The German financial system and European monetary union |
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| Affiliation: | 1. Deutsche Bundesbank, Wilhelm-Epstein Strasse 14, 60431, Frankfurt am Main, Germany;1. Departamento de Análisis Económico (Universitat de València), Avda. de los Naranjos s/n, 46022 Valencia, Spain;2. Ivie, C/Guardia Civil 22, Esc 2-1, 46020, Valencia, Spain;1. Physics Department, Faculty of Mathematics and Natural Sciences, Institut Teknologi Bandung, Jl. Ganesha No. 10, Bandung 40132, Indonesia;2. Magnetic and Photonic Research Group, Physics Department, Faculty of Mathematics and Natural Sciences, Institut Teknologi Bandung, Jl. Ganesha No. 10, Bandung 40132, Indonesia;1. School of Science, China Pharmaceutical University, 639 Longmian Avenue, Nanjing, 211198, PR China;2. School of Pharmacy, Henan University of Chinese Medicine, Zhengzhou, 450046, PR China;3. Center of Drug Discovery, China Pharmaceutical University, 24 Tongjiaxiang, Nanjing, 210009, PR China;4. School of Pharmacy, China Pharmaceutical University, 24 Tongjiaxiang, Nanjing, 210009, PR China;5. School of Pharmaceutical Sciences, Xiamen University, South Xiangan Rd., Xiamen, 361000, PR China;6. College of Chemistry and Chemical Engineering, Xiamen University, Xiamen, 361102, PR China |
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| Abstract: | In connection with the European monetary union there has been much speculation about changes European monetary union will engender in member states’ financial systems. Assessments have varied greatly, and are still varying. On the other hand, for a number of reasons, it is important to be able to forecast the impact of European monetary union on the financial system. The paper outlines some major developments in the German financial system during the past few years. It is, however, often very difficult to identify a clear and causal connection between the launch of monetary union and these changes. The paper concludes with some monetary policy implications and issues. |
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