Monetary and Fiscal Integration

Alec Cairncross, Herbert Giersch, Alexandre Lamfalussy, Giuseppe Petrilli and Pierre Uri

Chapter 2 in Economic Policy for the European Community, 1974, pp 29-63 from Palgrave Macmillan

Abstract: Abstract The objective of monetary union, on which so much debate has raged, did not feature in the Treaty of Rome. It only came to the forefront of inter-governmental discussion after a series of international monetary crises in the late 1960s. Changes in exchange rates, the threat that currency fluctuations were thought to pose for the Community’s common agricultural policy and a growing desire in some quarters for a monetary counter-weight to the American dollar were major factors which combined to stimulate interest in closer monetary integration.

Keywords: Exchange Rate; Monetary Policy; European Community; Fiscal Policy; Member Country (search for similar items in EconPapers)
Date: 1974
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-02407-0_2

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DOI: 10.1007/978-1-349-02407-0_2

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