IDEAS home Printed from https://ideas.repec.org/p/ucn/wpaper/199728.html
   My bibliography  Save this paper

The EU stability pact and the case for European Monetary Union

Author

Listed:
  • J. Peter Neary

Abstract

Along with other prospective EMU members, the Irish government is now commited to the "Stability and Growth Pact", which proposes heavy penalties for countries whose deficit-to-GDP ratios breach certain stipulated conditions. Agreement on the broad outlines on the Pact of Dublin Summit of 13-14 december 1996 was hailed as a triumph of Irish diplomacy. But most academic economists have expressed grave misgivings about the Pact, even those who are pro-EMU. In this paper I want to explain why I believe the majority is right and why the Pact strenghens the argument for postponing Irish entry to EMU until the UK also joins.
(This abstract was borrowed from another version of this item.)

Suggested Citation

  • J. Peter Neary, 1997. "The EU stability pact and the case for European Monetary Union," Working Papers 199728, School of Economics, University College Dublin.
    • Handle: RePEc:ucn:wpaper:199728
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10197/2981
    File Function: First version, 1997
    Download Restriction: no
    ---><---

    Other versions of this item:

    More about this item

    Keywords

    Stability and growth pact; EU; European Monetary Union; Economic and Monetary Union--Membership; Stability and Growth Pact (1997); Monetary policy--Ireland;
    All these keywords.

    JEL classification:

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

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ucn:wpaper:199728. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Nicolas Clifton (email available below). General contact details of provider: https://edirc.repec.org/data/educdie.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.