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National Labour Market Institutions and the European Economic and Monetary Integration Process

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  • FREDDY HEYLEN
  • ANDRÉ VAN POECK

Abstract

This article investigates the role of national labour market institutions for the chances of successful transition to Economic and Monetary Union (EMU) in Europe, as well as for its viability. The conclusions are rather pessimistic. Although overlooked by the Maastricht Treaty, the need for real convergence (convergence of unemployment rates) is emphasized as a major condition for success. However, current labour market institutions in the EU make it quite unlikely that this condition will be fulfilled. We show that the implementation of the Maastricht programme may instead turn into an obstacle to monetary unification. Copyright 1995 BPL.

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Bibliographic Info

Article provided by Wiley Blackwell in its journal Journal of Common Market Studies.

Volume (Year): 33 (1995)
Issue (Month): 4 (December)
Pages: 573-595

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Handle: RePEc:bla:jcmkts:v:33:y:1995:i:4:p:573-595

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Web page: http://www.blackwellpublishing.com/journal.asp?ref=0021-9886

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Cited by:
  1. Michael Mesch, 1999. "Vom Wettbewerbskorporatismus zur transnationalen Koordination der Lohnpolitik in der EU? (Teil 1)," Wirtschaft und Gesellschaft - WuG, Kammer für Arbeiter und Angestellte für Wien, Abteilung Wirtschaftswissenschaft und Statistik, vol. 25(4), pages 387-422.
  2. Michael Mesch, 2000. "Vom Wettbewerbskorporatismus zur transnationalen Koordination der Lohnpolitik in der EU? (Teil 2)," Wirtschaft und Gesellschaft - WuG, Kammer für Arbeiter und Angestellte für Wien, Abteilung Wirtschaftswissenschaft und Statistik, vol. 26(1), pages 7-64.
  3. Everaert, Gerdie & Heylen, Freddy, 2004. "Public capital and long-term labour market performance in Belgium," Journal of Policy Modeling, Elsevier, vol. 26(1), pages 95-112, January.

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