search query: @author Berney, K. / total: 13
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| Author: | Berney, K. |
| Title: | Balance of power |
| Journal: | International Management
1990 : OCT, VOL. 45:9, p. 32-38 |
| Index terms: | EUROPEAN MONETARY SYSTEM EEC CENTRAL BANKS |
| Language: | eng |
| Abstract: | Report on the EEC economic and monetary union (EMU) and the formation of the European central bank, known as 'Eurofed' by the Commission. The background to its creation from the 1957 Treaty of Rome. Benefits of a single EC currency for business. Hopes for the Bundesbank discipline. Attitude of EC countries. UK EMU alternative. The Eurofed momentum. Economic factors adding to the political impetus. Higher oil prices. German anti-inflation defences. Eurofed to be independent of national governments, but with accountability. Budgetary policy. Italy's budget deficit. A two-speed solution to monetary union. A Box outlines role of Eurofed. |
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