European monetary integration

Mourlon-Druol, E. (2020) European monetary integration. In: Battilossi, S., Cassis, Y. and Yago, K. (eds.) Handbook of the History of Money and Currency. Springer: Singapore. ISBN 9789811305955

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This chapter analyses the process of monetary integration in Europe between 1945 and 1992, when the Treaty of Maastricht introduced the euro as the single currency of most member states of the European Union (EU). It introduces the main theories used in dealing with the monetary integration of Europe, and provides the institutional and global context in which the discussions took place. It analyses the different types of monetary integration that Europe used and debated, including the use of the unit of account, the debate over the introduction of a parallel currency, exchange rate coordination, and the creation of a single currency. It finally presents the different phases of the creation of the euro.

Item Type:Book Sections
Additional Information:Ebook isbn 9789811305979
Keywords:European Unit of Account (EUA), Exchange Rate Mechanism (ERM), European Monetary System (EMS), European Currency Unit (ECU), parallel currency, euro.
Glasgow Author(s) Enlighten ID:Mourlon-Druol, Professor Emmanuel
Authors: Mourlon-Druol, E.
College/School:College of Social Sciences > Adam Smith Business School > Management
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Project CodeAward NoProject NamePrincipal InvestigatorFunder's NameFunder RefLead Dept
719951EURECONEmmanuel Mourlon-DruolEuropean Research Council (ERC)716849BUS - MANAGEMENT
173755EURECONEmmanuel Mourlon-DruolEuropean Research Council (ERC)Mourlon-Druol, Dr EmmanueBS - Management