search query: @indexterm EUROPEAN MONETARY SYSTEM / total: 608
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Author: | Thygesen, N. |
Title: | Flexible integration and European monetary union |
Journal: | European Economic Review
1997 : VOL. 41:3-5, p. 451-460 |
Index terms: | EUROPEAN MONETARY SYSTEM ECONOMICS FLEXIBILITY |
Language: | eng |
Abstract: | A recent CEPR report, Dewatripoint et al. (1995), has argued that the concept of "flexible integration" should be applied in a number of policy areas in the European Union, most prominently among them the monetary union. But making the latter non-mandatory commitment and leaving monetary policies to be coordinated only indirectly through the pursuit of apparently consistent national inflation targets would create several problems without delivering the degree of exchange-rate stability required for the Single Market. |
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