Title

Monetary Convergence to the Euro

Document Type

Article

Publication Date

12-2006

Abstract

Editorial introduction to this special issue of Economic Systems Monetary Convergence to the Euro includes seven papers about various aspects of monetary convergence to the Euro. It includes both policy discussion papers examining a wide range of issues and empirical studies evaluating specific areas of monetary convergence. From a policy strategy view, the selected papers examine the ways of combining the two key objectives of monetary convergence, i.e., price stability and exchange rate stability. In addition, the papers analyze the interplay between monetary policies and financial market stability. The findings provide new insights on monetary policy transmission channels, market equilibrium exchange rates, interest rates pass through effects, the importance of real relative to nominal convergence, and other intricacies encountered on the passage toward the Euro.

Comments

Published: Kutan, Ali M. and Lucyan Orlowski. "Monetary Convergence to the Euro." Economic Systems 30.4 (2006): 307-310.

DOI

10.1016/j.ecosys.2006.10.001