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Content
1. Introduction
2. Fiscal Governance
2.1 Fiscal policy Rules
2.2 Independet fiscal institutions
2.3 Medium-term budgetary frameworks
2.4 The theory of optimum currency areas
3. Risks and bailout in the European Monetary Union
4. The European Centrall Bank
4.1 Goals of the ECB and monetary policy
4.2 Instruments of the ECB
5. How advanced ist the European Union
6. Conclusion
7. Sources
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- Dennis Trom (Author), 2013, The monetary and fiscal policies of the European Union - right or wrong?, Munich, GRIN Verlag, https://www.grin.com/document/267330
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