Ten years of European Monetary Union: What's gone right and What's gone wrong
by Peter B. Kenen
International Journal of Economics and Business Research (IJEBR), Vol. 2, No. 1/2, 2010

Abstract: In 1991, the European Union undertook to form a full-fledged monetary union. It established the European Monetary Union with a European Central Bank (ECB) at its apex and a mandate to pursue price stability. The European regime differs from the US Federal Reserve System, which must pursue high employment as well as price stability, but the ECB's commitment to price stability did not prevent it from combating the global financial crisis that began in 2008. The crisis suggests, however, that the ECB should henceforth be involved in supervising large cross-border financial institutions.

Online publication date: Tue, 01-Dec-2009

The full text of this article is only available to individual subscribers or to users at subscribing institutions.

 
Existing subscribers:
Go to Inderscience Online Journals to access the Full Text of this article.

Pay per view:
If you are not a subscriber and you just want to read the full contents of this article, buy online access here.

Complimentary Subscribers, Editors or Members of the Editorial Board of the International Journal of Economics and Business Research (IJEBR):
Login with your Inderscience username and password:

Username:        Password:          Forgotten your password?

Want to subscribe?
A subscription gives you complete access to all articles in the current issue, as well as to all articles in the previous three years (where applicable). See our Orders page to subscribe.

If you still need assistance, please email subs@inderscience.com