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European monetary integration

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  • David G. Mayes

Abstract

This article explores the development of Economic and Monetary Union in Europe from the Second World War through to the end of 2010. It concentrates primarily on the earlier part of the process and contrasts what has been implemented since 1999 with its antecedents and with the prescriptions suggested by economic theory. It covers the work of the Werner Committee, the European Monetary System (including its Exchange Rate Mechanism), the provisions of the Maastricht Treaty, the Stability and Growth Pact and their implementation.

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This chapter was published in: Steven N. Durlauf & Lawrence E. Blume (ed.) , , pages , 2011, 2nd quarter update.

This item is provided by Palgrave Macmillan in its series The New Palgrave Dictionary of Economics with number v:5:year:2011:doi:3857.

Handle: RePEc:pal:dofeco:v:5:year:2011:doi:3857

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Related research

Keywords: Delors Committee; Economic and Monetary Union; Europe; European Monetary System; Exchange Rate Mechanism; integration; Maastricht Treaty; monetary union; Stability and Growth Pact; Werner Report;

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