The Fate of a Monetary Union

Hubert Kempf
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Hubert Kempf: École Normale Supérieure Paris-Saclay

Chapter 11 in Monetary Unions, 2022, pp 395-428 from Springer

Abstract: Abstract Chapter 11 considers the evolution of a monetary union, its transformations, its maturing, its possible enlargement, breaking-up and ultimate death. It considers successively the various stages of its development: creation, development, extension of membership, exit and possibly its disappearance. It uses both some analytical results and history to illuminate these issues. It makes clear that the social compact underlying the creation of a monetary union and the strength of the commitment to support it are the key factors of viability.

Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sptchp:978-3-030-93232-9_11

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DOI: 10.1007/978-3-030-93232-9_11

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