@article{1386019,
      recid = {1386019},
      author = {Sinn, Hans-Werner. and Widgrén, Mika. and Köthenbürger,  Marko.},
      title = {European monetary integration /},
      publisher = {MIT Press,},
      address = {Cambridge, Mass. :},
      pages = {1 online resource (xvi, 176 pages) :},
      year = {2004},
      abstract = {Studies examining the policy challenges posed by European  monetary integration, including asymmetry problems and  fiscal concerns.The success of European monetary  integration--called by the editors of this CESifo volume  "one of the most far-reaching, real world experiments in  monetary policy to date"--is not assured. Policy makers  have been forced to deal with challenges posed by  formulating a uniform monetary policy for countries with  asymmetric business cycles and economies in different  stages of development as well as with the fiscal and  financial implications of a unified currency.The  contributors to European Monetary Integration, all  prominent economists and scholars, combine theoretical  analysis and policy recommendation in their examination of  these difficulties. In the first three chapters they  consider issues raised by asymmetry problems, including  imperfect labor and goods markets, the problem of monetary  policy objectives when "one size does not fit all," and the  possibility of a bias toward smaller countries in the "one  country, one vote" constitutional structure of the European  Central Bank. In the last three chapters, they discuss  fiscal concerns, including the distribution of seignorage  revenues and the interaction of European Central Bank  monetary policies and asset price dynamics.},
      url = {http://library.usi.edu/record/1386019},
}