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European Monetary and Economic Integration : History and Economic Implications
Abstract
The main objective of the paper is to present the history of European monetary and economic integration, its key components and features, and the policy implications and practical problems that arise from it. A detailed history of the integration will be presented, including the treaties, various attempts at monetary union, and previous difficulties that eventually led to the current proposal for integration. It will include both economic policy and practical (i.e. social) implications, citing evidence from both a positive and negative perspective. Also presented will be alternative integration theories and future prospect theories for the common currency after it begins circulating in paper form in January 2002.
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