Journal Article
European Monetary Union faces tough decisions
anonymous (1997-10)
Economics Update , Issue Oct , Pages 5

Journal Article
The world's newest currency
Wynne, Mark A. (1999-09)
Southwest Economy , Issue Sep , Pages 10

Journal Article
Beyond the border : Europe - risk and reward under monetary unification
Marion, Justin (1998-11)
Southwest Economy , Issue Nov , Pages 9-10

Journal Article
The launch of the euro
Iyigun, Murat F.; Bertaut, Carol C. (1999-10)
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
A Yankee recipe for a Eurofed omelet
Graboyes, Robert F. (1990-07)
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

Working Paper
The role of the euro as an international currency
Pollard, Patricia S. (1997)
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

Journal Article
The EMU: forerunners and durability
Graboyes, Robert F. (1990-07)
The first article examines the history and theory of monetary unions to ask what factors will foster a stable European Monetary Union. It concludes that a decentralized arrangement of national central banks may undermine the EMUs durability.
Economic Review , Volume 76 , Issue Jul , Pages 8-17

Journal Article
The European system of central banks
Wynne, Mark A. (1999-01)
On January 1, 1999, the European System of Central Banks (ESCB) began conducting monetary policy for eleven of the fifteen nations of the European Union, formally creating an economic and monetary union. The ESCB is governed by the decision-making bodies of the European Central Bank (ECB) and manages Europe's new currency, the euro. The structure of the ESCB is in many ways similar to that of the Federal Reserve System, with the ECB playing a role similar to that of the Board of Governors and the various national central banks occupying positions not unlike those of the regional Reserve ...
Economic and Financial Policy Review , Issue Q I , Pages 2-14

Working Paper
Public finance and coordination problems in a common currency area
Sibert, Anne C. (1991)
Research Working Paper , Paper 91-06

Working Paper
Is the ECU an optimal currency basket?
Edison, Hali J. (1986)
Recently the role of the ECU has increased and there has been concern whether it is sustainable. The first part of this paper examines the composition of the ECU and investigates the impact of changes in this composition on the value of the ECU. The results show that when there is little exchange rate variability among the currencies that comprise the ECU or when the changes in composition are small the value of the ECU remains stable. The second part of this paper constructs an alternative, optimal basket of currencies for Germany and compares this basket to the ECU. The path of the optimal ...
International Finance Discussion Papers , Paper 282