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Keywords:European currency unit 

Journal Article
ECU, who?

FRBSF Economic Letter

Journal Article
Decision time for European Monetary Union

If the plans of European governments for economic and monetary union by the end of the decade are realized, a new common currency called the euro will be in use in at least a few western European countries within five years. Even earlier, starting in 1999, a new European Central Bank is slated to take control of monetary policy in the initial member countries. ; This article examines the economic and political factors that will determine whether monetary union proceeds on schedule and, if so, which countries are likely to be initial members. There is little chance that most of the countries ...
Economic Review , Volume 82 , Issue Q 3 , Pages 20-33

Journal Article
The launch of the euro

The introduction on January 1, 1999, of the euro--the single currency adopted by eleven of the fifteen countries of the European Union--marked the beginning of the final stage of Economic and Monetary Union and the start of a new era in Europe. The creation of a single currency and a single monetary policy has provided both extraordinary challenges and exceptional opportunities within Europe. This article reviews the organization, objectives, and targets of the euro area's new central bank and discusses some of the early challenges it has faced in setting and implementing monetary policy with ...
Federal Reserve Bulletin , Volume 85 , Issue Oct

Journal Article
The euro cash changeover

Southwest Economy , Issue Mar , Pages 1-5

Journal Article
Beyond the border : Europe - risk and reward under monetary unification

Southwest Economy , Issue Nov , Pages 9-10

Journal Article
A Yankee recipe for a Eurofed omelet

The second article, reprinted from the Wall Street Journal/Europe, suggests a compromise between a centralized and decentralized structure for the union.
Economic Review , Volume 76 , Issue Jul , Pages 18-19

Journal Article
European Monetary Union faces tough decisions

Economics Update , Issue Oct , Pages 5

Journal Article
A European system of central banks: observations from abroad

A proposal for establishing price stability as the sole objective of a European system of central banks.
Economic Commentary , Issue Nov

Journal Article
European Monetary Union: how close is it?

Economic Review , Issue Sep , Pages 21-27

Working Paper
The role of the euro as an international currency

The creation of the euro will link an economy that is nearly as large and as open as the United States. Does this imply that the euro will rival the role of the dollar as an international currency? This paper addresses this question through an examination of the determinants of the use of an international currency. It examines both the prospects of the euro becoming an international currency and the implications for the European Union and the United States.
Working Papers , Paper 1997-021

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