The euro--the experience of the past 2 years

Issing, Otmar
March 2001
Journal of Asian Economics;Spring2001, Vol. 12 Issue 1, p1
Academic Journal
The article analyses the experience of the first 2 years of the euro, focusing on the monetary policy of the ECB and explaining why it should be considered a success story. As a starting point, it gives a look at "what is" the euro area and the structure of its economy. It then reviews the institutional setting of the single monetary policy, the monetary policy strategy of the ECB and the monetary policy instruments at the disposal of the Eurosystem. The article then analyses the conduct of monetary policy in the years 1999-2000 and highlights the importance attached by the ECB to the transparency of the decision making process. Finally it is explained why the euro should be seen as a success story. (C) 2001 Elsevier Science Inc. All rights reserved.


Related Articles

  • THE European Central Bank.  // Finance Week;1/12/2004, p8 

    Reports that the European Central Bank kept interest rates unchanged at 2 percent, despite calls for a cut that could help stem the euro's rise. Increase in the euro's value in the past two months and over the past two years.

  • La unión económica y monetaria en Europa vista desde el Deutsche Bundesbank.  // Boletín del CEMLA;may/jun1997, Vol. 43 Issue 3, p131 

    No abstract available.

  • Economic Structure and Context: Monetary System.  // Spain Country Monitor;Mar2012, p23 

    The article discusses the monetary system of Spain. It mentions that Spain has adopted the euro in 1999 which has been set by the European Central Bank (ECB), together with 13 other states that compose the Eurozone. It mentions that euro operates on a free float although the ECB reserves the...

  • Europe Will Tighten More. Dunn Jr., Robert // Challenge (05775132);Mar/Apr2001, Vol. 44 Issue 2, p14 

    The article focuses on the economic condition of Europe. The years 1999 and 2000 have provided a difficult beginning for the European Monetary Union (EMU) and for its managing institution, the European Central Bank (ECB). The euro, which was almost universally expected to be a strong currency,...

  • Chapter 2: The creation of the euro. Atkin, John // Economic & Monetary Union -- Key Implications for Your Business;7/6/1998, p13 

    Chapter 2 of the book "Economic & Monetary Union -- Key Implications" is presented. The euro will be issued by the European Central Bank and it will be introduced immediately as the single currency of the Economic & Monetary Union (EMU) member countries. The future strength or weakness of the...

  • The Euro. Stevens, Ed // Economic Commentary;01/01/99, p1 

    Outlines the European Central Bank (ECB) institutions and operations and provides a brief introduction to some of the political economy issues facing the central banking arrangement. Background on the ECB; Potential benefits of the euro, Europe's single currency; Discussion on the durability of...

  • THE COLOR OF MONEY. Wallace, Charles P.; Crumley, Bruce; Gibson, Helen; Leuker, Angela; Rosenbaum, Andrew; Wosnitza, Regine // Time International (South Pacific Edition);9/17/2001, Issue 37, p46 

    Discusses preparations in European Union countries for the introduction of euros as the standard currency. Advertising campaign of the European Central Bank to raise public support for the currency; Plans to introduce the currency on January 1, 2002; Worry of small businesses about the impact...

  • Euro ad campaign proves ECB's lack of marketing nous. Smith, Craig // Marketing (00253650);9/6/2001, p21 

    Comments on the inexperience of the European Central Bank (ECB) in marketing evident in its advertising campaign to promote the Euro community currency in the European Union. Reasons why the campaigns are uninspired and uninspiring; Insufficiency of the period in which the campaigns were...

  • Introducing...the Euro. Fox, Justin // Fortune International (Europe);11/12/2001, Vol. 144 Issue 9, p36 

    Reports on the introduction of the Euro as common currency in the European Union. European Central Bank President Wim Duisenberg on the likely effect on the area's gross domestic product; Implications of the euro; Why some countries such as Great Britain, Denmark, and Sweden chose not to adopt...


Other Topics