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Il processo di integrazione monetaria europea: un confronto tra gli approcci belga e italiano

Author

Listed:
  • Ivo Maes

    (National Bank of Belgium, Research Department, University of Leuven and ICHEC, Bruxelles (Belgio))

  • Lucia Quaglia

    (University of Limerick, Department of Politics and Public Administration, Limerick (Irlanda))

Abstract

This paper analyses the roles which Belgium and Italy have played in the process of European monetary integration. It focusses on Belgian and Italian attitudes towards European integration and EMU, exchange rate policies, key concepts of the EMU strategies and concrete contributions. Overall, Belgium and Italy played an important and pace-setting role in the process of European monetary integration. The main difference is that Belgium has been a constant and consistent "pace-setter" in monetary matters, whereas Italy was mainly active in the 1980s. Furthermore, the paper shows how important it was for a country to achieve a sound economic performance, especially a stable exchange rate, in order to have influence on the European monetary scene.

Suggested Citation

  • Ivo Maes & Lucia Quaglia, 2003. "Il processo di integrazione monetaria europea: un confronto tra gli approcci belga e italiano," Moneta e Credito, Economia civile, vol. 56(224), pages 423-460.
    • Handle: RePEc:psl:moneta:2003:42
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    References listed on IDEAS

    as
    1. Ivo Maes, 2004. "On the Origins of the Franco-German EMU Controversies," European Journal of Law and Economics, Springer, vol. 17(1), pages 21-39, January.
    2. F. Giavazzi & L. Spaventa, 1989. "Italy: The Real Effects of Inflation and Disinflation," Working Papers 71, Dipartimento Scienze Economiche, Universita' di Bologna.
    3. Mongelli, Francesco Paolo, 2002. ""New" views on the optimum currency area theory: what is EMU telling us?," Working Paper Series 138, European Central Bank.
    4. Ivo Maes, 2002. "Economic Thought and the Making of European Monetary Union," Books, Edward Elgar Publishing, number 2515.
    5. Marco Buti & André Sapir (ed.), 2002. "EMU and Economic Policy in Europe," Books, Edward Elgar Publishing, number 2871.
    6. Dyson, Kenneth & Featherstone, Kevin, 1999. "The Road To Maastricht: Negotiating Economic and Monetary Union," OUP Catalogue, Oxford University Press, number 9780198296386.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    EMU; Exchange Rates; Integration;
    All these keywords.

    JEL classification:

    • F31 - International Economics - - International Finance - - - Foreign Exchange
    • F36 - International Economics - - International Finance - - - Financial Aspects of Economic Integration

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