Chapter

Monetary Integration in Europe: Ideas and Evolution

Amy Verdun

in The State of the European Union

Published in print December 2000 | ISBN: 9780198297574
Published online November 2003 | e-ISBN: 9780191598982 | DOI: http://dx.doi.org/10.1093/0198297572.003.0005
Monetary Integration in Europe: Ideas and Evolution

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The Economic and Monetary Union (EMU) resulted from the convergence of ideas about the aim of monetary policy and the design of EMU. It will lead to a further revival of the EU if there remains a clear consensus and widespread support for common ideas on the objectives of economic and monetary policy. On the other hand, the EMU may pose a serious risk to the integration process if its costs and benefits are unevenly spread across EU member states, sectors, regions, and citizens.

Keywords: Economic and Monetary Union; monetary policy; economic policy; European Union; integration

Chapter.  8295 words. 

Subjects: European Union

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