The Case for European Monetary Union

Nigel M. Healey

Chapter 2 in The Impact of the Euro, 2000, pp 19-41 from Palgrave Macmillan

Abstract: Abstract In 1988, inspired by early progress in ‘completing the single market’ under the 1992 programme, the European Union (EU) charged the then President of the European Commission, Jacques Delors, with preparing a blueprint for full economic and monetary union (EMU). By 1991, the Treaty on European Union, commonly known as the ‘Maastricht Treaty’, had been signed, setting a final deadline of January 1999 for the start of EMU (Council of Ministers, 1992). Despite currency upheavals and the onset of recession in the mid-1990s, the building blocs for monetary union were subsequently set in place. The European Monetary Institute (EMI), the forerunner of a future European Central Bank (ECB), began operations from its Frankfurt base in January 1994. The ‘Euro’ was chosen as the name for the new single currency and national central banks were reformed ready for the creation of a single central banking system under the control of the ECB.

Keywords: European Union; Monetary Policy; Central Bank; European Central Bank; Monetary Union (search for similar items in EconPapers)
Date: 2000
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-37244-3_2

Ordering information: This item can be ordered from
http://www.palgrave.com/9780230372443

DOI: 10.1057/9780230372443_2

Access Statistics for this chapter

More chapters in Palgrave Macmillan Books from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().