Monetary Theory and Monetary Policy pp 18-20 | Cite as
Comments on ‘Tracks Towards a Common Monetary Policy in Europe’ by Norbert Kloten
Chapter
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Abstract
When economists talk about establishing monetary unions they first discuss two theoretical models, namely the monetarist concept and the economistic concept, which means the alternatives of either first adjusting monetary policies of the countries wishing to unionise or to start by founding a central monetary institution.
Keywords
Exchange Rate Monetary Policy European Central Bank Monetary Union Domestic Currency
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Reference
- Issing, O. (1993) ‘Hayek’s Suggestion for Currency Competition — A Central Banker’s View’, Deutsche Bundesbank Auszüge aus Prcsseartikeln, no. 32, 30 April, 1993, pp. 12–14, to be published in S. F. Frowen (ed.) Hayek the Economist and Social Philosopher — A Critical Retrospective (London: Macmillan, 1994).Google Scholar
Copyright information
© Stephen F. Frowen 1993