Economic Union

André Szász
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André Szász: Dutch Central Bank

Chapter 17 in The Road to European Monetary Union, 1999, pp 154-164 from Palgrave Macmillan

Abstract: Abstract While Monetary Union implies a common monetary policy pursued by a European Central Bank, Economic Union as contained in the Maastricht Treaty implies neither a common policy nor a common authority. It merely obliges member states to coordinate their economic policies, as did the Rome Treaty in its original form, and in addition to avoid what are termed excessive budget deficits. This difference between Monetary Union and Economic Union reflects the limits of member states’ readiness to give up national sovereignty.

Keywords: Member State; Monetary Policy; European Central Banking; European Central; Budget Deficit (search for similar items in EconPapers)
Date: 1999
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-59947-5_17

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DOI: 10.1057/9780230599475_17

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