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Distributive consequences of a monetary union: what can we learn from a referendum?

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  • Pierre-Guillaume Meon

Abstract

A logit model is used to study the approval rate during the referendum on the Maastricht Treaty held in France in 1992. Results show a remarkable correlation between the approval rate in French departments and their economic characteristics as defined by the theory of optimum currency areas. They support the view that individual agents' opinions towards EMU depended on its impact on their welfare.

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  • Pierre-Guillaume Meon, 2002. "Distributive consequences of a monetary union: what can we learn from a referendum?," Applied Economics Letters, Taylor & Francis Journals, vol. 9(9), pages 581-584.
    • Handle: RePEc:taf:apeclt:v:9:y:2002:i:9:p:581-584
    DOI: 10.1080/13504850110111180
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    Cited by:

    1. Lars Jonung, 2004. "The Political Economy of Monetary Unification: The Swedish Euro Referendum of 2003," Cato Journal, Cato Journal, Cato Institute, vol. 24(1-2), pages 123-149, Spring/Su.
    2. Andrew Austin, 2005. "Provincial Interests and Political Integration: Voting in the French Maastricht Referendum," CERGE-EI Working Papers wp281, The Center for Economic Research and Graduate Education - Economics Institute, Prague.
    3. Jonung, Lars, 2004. "To be or not to be in the euro? Benefits and costs of monetary unification as perceived by voters in the Swedish euro referendum 2003," MPRA Paper 1334, University Library of Munich, Germany.
    4. Hayat, Muhammad Azmat & Farvaque, Etienne, 2012. "Public attitudes towards central bank independence: Lessons from the foundation of the ECB," European Journal of Political Economy, Elsevier, vol. 28(4), pages 512-523.

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