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European monetary integration

Author

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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.

Suggested Citation

  • David G. Mayes, 2011. "European monetary integration," The New Palgrave Dictionary of Economics,, Palgrave Macmillan.
  • Handle: RePEc:pal:dofeco:v:5:year:2011:doi:3857
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    File URL: http://www.dictionaryofeconomics.com/article?id=pde2011_E000324
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    Citations

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    Cited by:

    1. Gordon L. Clark, 2015. "The geography of the European Central Bank: form, functions and legitimacy," Journal of Economic Geography, Oxford University Press, vol. 15(5), pages 855-881.

    More about this item

    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;
    All these keywords.

    JEL classification:

    • F15 - International Economics - - Trade - - - Economic Integration
    • N14 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - Europe: 1913-
    • E42 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Monetary Sytsems; Standards; Regimes; Government and the Monetary System

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