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The Road to Monetary Union in Europe: The Emperor, the Kings, and the Genies

Tommaso Padoa-Schioppa

Abstract

This is a guide to the processes that led to the creation of the European single market and the signing of the Maastricht Treaty in 1992. The 2000 edition has only a few changes, but has been expanded six years after the original publication date to assess the economic, monetary, political, and institutional significance of the euro. It also reconsiders the rationale and underlying philosophy of European Monetary Union (EMU) in the light of the developments of the previous decade. A central theme is the proposition that a group of sovereign countries cannot for long sustain free trade, unrestr ... More

Keywords: ECU, EMU, euro, European Central Bank, European Currency Unit, European Monetary Union, European Single Market, Maastricht Treaty, macroeconomic policy, single currency

Bibliographic Information

Print publication date: 2000 Print ISBN-13: 9780199241767
Published to Oxford Scholarship Online: November 2003 DOI:10.1093/0199241767.001.0001

Authors

Affiliations are at time of print publication.

Tommaso Padoa-Schioppa, author
Member of the Executive Board of the European Central Bank

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