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Can You Have a Monetary Union without a Political Union?

In: European Monetary Union: The Kingsdown Enquiry

Author

Listed:
  • Niels Thygesen

Abstract

It is tempting for me to answer a flat yes to the question asked in the chapter title and then to stop, but that would hardly be satisfactory to you and to the many participants in the public debate in Britain who appear to be firmly convinced that the answer is in the negative. So let me begin by exploring the meaning of ‘political union’, which is by no means as clear as that of ‘monetary union’ defined in, probably excessive, detail in the Maastricht Treaty.

Suggested Citation

  • Niels Thygesen, 1996. "Can You Have a Monetary Union without a Political Union?," Palgrave Macmillan Books, in: Christopher Taylor (ed.), European Monetary Union: The Kingsdown Enquiry, chapter 28, pages 183-190, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-24825-4_28
    DOI: 10.1007/978-1-349-24825-4_28
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