Titlebook: European Monetary Union; Transition, Internat Paul J. J. Welfens Conference proceedings 1997 Springer-Verlag Berlin Heidelberg 1997 Auenwir

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Risks Related to Digital Technology Use,s. Today, already 9 or 10 countries satisfy the criteria for inflation, interest and exchange rates. Despite these positive results, uncertainties remain about the EMU starting on schedule because of insufficient convergence with regard to the fiscal criteria. This view is not only wrong, but also d

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Paul J. J. Welfensup-to-date information on the process towards monetary union in Europe * includes innovative research and new empirical analysis

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Principles of Digital Image Compression,ikely will follow. Under this arrangement a core of countries will form a monetary union, leaving a periphery that does not initially participate. The existence of such a periphery raises the issue of the appropriate exchange rate relationship vis-à-vis the core. This paper analyses some key aspects of this choice.

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A Bit of History and Touch of Philosophy,t. It examines both the role of exchange rate flexibility as a mechanism for offsetting the effects of labor market rigidities and the implications of monetary union on the feasibility and effectiveness of structural reforms to reduce unemployment within Europe.

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