Member States shall conduct their economic policies with a view to contributing to the achievement of objectives of the Community , as defined in Article 2, and in the context of the broad guidelines referred to in Article 103(2). The Memeber States and the Community shall act in accordance with...

The advent of EMU inspired a large literature searching for differences in the monetary policy transmission among European countries. Stylised facts seemed to arise, classifying the countries as having either rapid or slow transmission. This paper takes a comprehensive look at the existing...

Following the decision of the Madrid European Council on the scenario for the introduction of the Euro, the Commission has undertaken a number of initiatives, both in the legislative and practical field, in order to step up preparations in the private sector and the within public administration.

The group began by acknowledging the central role that traders will play in helping people understand prices and scales of values and accept the euro. Consumers are in direct physical contact with traders on an almost daily basis, and are thus by definition in a monetary relationship. The shop...

The purpose of these "explanatory notes" is to present a comprehensive and accurate description of EMU in all its aspects. These notes are more specifically aimed at information multipliers and specialists. They shall provide them with detailed explanation on the institutional, technical and...

The introduction of the single European currency present few unceratinties for the continuity of contracts governed by New York law and the laws of other U.S. jurisdictions. In accordance with the State theory of money , all such contractual obligations must be discharged in accordance with the...

Tha launch of Economic and Monetary Union on 1 January 1999 and the smooth introduction of the single european currency, the euro, is a primary objective of the European Union. Its achievement requires effective information and communication actions, as was underlined in the Green Paper on the...

In a little over one year, Economic and Monetary Union (EMU) will enter its third and final phase. As the date of 1st January 1999 approaches, the debate over European monetary unification is accelerating. The time has come, therefore, to shift our attention from the legal and technical issues...

In a little over one year, Economic and Monetary Union (EMU) will enter its third and final phase. As the date of 1st January 1999 approaches, the debate over European monetary unification is accelerating. The purpose of the present paper is to review and assess the recent debate. This review is...