Monetary Policy in a Converging Europe

This work covers important monetary issues in the transition towards an economic and monetary union in Europe, containing contributions from renowned experts in relevant research and policy areas. Among other things, the contributions discuss the scope for inflation targeting, monetary interdependencies within the "core" ERM countries, money demand within the European Union, the difference between the monetary transmission mechanisms in the various European countries, and the preferred exchange rate policy in Stage Two of EMU. The book provides an overview of current issues for readers interested in monetary policy in a converging Europe.