European Monetary Union since 1848
Subtitle: a political and historical analysis
By: Wim F.V. Vanthoor.
Publisher: E. Elgar
Published: 1996
Place of publication: Cheltenham, UK; Northampton, MA
Language: eng
Number of pages: 207
Subjects: Monetary policy -- Europe -- History.; Europe -- Economic integration.
Description: This innovative book - based on actual historical experience - advances the controversial idea that European Monetary Union will only succeed if supported by much closer political union between the member states.

A careful analysis of initiatives in the nineteenth century shows that if a monetary union is based on an agreement between autonomous states, tensions arise which eventually destroy the arrangements. This leads to the conclusion that political union is a prerequisite not only for the sustainability of a monetary union, but also and especially for its irreversibility.
Notes: Rev. translation of: Europese monetaire eenwording in historisch perspectief.
Includes bibliographical references (p. 193-201) and index.