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Separation and Dissolution

In: Euro on Trial

Author

Listed:
  • Brendan Brown

Abstract

There is nothing in the Treaty of Maastricht about how countries can withdraw from European monetary union. Indeed, a withdrawal would be a breach of the Treaty. But broken treaties are the subject matter of much history! Past experience of monetary unions suggest that they do disintegrate. The very different nature, however, of today’s European monetary union from previous smaller unions founded under the gold or bimetallic standards limits seriously the value of studying past episodes.

Suggested Citation

  • Brendan Brown, 2004. "Separation and Dissolution," Palgrave Macmillan Books, in: Euro on Trial, chapter 3, pages 63-96, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-50859-0_3
    DOI: 10.1057/9780230508590_3
    as

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