market

This is a collection of contributions from European central bankers concerned with different national monetary and fiscal policies in public sector management. Some of the chapters concentrate on individual national policies and then deal with issues raised by the convergence, which is part of EC harmonization.

Inhalt

Concerns and uncertainties for macroeconomic policy. Trade and financial relationships between the United States and Europe. What might explain the September 1992 speculative attacks on the French franc. The domestic and international determinants of Swiss interest rates. Credibility and exchange rate policies: the Belgian experience. EMU - the tissues for banks. Monetary and fiscal policy in a monetary union. Growth and specialization in an enlarged Europe: is a virtuous circle possible? Exchange rate regime and central bank independence in a small volatile economy: the case of Iceland. The twin-debt problem in an interdependent world. Implied versus historical volatility: an empirical test of the efficiency of the currency options market. The past as prologue: a retrospective on the EC negotiations.