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Why European monetary union?

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  • Kirrane, Chris

Abstract

European monetary integration is on the agenda. In April 1989, the Dublin European Council announced its agreement on the European Monetary Union by January 1993, the date of the planned completion of the large internal European market. While the heads of state and government encourage monetary integration for essentially political reasons, economists examine the costs and benefits. This paper attempts to answer two fundamental questions that an economist would like to ask about European monetary integration: What are the reasons for moving towards monetary integration? What are the concrete measures?

Suggested Citation

  • Kirrane, Chris, 1990. "Why European monetary union?," MPRA Paper 93417, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:93417
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    File URL: https://mpra.ub.uni-muenchen.de/93417/1/MPRA_paper_93417.pdf
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    References listed on IDEAS

    as
    1. Paul M. Romer, 1989. "Increasing Returns and New Developments in the Theory of Growth," NBER Working Papers 3098, National Bureau of Economic Research, Inc.
    2. Stockman, Alan C., 1988. "Sectoral and national aggregate disturbances to industrial output in seven European countries," Journal of Monetary Economics, Elsevier, vol. 21(2-3), pages 387-409.
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    Cited by:

    1. Kirrane, Chris, 1990. "Some Fiscal Budgetary Consequences of EMU," MPRA Paper 93418, University Library of Munich, Germany.
    2. Kirrane, Chris, 1999. "The Effects of Introducing the Euro on Southern Mediterranean Countries," MPRA Paper 93421, University Library of Munich, Germany.
    3. Kirrane, Chris, 1998. "Issues Concerning Cypriot Ascension to the European Union," MPRA Paper 93420, University Library of Munich, Germany.

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    More about this item

    Keywords

    Monetary Union;

    JEL classification:

    • E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies

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