Monetary Policy and the Euro

Loukas Tsoukalis

in Governing Europe

Published in print March 2003 | ISBN: 9780199250158
Published online November 2003 | e-ISBN: 9780191599439 | DOI:
 Monetary Policy and the Euro

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This chapter first briefly traces the history of European monetary integration. It then examines: the politics and economics of the Maastricht Treaty and Economic and Monetary Union/European Monetary Union (EMU); the convergence criteria and the transition to the final stage; and the institutional structure provided for in the treaty. It concludes with the main outstanding issues, drawing on the experience of the first two years of life with the euro, and the prospects for the future.

Keywords: convergence; Economic and Monetary Union; euro; Europe; European monetary integration; European Monetary Union; history; institutional structure; Maastricht Treaty; monetary policy; transition to Economic and Monetary Union

Chapter.  8500 words. 

Subjects: European Union

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