Introduction

M. Panić
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M. Panić: Selwyn College

A chapter in European Monetary Union, 1992, pp 1-15 from Palgrave Macmillan

Abstract: Abstract The apparent determination of most members of the European Community to create a monetary union by the end of the 1990s has sparked off a heated debate among politicians, bankers, economists and interested laymen. Much of this stems from the fear of influential political groups — particularly strong in the United Kingdom — that the union represents, effectively, the penultimate step in the process of creating a United States of Europe. After all, a monetary and economic union of the kind proposed by the Delors Committee in 1989 and approved by Heads of EC Governments at their meeting in Maastricht two years later requires a common political authority to decide its economic and social priorities.

Keywords: Exchange Rate; Monetary Policy; Central Bank; European Central Bank; Monetary Union (search for similar items in EconPapers)
Date: 1992
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-13452-6_1

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DOI: 10.1007/978-1-349-13452-6_1

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