Sui generis EMU
By: Barry Eichengreen.
Contributors: National Bureau of Economic Research.
Series: NBER working paper series -- working paper 13740; Working paper series (National Bureau of Economic Research : Online) -- working paper no. 13740.
Publisher: National Bureau of Economic Research
Published: 2008
Place of publication: Cambridge, MA
Language: eng
Format: Electronic resource
Description: "The thesis of this paper is that there is no historical precedent for Europe's monetary union (EMU).  While it is possible to point to similar historical experiences, the most obvious of which were in the 19th century, occurred in Europe, and had "union" as part of their names, EMU differs from these earlier monetary unions.  The closer one looks the more uncomfortable one becomes with the effort to draw parallels on the basis of historical experience.  It is argued that efforts to draw parallels between EMU and monetary unions past are more likely to mislead than to offer useful insights.  Where history is useful is not in drawing parallels but in pinpointing differences.  It is useful for highlighting what is distinctive about EMU"--National Bureau of Economic Research web site.
Notes: Title from PDF file as viewed on 6/11/2008.

Includes bibliographical references.

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Mode of access: World Wide Web.