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Keywords:European currency unit 

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

Southwest Economy , Issue Nov , Pages 9-10

Journal Article
The European system of central banks

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

Journal Article
European Monetary Union: how close is it?

Economic Review , Issue Sep , Pages 21-27

Journal Article
European Community continues push toward monetary union

Economics Update , Issue Oct , Pages 2-3

Journal Article
Fiscal constraints in the EMU

FRBSF Economic Letter

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
The euro cash changeover

Southwest Economy , Issue Mar , Pages 1-5

Journal Article
Why is Europe forming a monetary union?

On January 1, 1999, 11 European countries will officially become a monetary union with one currency, the euro. Forming a monetary union brings benefits, such as increased trade between countries. But it carries costs as well. To join the union, each country must cede its right to set individual monetary and exchange-rate policies. Yet each country?s economic situation may differ from that of its fellow union members. How will these countries--and the union--fare when economic shocks hit, especially shocks that affect one country or region more than another? In this article, Gwen Eudey weighs ...
Business Review , Issue Nov , Pages 13-21

Journal Article
ECU, who?

FRBSF Economic Letter

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

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