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The History of Monetary Integration in Europe

In: Monetary Integration in Europe

Author

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  • Horst Tomann

Abstract

Looking back from the European Monetary Union, which was established in 1999, the objective of creating ‘an ever closer union’ has been clearly achieved in the monetary sphere of the economy. At the present time, the euro area consists of 13 member states whose economic potential is comparable to the United States. Moreover, the euro increasingly serves as a vehicle currency and a reserve currency in international relations and, in these functions, competes with the US dollar.

Suggested Citation

  • Horst Tomann, 2007. "The History of Monetary Integration in Europe," Studies in Economic Transition, in: Monetary Integration in Europe, chapter 0, pages 1-16, Palgrave Macmillan.
    • Handle: RePEc:pal:stuchp:978-0-230-28862-1_1
    DOI: 10.1057/9780230288621_1
    as

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