Monetary integration in Europe

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Chapter 23 in The International Monetary System and the Theory of Monetary Systems, 2016, pp 228-244 from Edward Elgar Publishing

Abstract: Monetary integration is usually viewed as implying the replacement of several national currencies by one single currency controlled by an international central bank (as is the case with the euro and the European Central Bank). However, a definition and evaluation of monetary integration cannot be made without referring to the roles of money which have been studied previously. It then appears that there are possible routes towards monetary integration other than the substitution of an international monetary system for national systems, namely competition betwen existing currencies, or even competition with newly invented private currencies (such as those which are appearing nowadays).

Keywords: Economics and Finance (search for similar items in EconPapers)
Date: 2016
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Citations: View citations in EconPapers (4)

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