Policy Instruments Slide 13 of 21

Go to slide: 1: The Euro 2: Outline 3: Some comparative numbers 4: The Euro and Euroland 5: Qualifying Criteria 6: Recent Events 7: Major advantages and disadvantages 8: Current economic situation in Euroland 9: More on advantages ... 10: Who will lose? 11: US$ — Euro exchange rate 12: A bit of theory 13: Policy Instruments 14: What the Euro (Monetary Union) Achieves 15: What to do when the economy is “shocked” 16: Shocks in Euroland 17: Compare this to shocks to the US economy 18: Does this bode ill for Euro and Euroland? 19: Still, what’s the alternative to the Euro? 20: What are the prospects for regulatory/structural reform in Euroland? 21: That’s it, folks

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