European Economic and Monetary Union: Problems, Prospects and Global Financial Implications
AbstractThe process of economic integration has made considerable progress during the 1990s in the European Union (EU). Firstly, with the establishment of a single market in 1993 and now, within a relatively short period of time, the most significant yet, the movement towards a single currency for participating Economic and Monetary Union (EMU) members on 1 January 1999. This will have a major impact not only upon participating, and indeed non participating EU memebers, but also global financial markets in general with the establishment of a single currency (the euro) which has the potential to rival the US dollar as a major international resreve currency.
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Bibliographic InfoPaper provided by School of Economics, University of Wollongong, NSW, Australia in its series Economics Working Papers with number wp97-5.
Length: 42 pages
Date of creation: 1997
Date of revision:
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MONETARY AREAS ; EUROPE;
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- F15 - International Economics - - Trade - - - Economic Integration
- F36 - International Economics - - International Finance - - - Financial Aspects of Economic Integration
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