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“Euro”-Währungsblöcke als Alternative zur europäischen Einheitswährung

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  • Rübel Gerhard

    (Universität Passau Lehrstuhl für Volkswirtschaftslehre mit Schwerpunkt Geld und Aussenwirtschaft Innstraße 27, D - 94032 Passau)

Abstract

Due to both several criteria for participating in a European Monetary Union and a fixed schedule the process of monetary integration in Europe is stuck in a dilemma. Watering down these conditions would cause problems concerning both stability and acceptance, whereas giving up the time schedule could postpone the project of a European Monetary Union into the unknown future. However, if the monetary union only starts with a few countries, a multi class society will be the result. Due to several reasons this raises the danger of division and of the end of the whole process of European integration. As a solution to this dilemma a parallel integration into currency blocs is proposed. With an optimal number of these “Euro”-blocs it would be possible to benefit from monetary integration without having to give up the stabilizing effects of different currencies.

Suggested Citation

  • Rübel Gerhard, 1996. "“Euro”-Währungsblöcke als Alternative zur europäischen Einheitswährung," Zeitschrift für Wirtschaftspolitik, De Gruyter, vol. 45(3), pages 337-355, December.
  • Handle: RePEc:lus:zwipol:v:45:y:1996:i:3:p:337-355:n:5
    DOI: 10.1515/zfwp-1996-0305
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