Towards Monetary Union — and Beyond

Mary Farrell
Additional contact information
Mary Farrell: University of North London

Chapter 4 in Spain in the EU, 2001, pp 78-94 from Palgrave Macmillan

Abstract: Abstract One of the triumphs of the Spanish government towards the end of the 1990s was joining European monetary union as a founder member. Under the conservative-led government, the country succeeded in meeting all of the Maastricht Treaty convergence criteria well ahead of schedule, and was launched on the path of monetary integration with the promise of price stability and economic growth in return for its commitment to fiscal rectitude. It was a remarkable achievement, even for a country such as Spain which was an enthusiastic participant in the European integration process since its initial entry to the EC. The enthusiasm for monetary union had been just as fervent, but the seemingly intractable economic problems gave the impression that eligibility was beyond even the careful management of the Bank of Spain.

Keywords: Exchange Rate; Interest Rate; Monetary Policy; Central Bank; European Central Bank (search for similar items in EconPapers)
Date: 2001
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:978-0-333-97757-6_4

Ordering information: This item can be ordered from
http://www.palgrave.com/9780333977576

DOI: 10.1057/9780333977576_4

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 ().