The Future of the European Union: The Euro and the Welfare State

M. Panić
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M. Panić: University of Cambridge

Chapter 8 in Globalization, 2011, pp 220-241 from Palgrave Macmillan

Abstract: Abstract The most distinctive feature of the European Monetary Union (EMU) is its uniqueness. It is impossible to find a single case since the beginning of the Industrial Revolution where a number of independent, sovereign states have created a complete monetary union with a common currency, central bank, monetary and exchange rate policies without first establishing a political union!

Keywords: Monetary Policy; Central Bank; Welfare State; Fiscal Policy; Public Debt (search for similar items in EconPapers)
Date: 2011
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-30701-8_8

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DOI: 10.1057/9780230307018_8

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