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EMU: Between Coordination and Conflict

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Relations of Complex Organizational Systems

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Abstract

On January 1st 1999 Economic and Monetary Union (EMU) became an integrated economic system governed by a single currency (“euro”) and therefore by a supranational monetary policy. Over the 3-year period 1999–2001 the euro will gradually replace the national currencies in circulation. The introduction of the new monetary regime was regarded as essential to ensure that the participating countries would gradually pursue the following path: a) micro-economic efficiency to secure the maximum competitiveness of goods and services in an international market of free competition; b) macro-economic equilibrium, in other words, the combination of a stable price level together with strong dynamics for the real economy; c) the phasing out of uncertainties linked to exchange rate fluctuations and hence the possibility for Europe as a whole to compete on equal terms in the financial capital market with other major currencies, in particular the dollar.

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Authors
  1. Marina Ricciardelli
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Editors and Affiliations

  1. Strasburg University (Robert Schuman), USA

    Sabine Urban (Professor, Head) (Professor, Head)

  2. CESAG (Centre of Managerial Research)/I.E.C.S., USA

    Sabine Urban (Professor, Head) (Professor, Head)

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© 1999 Springer Fachmedien Wiesbaden

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Ricciardelli, M. (1999). EMU: Between Coordination and Conflict. In: Urban, S. (eds) Relations of Complex Organizational Systems. Gabler Verlag, Wiesbaden. https://doi.org/10.1007/978-3-322-96437-3_8

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  • DOI: https://doi.org/10.1007/978-3-322-96437-3_8

  • Publisher Name: Gabler Verlag, Wiesbaden

  • Print ISBN: 978-3-409-11487-5

  • Online ISBN: 978-3-322-96437-3

  • eBook Packages: Springer Book Archive

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