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European Monetary Union Since 1848

A Political and Historical Analysis

By (author) W.F.V. Vanthoor
Format: Hardback
Publisher: Edward Elgar Publishing Ltd, Cheltenham, United Kingdom
Published: 19th Dec 1996
Dimensions: w 151mm h 234mm d 13mm
Weight: 460g
ISBN-10: 1858984610
ISBN-13: 9781858984612
Barcode No: 9781858984612
Based on actual historical, this book 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 19th-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.

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