Economic and Monetary Union

  • Brian Atkinson


After discussing the background to EMU, this chapter discusses the Maastricht plan, including the criteria for the introduction of a single currency and criticisms made of these criteria and the timetable for its introduction. This is followed by a section outlining the theory of optimal currency areas and the case for and against a single currency. The chapter concludes with a section on the relationship between those countries that join and those that do not, and the position of the European Central Bank.


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© Brian Atkinson 1998

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  • Brian Atkinson

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