On the Links Between Monetary and Political Integration
AbstractThe connection between monetary integration and political integration is probably the most contentious aspect of the Maastricht process. In this paper I suggest that relationship between monetary and political integration is contingent; under only slightly different initial conditions, these two dimensions of the integration process can evolve in very different ways. Specifically, whether monetary and political integration develop hand in hand or the first progresses without significant movement toward the second will depend on the accompanying fiscal constitution.
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Bibliographic InfoPaper provided by University of California at Berkeley in its series Center for International and Development Economics Research (CIDER) Working Papers with number C96-077.
Date of creation: 01 Dec 1996
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- Eichengreen, Barry, 1996. "On the Links Between Monetary and Political Integration," Center for International and Development Economics Research, Working Paper Series qt371499mw, Center for International and Development Economics Research, Institute for Business and Economic Research, UC Berkeley.
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- Buiter, Willem H, 1999.
"The EMU and the NAMU: What is the Case for North American Monetary Union?,"
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- Davide Furceri, 2002. "Risk-sharing e architettura istituzionale delle politiche di stabilizzazione nell'UME: aspetti metodologici e verifica empirica," Rivista di Politica Economica, SIPI Spa, vol. 92(6), pages 175-210, November-.
- Robertson, Raymond, 2004. "Defining North American Economic Integration," 2004 NAAMIC Workshop I: North American Agrifood Market Integration: Current Situtation and Perspectives 163856, North American Agrifood Market Integration Consortium (NAAMIC).
- Buiter, Willem H, 2008.
"Economic, Political, and Institutional Prerequisites for Monetary Union Among the Members of the Gulf Cooperation Council,"
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6639, C.E.P.R. Discussion Papers.
- Willem Buiter, 2008. "Economic, Political, and Institutional Prerequisites for Monetary Union Among the Members of the Gulf Cooperation Council," Open Economies Review, Springer, vol. 19(5), pages 579-612, November.
- Willem H. Buiter, 2000. "Is Iceland an Optimal Currency Area?," Economics wp10, Department of Economics, Central bank of Iceland.
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