By Horst Ungerer

ISBN-10: 089930981X

ISBN-13: 9780899309811

Ungerer presents a accomplished, but concise and available historical past of ecu financial integration over the last fifty years, from the ecu funds Union (EPU) to the belief of financial and financial union (EMU) as mapped out within the Maastricht Treaty. financial coverage and institutional advancements within the quest for ecu integration are tested opposed to their political history and put within the broader context of overseas financial advancements, specifically these about the U.S. buck. Ungerer reports the industrial and financial coverage provisions of the ecu monetary group (EEC) Treaty and discusses early proposals for nearer financial coverage cooperation and plans for fiscal financial union, together with the Werner file. The gains and evolution of the typical eu alternate expense systems—the snake and specifically, the ecu financial System—are tested. the writer discusses the negotiations resulting in and the provisions of the Maastricht Treaty and in addition analyzes advantages and prices of EMU.

The crises within the eu financial Union 1992-1993 solid doubt on no matter if EMU used to be nonetheless a practical aim. besides the fact that, Ungerer exhibits that the political selection to maneuver on remained undiminished. He discusses the broad arrangements for the production of a eu relevant financial institution and the only ecu forex, the euro, and the efforts to make sure its balance. ultimately, the e-book offers an outlook at the major financial coverage matters that confront the ecu Union and the demanding situations coming up from a strengthening of the political constitution of the ecu Union and the club functions of many nations within the Mediterranean and in relevant and jap Europe.

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A Concise History of European Monetary Integration: From EPU to EMU by Horst Ungerer

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