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Maxi vs Mini EMU: The Political Economy of Stage III

Author

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  • Fratianni, M.

Abstract

The European Union (EU) is about to achieve its dream of creating a monetary union. The road to monetary union started at the Hague Summit of 1969, which inspired the Werner Report of 1970 and many other reports and proposals, and led all the way to the Accord that the European heads of state and government signed in the Dutch town of Maastricht in December 1991. The Accord, later to be ratified as the Treaty on European Union, lays down the Community's strategy to achieve economic and monetary union (EMU) no later than 1999. This paper focuses on the relationship between monetary policy in EMU and the size of the EMU.

Suggested Citation

  • Fratianni, M., 1998. "Maxi vs Mini EMU: The Political Economy of Stage III," Papers 98-003, Indiana - Center for Econometric Model Research.
  • Handle: RePEc:fth:indian:98-003
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    Citations

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    Cited by:

    1. Samuel Brazys & Niamh Hardiman, 2013. "From Tiger to PIIGS: Ireland and the use of heuristics in comparative political economy," Working Papers 201316, Geary Institute, University College Dublin.
    2. Michele Fratianni & Andreas Hauskrecht & Aurelio Maccario, 1998. "Dominant Currencies and the Future of the Euro," Open Economies Review, Springer, vol. 9(1), pages 467-492, January.
    3. Dominick Salvatore, 1998. "International Monetary and Financial Arrangements: Present and Future," Open Economies Review, Springer, vol. 9(1), pages 375-416, January.

    More about this item

    Keywords

    EUROPE ; MONETARY AREAS ; POLITICS;
    All these keywords.

    JEL classification:

    • F15 - International Economics - - Trade - - - Economic Integration
    • F36 - International Economics - - International Finance - - - Financial Aspects of Economic Integration

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