Abstract
According to the Maastricht Treaty, an Economic and Monetary Union (EMU) will be established by the EU. This involves the creation of a monetary union as a complement to the single market with its free movement of goods, persons, services, and capital. This step is one of the most far-reaching ones in the process of EU integration, because the member states of the monetary union will adopt a common currency (the euro) and delegate monetary policy to a common European Central Bank (ECB). The creation of a monetary union, according to a predetermined time table and as a means rather than as a consequence of political integration, is also a unique experiment in monetary history.
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© 1997 Springer Science+Business Media Dordrecht
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Calmfors, L. et al. (1997). Introduction. In: EMU — A Swedish Perspective. Springer, Boston, MA. https://doi.org/10.1007/978-1-4615-6183-5_1
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DOI: https://doi.org/10.1007/978-1-4615-6183-5_1
Publisher Name: Springer, Boston, MA
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Online ISBN: 978-1-4615-6183-5
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