On the origins of the Franco-German EMU controversies
AbstractEMU is, to a large extent, the result of a process of Franco-German reconciliation and understanding. However, in the postwar period, there were significant differences in ideas and economic policy-making in Germany and France. France was dominated by the "tradition républicaine", giving a central role to the state in economic life. In Germany, the federal structure of the state went together with the social market economy. In this paper an analysis is presented of these differences in thought and economic policy-making, how they evolved through time, and how they contributed to shaping the nature and form of the European Union. The focus is on the Rome Treaties, the Werner Report and the Maastricht Treaty process.
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Bibliographic InfoPaper provided by National Bank of Belgium in its series Working Paper Research with number 34.
Length: 46 pages
Date of creation: Jul 2002
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EMU; economic thought; economic policy-making; France; Germany;
Find related papers by JEL classification:
- A11 - General Economics and Teaching - - General Economics - - - Role of Economics; Role of Economists
- B20 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - General
- E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies
- F02 - International Economics - - General - - - International Economic Order; Noneconomic International Organizations;; Economic Integration and Globalization: General
- P16 - Economic Systems - - Capitalist Systems - - - Political Economy of Capitalism
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