European Economic and Monetary Union: Problems, Prospects and Global Financial Implications

C. Harvie

Economics Working Papers from School of Economics, University of Wollongong, NSW, Australia

Abstract: The 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.

Keywords: MONETARY AREAS; EUROPE (search for similar items in EconPapers)
JEL-codes: F15 F36 (search for similar items in EconPapers)
Date: 1997

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Persistent link: http://EconPapers.repec.org/RePEc:uow:depec1:wp97-5

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