The Making of the Euro
Lecture by Dr. Gunter Baer
The Making of the Euro -
Economic and Financial Issues Relating to the Creation of a Single Currency
WS 2006/2007
Dr. Gunter Baer
Time and Place
Time:
Place:
Start
First week.
Target Group
This course is designated for second-year IMP-Students.
Credits
4 Credit Points.
Downloads
- Outline
- Reading List
- Lecture 1
- Lecture 2
- Lecture 3
- Lecture 4
- Lecture 5
- Lecture 6
- Lecture 7
- Lecture 8
- Lecture 9
- Lecture 10
- Lecture 11
- Questions
Outline
- The European Union: structure, governance, history
- A reminder of some basic open economy relationships relevant for understanding “The making of the Euro”
- The economics of Monetary Union: cost and benefits of a single currency
- Integrating national economies: from segmented markets to a single market
- European exchange rate arrangements
- “Parallel currency” – a market-driven approach to monetary union?
- Official blueprints: the Werner and the Delors Plans
- The issue of policy coordination: fiscal policy in a monetary union
- From blueprint to political commitment: the Maastricht Treaty
- Creating a single central bank system: the Statutes of the ESCB and ECB
- Translating statutes into operational and procedural measures
- The monetary policy of the ECB