摘要翻译：
货币一体化既有成本，也有好处。欧洲人对汇率不稳定有强烈的厌恶情绪。从这个角度来看，新兴市场已经显示出其局限性，涉及单一货币的全面货币联盟似乎是必要的。这是载于《马斯特里赫特条约》中的经货联盟项目的目标。本文考察了相关的选择：中央银行独立性、预算纪律和经济政策协调。因此，欧洲货币联盟对法国经济政策的影响将被考察。如果外部力量消失，公共部门仍然无法规避其偿付能力约束。国家货币政策工具将无法使用，因此吸收不对称冲击将需要更大的工资灵活性，财政政策将发挥更大的作用。论文包括三个部分。第一个问题涉及货币联盟的经济基础及其所带来的代价。第二部分专门讨论《马斯特里赫特条约》下的体制安排。第三章分析了货币联盟对法国经济的影响和法国的经济政策。
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英文标题：
《Implications of EMU for the European Community》
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作者：
Chris Kirrane
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最新提交年份：
2018
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分类信息：

一级分类：Economics        经济学
二级分类：General Economics        一般经济学
分类描述：General methodological, applied, and empirical contributions to economics.
对经济学的一般方法、应用和经验贡献。
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一级分类：Quantitative Finance        数量金融学
二级分类：Economics        经济学
分类描述：q-fin.EC is an alias for econ.GN. Economics, including micro and macro economics, international economics, theory of the firm, labor economics, and other economic topics outside finance
q-fin.ec是econ.gn的别名。经济学，包括微观和宏观经济学、国际经济学、企业理论、劳动经济学和其他金融以外的经济专题
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英文摘要：
  Monetary integration has both costs and benefits. Europeans have a strong aversion to exchange rate instability. From this perspective, the EMS has shown its limits and full monetary union involving a single currency appears to be a necessity. This is the goal of the EMU project contained in the Maastricht Treaty. This paper examines the pertinent choices: independence of the Central Bank, budgetary discipline and economic policy coordination. Therefore, the implications of EMU for the economic policy of France will be examined. If the external force disappears, the public sector still cannot circumvent its solvency constraint. The instrument of national monetary policy will not be available so the absorption of asymmetric shocks will require greater wage flexibility and fiscal policy will play a greater role. The paper includes three parts. The first concerns the economic foundations of monetary union and the costs it entails. The second is devoted to the institutional arrangements under the Treaty of Maastricht. The third examines the consequences of monetary union for the economy and the economic policy of France.
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PDF链接：
https://arxiv.org/pdf/1805.12113