European monetary integration
AbstractThis 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.
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Find related papers by 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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