Monetary Union and European Integration

Ian D. Davidson

Chapter 7 in European Monetary Union: The Kingsdown Enquiry, 1996, pp 36-39 from Palgrave Macmillan

Abstract: Abstract Economic and monetary union is often discussed as though it is an economic and monetary project with important political side effects. This is a profound misunderstanding. The project for economic and monetary union, like every other important innovation in the history of the European Community, is essentially a political undertaking, of which the economic and monetary aspects are the practical expression. Indeed the entire enterprise of European integration is, and has always been, essentially a political enterprise. Many or even most of the manifestations of European integration are economic; but they cannot be understood, and they would not have been undertaken, except as part of a broader political enterprise.

Keywords: Monetary Policy; European Integration; Monetary Union; Maastricht Treaty; 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_7

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DOI: 10.1007/978-1-349-24825-4_7

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