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Maastricht and Monetary Cooperation

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  • Kirrane, Chris

Abstract

This paper describes the opportunities and also the difficulties of EMU with regard to international monetary cooperation. Even though the institutional and intellectual assistance to the coordination of monetary policy in the EU will probably be strengthened with the EMU, among the shortcomings of the Maastricht Treaty concerns the relationship between the founder members and those countries who wish to remain outside monetary union. Even though remedies exist, this problem is currently the main threat to monetary cohesion in Europe and also wider economic and political integration. The institutional and intellectual support for monetary cooperation in the G7 is insufficient. The transition to the third stage of EMU will accentuate this particular deficiency

Suggested Citation

  • Kirrane, Chris, 1996. "Maastricht and Monetary Cooperation," MPRA Paper 88999, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:88999
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    File URL: https://mpra.ub.uni-muenchen.de/88999/1/MPRA_paper_88999.pdf
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    References listed on IDEAS

    as
    1. Kenen,Peter B., 1995. "Economic and Monetary Union in Europe," Cambridge Books, Cambridge University Press, number 9780521558839.
    2. Barry Eichengreen & Jurgen von Hagen, 1996. "Fiscal Policy and Monetary Union: Is There a Tradeoff between Federalism and Budgetary Restrictions?," NBER Working Papers 5517, National Bureau of Economic Research, Inc.
    3. C. Randall Henning, 1994. "Currencies and Politics in the United States, Germany, and Japan," Peterson Institute Press: All Books, Peterson Institute for International Economics, number 15, October.
    4. C. Fred Bergsten & C. Randall Henning, 1996. "Global Economic Leadership and the Group of Seven," Peterson Institute Press: All Books, Peterson Institute for International Economics, number 45, October.
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    Cited by:

    1. Peters, Theo, 1997. "Stability in EMU," MPRA Paper 91713, University Library of Munich, Germany.
    2. Rossi, Giovanni, 1997. "Financial Regulation and EMU," MPRA Paper 89775, University Library of Munich, Germany.
    3. Lefebvre, Dominique, 1997. "Euro Internationalization," MPRA Paper 89353, University Library of Munich, Germany.
    4. Yannis, Athena, 2004. "External constraints and EMU," MPRA Paper 90308, University Library of Munich, Germany.
    5. Garcia, Isabella, 1997. "Spain and EMU," MPRA Paper 89494, University Library of Munich, Germany.
    6. Kirrane, Chris, 2003. "The Choice of Exchange Rate Regimes for EU Accession Countries," MPRA Paper 88877, University Library of Munich, Germany.
    7. Leandros, Panayota, 1997. "The Greek Economy and European Integration," MPRA Paper 93279, University Library of Munich, Germany.
    8. Kirrane, Chris, 1999. "The Effects of Introducing the Euro on Southern Mediterranean Countries," MPRA Paper 93421, University Library of Munich, Germany.
    9. Leandros, Panayota, 2005. "The Euro as an International Currency," MPRA Paper 91393, University Library of Munich, Germany.

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    More about this item

    Keywords

    EMU; Maastrict Treaty;

    JEL classification:

    • F33 - International Economics - - International Finance - - - International Monetary Arrangements and Institutions

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