Money and European Union: Synopsis

Stephen Frank Overturf

Chapter Eleven in Money and European Union, 1997, pp 179-184 from Palgrave Macmillan

Abstract: Abstract Europe is integrating around money. In spite of the sometimes agonizing difficulties in moving forward, and often low levels of recorded public approval, the process leading to full monetary union has remained strong. The Maastricht Treaty was signed and ratified, entailing a major sacrifice of sovereignty of the participating states to the European level. Then in early 1999 eleven EU states formally established a common currency—the euro—against which their own currencies were irrevocably fixed. In spite of powerful negative forces and momentous external events in the approach to the introduction of the euro the will of the states to remain committed to the project held strong. By mid-2002 euro notes and coins in full circulation will end the transition by having all transactions take place in the new currency.

Keywords: Monetary Policy; European Central Bank; Monetary Union; Single Market; Common Currency (search for similar items in EconPapers)
Date: 1997
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:978-1-349-62370-9_11

Ordering information: This item can be ordered from
http://www.palgrave.com/9781349623709

DOI: 10.1007/978-1-349-62370-9_11

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 ().