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Monetary Sovereignty under Different International Systems: A Historical Comparison

In: European Monetary Union: The Kingsdown Enquiry

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  • M. Panić

Abstract

The decision to create a European monetary union (EMU) has prompted the fear that the introduction of a single currency and a single central bank will deprive member countries of their national monetary sovereignty: the ability to alter monetary and exchange rate policies according to their individual needs. In Britain, in particular, there is growing concern that EMU will inevitably lead to far-reaching constitutional changes of this kind.

Suggested Citation

  • M. Panić, 1996. "Monetary Sovereignty under Different International Systems: A Historical Comparison," Palgrave Macmillan Books, in: Christopher Taylor (ed.), European Monetary Union: The Kingsdown Enquiry, chapter 31, pages 200-205, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-24825-4_31
    DOI: 10.1007/978-1-349-24825-4_31
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