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The International Impact of the European Monetary Union
05 Dec - 12 Dec, 1998
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Faculty:
David Hannay
(Chair)
- Former British Permanent Secretary to the European Union and the United Nations
Graham Bishop
- Advisor on European Financial Affairs, Salomon Smith Barney, London
Oldrich Dedek
- Advisor to the Prime Minister of the Czech Republic, Prague
John Kornblum
- United States Ambassador to Germany, Bonn
Robert Kudrle
- Associate Dean for Research, and Director, Freeman Center for International Economic Policy, University of Minnesota, Minneapolis
Klaus Liebscher
- President, Austrian National Bank, Vienna
Kunio Matsuda
- Chief Representative in Frankfurt, Bank of Japan
Roger Murray
- Former President, Cargill Europe, London
John Richardson
Helmut Schieber
- Member of the Board, Deutsche Bundesbank, Frankfurt Senior Contributor
Additional Session Support:
Peter Schmidhuber
(Resource Specialist)
- Member of the Board, Deutsche Bundesbank, Frankfurt
Abstract:
With the planned introduction of the European Monetary Union (EMU) on January 1, 1999, Europe will enter an era of unprecedented integration and cooperation. The establishment of a single currency for Europe—the euro—and the introduction of a common monetary and exchange rate policy for members of the monetary union will have profound implications not only for Europe internally, but for the international community as a whole. This session will first explore the impact of the EMU on the continuing political and economic unification of Europe. Topics of discussion will include the social, cultural, and political ramifications of the euro; the establishment of the European Central Bank; and the implications of the EMU for the potential enlargement and consolidation of the European Union. The session will then turn its focus to the impact of the EMU outside of Europe. Discussions will consider the effect the EMU will have on international financial markets and currency exchange mechanisms; the impact of the EMU on global business, trade, and investment trends; and ways in which political and economic relations among the United States, Asia, Latin America, Africa, and Europe may change as a result of the EMU.
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Session Faculty
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John Richardson
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John Kornblum
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