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Author:Tamborini, R.
Title:Living in EMU: prices, interest rates and the adjustment of payments in a monetary union
Journal:Journal of Common Market Studies
2001 : MAR, VOL. 39:1, p. 123-146
Index terms:EUROPEAN MONETARY SYSTEM
INTEREST RATES
PRICES
Freeterms:ADJUSTMENT OF PAYMENTS
Language:eng
Abstract:Balance-of-payments problems for the EMU member countries will not vanish by virtue of the use of a single currency. This article discusses two aspects of the adjustment of payments in a monetary union that may have major repercussions for the EMU countries, for their policy-makers and for the Union's institutional design.
SCIMA record nr: 226237
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