Title: European Monetary Union since 1848
Subtitle: a political and historical analysis
First published: 1996
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.
Subjects: Monetary policy, Economic integration, History, Monetary policy, europe, Europe, economic integration
Places: Europe
LC classification: HG925 .V3613 1996