EMU: Threats and Opportunities for Companies and National Economies

David Currie

Chapter 8 in The Impact of the Euro, 2000, pp 113-138 from Palgrave Macmillan

Abstract: Abstract Europe has embarked on an extraordinary undertaking: a single European currency. Although the Maastricht Treaty committed the European Union to the goal of economic and monetary union (EMU) several years ago and the project is now coming to fruition with the launch of the Euro in 11 countries on 1 January 1999, debate over the matter continues to rage. What kind of project is it: an economic initiative, intended to derive the greatest benefits from Europe’s single market, or a broader political idea, leading to closer integration of Europe’s governments? How well will the Maastricht plan work? And, will Europe’s new currency, the Euro, prove to be a blessing or a curse?

Keywords: Exchange Rate; Interest Rate; Monetary Policy; Real Interest Rate; European Central Bank (search for similar items in EconPapers)
Date: 2000
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-37244-3_8

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DOI: 10.1057/9780230372443_8

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