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Part III - EU monetary integration

Ali M. El-Agraa
Ali M. El-Agraa
Affiliation:
Fukuoka University, Japan
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Summary

EU monetary integration

Part III covers all aspects of that far-reaching and most demanding element of integration, monetary unification, including the adoption of a single currency. The three chapters cover, respectively: the theoretical analysis of the gains and losses from economic and monetary union (EMU); the EU developments that have led to the present situation, where twelve of the fifteen pre-2004 EU member nations are using the euro as their only currency, and where all countries acceding after that are obliged to join them when deemed fit, with five of them already having done so by 1 January 2007; and the management of the euro by the European Central Bank (ECB) and how the euro is operated.

Type
Chapter
Information
The European Union
Economics and Policies
 , pp. 145 - 146
Publisher: Cambridge University Press
Print publication year: 2011

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