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• catalog abstract "The launch of the euro reinforces the foundations for unprecedented economic integration encompassing 11 countries, 16 per cent of world GDP and 290 million people. For the first time, the OECD has studied the euro-area as a fully-fledged economic entity and has analysed the intensive preparations that led to the single currency, as well as the economic issues raised by its introduction. Despite the macroeconomic convergence already achieved and the institutional framework that has been established, the fact is that many uncertainties remain. An approach to co-ordinating monetary and budgetary policies that is up to the issues at stake has still to be fully defined. And the euro area's ability to absorb economic shocks must be assessed and strengthened. In this respect it is vital for labour markets to become more flexible and adaptable if they are to compensate for the loss of national monetary autonomy which EMU implies and if adjustment is not to be at the expense of jobs. A special chapter discusses the obstacles to geographic labour mobility and the rigidity of wage setting mechanisms. These are some of the challenges that must be faced in the years to come, and this study discusses them in the light of the most penetrating and informative analysis today’s economists can provide. It does not prescribe set remedies, but drawing on analyses and figures never published before, attempts to identify the best policies for ensuring the success of the monetary union. This is a complex study that takes a hard look at the issues and will be of great interest to anyone wishing to understand the economic mechanisms at work.".
• catalog contributor b11189436.
• catalog contributor b11189437.
• catalog contributor b11189438.
• catalog created "c1999.".
• catalog date "1999".
• catalog date "c1999.".
• catalog dateCopyrighted "c1999.".
• catalog description "Includes bibliographical references (p. 178-193).".
• catalog description "Overview -- I. The launch of the euro: economic conditions and prospects -- II. Macroeconomic policies -- III. Susceptibility to shocks -- IV. Adaptability to shocks: the role of labour markets -- Notes -- Glossary of acronyms -- Bibliography -- Annexes: I. The position of the EU "outs" toward joining the Monetary Union. II. A comprehensive data set for the euro area. III. Measuring asymmetric economic shocks. IV. Cluster analysis and EU convergence -- V. Regional data.".
• catalog description "The launch of the euro reinforces the foundations for unprecedented economic integration encompassing 11 countries, 16 per cent of world GDP and 290 million people. For the first time, the OECD has studied the euro-area as a fully-fledged economic entity and has analysed the intensive preparations that led to the single currency, as well as the economic issues raised by its introduction. Despite the macroeconomic convergence already achieved and the institutional framework that has been established, the fact is that many uncertainties remain. An approach to co-ordinating monetary and budgetary policies that is up to the issues at stake has still to be fully defined. And the euro area's ability to absorb economic shocks must be assessed and strengthened. In this respect it is vital for labour markets to become more flexible and adaptable if they are to compensate for the loss of national monetary autonomy which EMU implies and if adjustment is not to be at the expense of jobs. A special chapter discusses the obstacles to geographic labour mobility and the rigidity of wage setting mechanisms. These are some of the challenges that must be faced in the years to come, and this study discusses them in the light of the most penetrating and informative analysis today’s economists can provide. It does not prescribe set remedies, but drawing on analyses and figures never published before, attempts to identify the best policies for ensuring the success of the monetary union. This is a complex study that takes a hard look at the issues and will be of great interest to anyone wishing to understand the economic mechanisms at work.".
• catalog extent "208 p. :".
• catalog hasFormat "EMU.".
• catalog identifier "9264170278".
• catalog isFormatOf "EMU.".
• catalog issued "1999".
• catalog issued "c1999.".
• catalog language "eng".
• catalog publisher "Paris, France : Organisation for Economic Co-operation and Development,".
• catalog relation "EMU.".
• catalog spatial "European Union countries.".
• catalog subject "Economic and Monetary Union Statistics.".
• catalog subject "Euro.".
• catalog subject "HG925 .C67 1999".
• catalog subject "Monetary policy European Union countries.".
• catalog tableOfContents "Overview -- I. The launch of the euro: economic conditions and prospects -- II. Macroeconomic policies -- III. Susceptibility to shocks -- IV. Adaptability to shocks: the role of labour markets -- Notes -- Glossary of acronyms -- Bibliography -- Annexes: I. The position of the EU "outs" toward joining the Monetary Union. II. A comprehensive data set for the euro area. III. Measuring asymmetric economic shocks. IV. Cluster analysis and EU convergence -- V. Regional data.".
• catalog title "EMU : facts, challenges, and policies.".
• catalog type "Statistics. fast".
• catalog type "text".