Monetary Policy at the European Periphery : Greek Experience and Lessons for EU Candidates

by Mourmouras, Iannis A.; Arghyrou, Michael G.; Von Hagen, Jurgen

• ISBN13: 9783540669326
• ISBN10: 3540669329
• Edition: 1st
• Format: Hardcover
• Copyright: 2000-04-01
• Publisher: Springer Verlag

Summary

Proposes a monetary regime that is suitable for the European Periphery on the road to Euro. Examines the relation between the eleven founding members of the EMU and countries staying out of the EMU. Offers a consistent and credible monetary framework for the achievement of price stability at the European Periphery.

Table of Contents

Introduction	1	(6)
Part I: 1999 and the European periphery
The EMU Ins and the EMU Outs: Maastricht and beyond	7	(24)
Greece and the European Monetary Union: a bottle half-empty or half-full?	31	(28)
Part II: An assessment of monetary strategies
Monetary developments in Greece: 1975--97	59	(22)
Recent Greek monetary policies	81	(32)
Part III: A new credible strategy
From intermediate targets to formal inflation targets in Greece	113	(38)
An independent Bank of Greece: An idea whose time has come	151	(37)
Summary and Lessons for EU candidates	188	(11)
Appendix Tables	199	(3)
List of Figures	202	(1)
List of Tables	203	(2)
Bibliography	205