Maxi vs Mini EMU: The Political Economy of Stage III

Michele Fratianni

Working Papers from Indiana - Center for Econometric Model Research

Abstract: The European Union (EU) is about to achieve its dream of creating a monetary union. The road to monetary union started at the Hague Summit of 1969, which inspired the Werner Report of 1970 and many other reports and proposals, and led all the way to the Accord that the European heads of state and government signed in the Dutch town of Maastricht in December 1991. The Accord, later to be ratified as the Treaty on European Union, lays down the Community's strategy to achieve economic and monetary union (EMU) no later than 1999. This paper focuses on the relationship between monetary policy in EMU and the size of the EMU.

Keywords: EUROPE; MONETARY AREAS; POLITICS (search for similar items in EconPapers)
JEL-codes: F15 F36 (search for similar items in EconPapers)
Pages: 27 pages
Date: 1998
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Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:fth:indian:98-003

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