Chapter

After the Storm

Tommaso Padoa‐Schioppa

in The Road to Monetary Union in Europe

Published in print December 2000 | ISBN: 9780199241767
Published online November 2003 | e-ISBN: 9780191596742 | DOI: http://dx.doi.org/10.1093/0199241767.003.0013
After the Storm

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The concluding essay in the book, written in 1994. It summarizes the factors and events that led to the signing of the Maastricht Treaty in February 1992, and then gives the author's interpretation of events between the late spring of 1992 and early 1994, when the process of ratification and the crisis of the European Monetary System (EMS) interacted so powerfully. The concluding section reflects on the problems of implementing the treaty.

Keywords: EMS; European Monetary System; implementation; ratification; Treaty of Maastricht

Chapter.  10108 words. 

Subjects: Macroeconomics and Monetary Economics

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