Distributive consequences of a monetary union: what can we learn from a referendum?

Pierre-Guillaume Méon

Applied Economics Letters, 2002, vol. 9, issue 9, 581-584

Abstract: A logit model is used to study the approval rate during the referendum on the Maastricht Treaty held in France in 1992. Results show a remarkable correlation between the approval rate in French departments and their economic characteristics as defined by the theory of optimum currency areas. They support the view that individual agents' opinions towards EMU depended on its impact on their welfare.

Date: 2002
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DOI: 10.1080/13504850110111180

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