Siebert, Horst - Institut für Weltwirtschaft (IfW) - 2000
the monetary union. This relates to the candidates for new EU membership; they will need the exchange rate for quite some …, countries with high indebtedness may put pressure on the ECB to follow a rather lax monetary policy characterized by low … conflict between national political decision-making and the europeanized monetary policy in the case of a major national …