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OECD Economic Surveys: Euro Area 2003

image of OECD Economic Surveys: Euro Area 2003

This 2003 edition of OECD's Economic Survey of the Euro Area examines recent economic developments, policies and prospects and  includes  special features on fiscal policy challenges, monetary management, and product market competition.

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Monetary Management

The previous Survey concluded that the Eurosystem’s record to date had been satisfactory overall, and developments since then broadly confirm this assessment. The Eurosystem readily weathered the financial stress in the immediate aftermath of the 11 September terrorist attacks in 2001 and managed the introduction of cash euros on 1 January 2002 very smoothly…

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