TITLE

The euro--the experience of the past 2 years

AUTHOR(S)
Issing, Otmar
PUB. DATE
March 2001
SOURCE
Journal of Asian Economics;Spring2001, Vol. 12 Issue 1, p1
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
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.
ACCESSION #
4556080

 

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