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The State of the European UnionRisks, Reform, Resistance, and Revival$
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Maria Green Cowles and Michael Smith

Print publication date: 2000

Print ISBN-13: 9780198297574

Published to Oxford Scholarship Online: November 2003

DOI: 10.1093/0198297572.001.0001

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Monetary Integration in Europe: Ideas and Evolution

Monetary Integration in Europe: Ideas and Evolution

Chapter:
(p.91) 5 Monetary Integration in Europe: Ideas and Evolution
Source:
The State of the European Union
Author(s):

Amy Verdun

Publisher:
Oxford University Press
DOI:10.1093/0198297572.003.0005

The Economic and Monetary Union (EMU) resulted from the convergence of ideas about the aim of monetary policy and the design of EMU. It will lead to a further revival of the EU if there remains a clear consensus and widespread support for common ideas on the objectives of economic and monetary policy. On the other hand, the EMU may pose a serious risk to the integration process if its costs and benefits are unevenly spread across EU member states, sectors, regions, and citizens.

Keywords:   Economic and Monetary Union, monetary policy, economic policy, European Union, integration

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