Chapter

Denationalizing Monetary Policy: Reflections on 60 Years of European Monetary Integration

Fabian Amtenbrink

in From Single Market to Economic Union

Published in print June 2012 | ISBN: 9780199695706
Published online September 2012 | e-ISBN: 9780191741302 | DOI: http://dx.doi.org/10.1093/acprof:oso/9780199695706.003.0002
Denationalizing Monetary Policy: Reflections on 60 Years of European Monetary Integration

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The world's economic climate remains unstable, while questions on the most favourable fiscal and financial regulation are still critically relevant. This chapter reflects on six decades of European monetary integration and occasionally refers to Usher's scholarship. It discusses the normative challenges that emerge in the context of changing public power in monetary policy from the national to European level. It then studies monetary integration and monetary stability, before it reviews the rationale for the allocation of monetary policy at the European level. This chapter also analyzes the Maastricht institutional framework.

Keywords: economic climate; regulation; monetary integration; monetary policy; monetary stability; Maastricht institutional framework

Chapter.  10808 words.  Illustrated.

Subjects: EU Law

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