Bibliographic Information

EMU 2000? : prospects for European monetary union

Christopher Taylor

(Chatham House papers)

Royal Institute of International Affairs, 1995

  • : hbk
  • : pbk

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Note

Bibliographical references : p. 155-164

Description and Table of Contents

Description

With the ratification of the Maastricht Treaty, the Member States of the European Community committed themselves to forming a monetary union with a single currency and central bank by around the year 2000. This study starts by looking at the background to EMU and the ambitions of its protagonists. It discusses the economic principles and the empirical evidence for and against EMU, and then examines the detailed Maastricht blueprint. Proposals for improvements are made and an assessment offered of the likelihood and advisability of Europe forming EMU by the end of the century, and whether Britain should join.

Table of Contents

  • The Maastricht Treaty
  • the road to Maastricht
  • is the EC an optimal currency area?
  • one market, one money
  • mandate, independence and accountability
  • the transition
  • conclusions - to join or not to join?

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