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European Economic and Monetary Union: Problems, Prospects and Global Financial Implications

Author

Listed:
  • Harvie, C.

Abstract

The process of economic integration has made considerable progress during the 1990s in the European Union (EU). Firstly, with the establishment of a single market in 1993 and now, within a relatively short period of time, the most significant yet, the movement towards a single currency for participating Economic and Monetary Union (EMU) members on 1 January 1999. This will have a major impact not only upon participating, and indeed non participating EU memebers, but also global financial markets in general with the establishment of a single currency (the euro) which has the potential to rival the US dollar as a major international resreve currency.

Suggested Citation

  • Harvie, C., 1997. "European Economic and Monetary Union: Problems, Prospects and Global Financial Implications," Economics Working Papers wp97-5, School of Economics, University of Wollongong, NSW, Australia.
    • Handle: RePEc:uow:depec1:wp97-5
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    More about this item

    Keywords

    MONETARY AREAS ; EUROPE;

    JEL classification:

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

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