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Emu, Maastricht, And The 1996 Intergovernmental Conference

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  • PATRICK M. CROWLEY

Abstract

This paper presents various economic approaches to achieving monetary union, particularly in the context of European Economic and Monetary Union (EMU) as envisaged in the 1991 Maastricht Treaty. It evaluates the implications of Maastricht, given the economic convergence criteria embodied in the Treaty, in terms of economic policy for individual Member States and for the European Union (EU) as a whole. The paper assesses the EU's options for amending the Maastricht Treaty at its scheduled inter‐governmental conference (IGC).

Suggested Citation

  • Patrick M. Crowley, 1996. "Emu, Maastricht, And The 1996 Intergovernmental Conference," Contemporary Economic Policy, Western Economic Association International, vol. 14(2), pages 41-55, April.
    • Handle: RePEc:bla:coecpo:v:14:y:1996:i:2:p:41-55
    DOI: 10.1111/j.1465-7287.1996.tb00612.x
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    References listed on IDEAS

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    1. Eichengreen, Barry, 1993. "European Monetary Unification," Journal of Economic Literature, American Economic Association, vol. 31(3), pages 1321-1357, September.
    2. Fratianni, Michele & von Hagen, Jürgen & Waller, Christopher, 1992. "From EMS to EMU," CEPR Discussion Papers 618, C.E.P.R. Discussion Papers.
    3. Xavier Sala-i-Martin & Jeffrey Sachs, 1991. "Fiscal Federalism and Optimum Currency Areas: Evidence for Europe From the United States," NBER Working Papers 3855, National Bureau of Economic Research, Inc.
    4. Alesina, Alberto F & Grilli, Vittorio, 1993. "On the Feasibility of a One- or Multi-Speed European Monetary Union," CEPR Discussion Papers 792, C.E.P.R. Discussion Papers.
    5. Barro, Robert J & Gordon, David B, 1983. "A Positive Theory of Monetary Policy in a Natural Rate Model," Journal of Political Economy, University of Chicago Press, vol. 91(4), pages 589-610, August.
    6. Barry Eichengreen & Charles Wyplosz, 1993. "The Unstable EMS," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 24(1), pages 51-144.
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    Cited by:

    1. Layna Mosley, 2004. "Government–Financial Market Relations after EMU," European Union Politics, , vol. 5(2), pages 181-209, June.
    2. International Monetary Fund, 2007. "Euro Area Policies: Selected Issues," IMF Staff Country Reports 2007/259, International Monetary Fund.

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