Asymmetric Monetary Transmission in Europe

Focusing on the challenges of asymmetric monetary transmission in the Eurozone, this book analyzes the impact of the European Central Bank's policies on member countries with varying financial structures and labor market characteristics. It addresses the implications of the Maastricht convergence criteria on national fiscal policies and explores the limited European monetary experience available to the ECB and ESCB. With a backdrop of economic globalization and high unemployment rates, the work aims to enhance understanding of monetary policy efficiency within the context of the newly formed European Monetary Union.