Can You Have a Monetary Union without a Political Union?

Niels Thygesen

Chapter 28 in European Monetary Union: The Kingsdown Enquiry, 1996, pp 183-190 from Palgrave Macmillan

Abstract: Abstract It is tempting for me to answer a flat yes to the question asked in the chapter title and then to stop, but that would hardly be satisfactory to you and to the many participants in the public debate in Britain who appear to be firmly convinced that the answer is in the negative. So let me begin by exploring the meaning of ‘political union’, which is by no means as clear as that of ‘monetary union’ defined in, probably excessive, detail in the Maastricht Treaty.

Keywords: Member State; Monetary Policy; Central Bank; European Central Bank; Monetary Union (search for similar items in EconPapers)
Date: 1996
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-24825-4_28

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DOI: 10.1007/978-1-349-24825-4_28

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