EMU: Unresolved Issues Relating to Stage 3

Paul Richards

Chapter 47 in European Monetary Union: The Kingsdown Enquiry, 1996, pp 332-350 from Palgrave Macmillan

Abstract: Abstract This paper considers, from a market perspective, the issues relating to Stage 3 of EMU that remain to be resolved, on the assumptions that: 1. Stage 3 is likely to begin on the last date specified in the Maastricht Treaty (that is, 1 January 1999); 2. The key decisions will be taken about one year before Stage 3 begins. 3. After Stage 3 begins, a further period of about three years will be needed to complete the conversion of national currencies into the ECU as the single currency.1

Keywords: Member State; Monetary Policy; Central Bank; National Currency; Single Currency (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_47

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DOI: 10.1007/978-1-349-24825-4_47

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