European economic and monetary union / Deutsche Bundesbank.

Foreword, 7 -- Historical overview, 9 -- The progressive The first stage of European economic and establishment of monetary union -- I. The first stage of European economic monetary union, 16 -- II. The second stage as a preparatory and transitional phase, 17 -- III. Selection of the countries participating in the third stage and transition to the final stage; establishment of the European Central Bank, 24 -- IV. Introduction of euro banknotes and coins, 26 -- Economic union -- I. Coordination of economic policy in the European Union and its member states necessity and legal basis, 30 -- II. Economic policy coordination bodies, 31 -- Economic union, 35 -- III Forms of economic policy coordination and coordination procedures, 35 -- Monetary union, 46 -- I. The institutional framework for the implementation of the single monetary policy in Europe, 46 -- II. The Eurosystem's monetary policy strategy and operational framework, 60 -- III. Exchange rate policy and external representation, 72 -- The exchange rate mechanism in the third stage of European economic and monetary union, 78 -- I. Background and legal basis, 78 -- II. Structural features of the system, 79 -- III. Experience with the system to date, 81 -- Outlook - the accession process, 83 -- Keywords, 87.