Abstract
The Belgium-Luxemburg Economic Union (BLEU) has never created much interest. The few articles devoted to it are not of very recent date. The best known is the short survey by J. E. Meade (1962). In this paper I shall consider successively — after a brief introduction — the characteristics of the Union, the nature of the monetary association and the dangers threatening this association, namely substantial capital movements and a persistent deficit on current account. A comparison with the European Community (EC) is followed by a concluding commentary.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Preview
Unable to display preview. Download preview PDF.
References
Ahlborn, H. (1991), La contribution relative actuelle du Grand-Duché de Luxembourg à la balance des opérations courantes de l’Union Economique Belgo-Luxembourgeoise, in: Rèperes, No. 24
Beauvois, R. (1984), Le rôle actuel et futur de la Banque Nationale de Belgique dans le cadre de l’Union Economique Belgo-Luxem- bourgeoise, in: Institut Universitaire International (éd.), La question monétaire au Luxembourg, Mars
Bernard, H. (1961), Terre commune. Histoire des pays de Benelux, microcosme de l’Europe, Turnhout, Brepols
Bindert-Bogdanowicz, C. (1979), The Dual Exchange Rate System. Review of some Theoretical and Practical Issues with Particular Reference to the Belgian-Luxemburg Economic Union (BLEU), in: Revue de la Banque, June
Blaisse, Mark/Cerf, Paul (1991), Luxemburg, the Shrewd Dwarf, in: European Affairs, Aug.-Sep.
Boll, F. (1979), The Structure of the Balance of Payments of the Belgo- Luxemburg Economic Union in Relation to its Dual Exchange- Rate System, in: Cahiers Economiques de Bruxelles, 3rd quarter
Commission of the European Communities (1984), Five Years of Monetary Cooperation in Europe (Communication from the Commission to the Council), COM (84) 125 final, 2 March
Fleming, J. M. (1974), Dual Exchange Market and other Remedies for Disruptive Capital Flows, in: IMF Staff Papers, March
GroupeTalent (1970), Le système belge du double taux de change, in: Cahiers Economiques de Bruxelles, 2e trim
Institut Belgo-Luxembourgeois Du Change (1985), Annual Report 1984, In: Moniteur Belge, 5 July
Issing, Otmar (1992), quoted in Le Monde, 13 November
Meade, J. E. (1962), The Belgium-Luxemburg Economic Union, 1921–1939, in: Meade, J. E./Liesner, H. H./Wells, S. J. (eds.), Case Studies in European Economic Union. The Mechanism of Integration, Oxford
Meerhaeghe, M. A. G. van (1987), The Belgium-Luxemburg Economic Union, SUERF series 54 A, Tilburg
Meerhaeghe, M. A. G. van (1989), Taxation and the European Community, in: Economia delle Scelte Pubbliche, No. 1/2
Meerhaeghe, M. A. G. van (1992), International Economic Institutions, 6th ed., Dordrecht, Boston, London
Pescatore, P. (1965), L’Union Economique Belgo-Luxembourgeoise: expériences et perspectives d’avenir, in: Chronique de Politique Etrangère
Poos, Jacques F. (1977), Crise économique et petites nations. Le modèle luxembourgeois, Centre de Recherches Européennes, Lausanne
Puttemans, R. (1979), La place financière de Luxembourg, in: Revue de la Banque, No. 3
Quintyn, Marc/Vuchelen, J. (1992), Monetary Policy, in: Meerhaeghe, M. A. G. (ed.), Belgium and EC Membership Evaluated, New York
Santer, J. (1994), Luxembourg fidèle à la Belgique, in: L’Echo, 24 Feb.
Soldatos, P. (1984), L’Union Economique Belgo-Luxembourgeoise au lendemain de sa reconduction: les contours et les enseignements politico-institutionnels d’une réussite discrete, in: Studia Diplomatica, No. 5
Valenne, P. M. (1989), Luxembourg, une place financière importante, efficace et solide, in: Repères, III
VAN Overtveldt, J. (1983), Dubbele wisselmarkt is nep, in: Trends, 3 Feb.
Ypersele, J. van/Koeune, J. C. (1983), The European Monetary System. Origins, Operation and Outlook, European Commission, Brussels
Author information
Authors and Affiliations
Editor information
Editors and Affiliations
Rights and permissions
Copyright information
© 1995 Physica-Verlag Heidelberg
About this paper
Cite this paper
van Meerhaeghe, M.A.G. (1995). The Belgium-Luxemburg Economic Union. In: Lang, F.P., Ohr, R. (eds) International Economic Integration. Studies in Contemporary Economics. Physica-Verlag HD. https://doi.org/10.1007/978-3-642-48421-6_5
Download citation
DOI: https://doi.org/10.1007/978-3-642-48421-6_5
Publisher Name: Physica-Verlag HD
Print ISBN: 978-3-7908-0861-2
Online ISBN: 978-3-642-48421-6
eBook Packages: Springer Book Archive