The Road to Monetary Union in Europe The Emperor, the Kings, and the Genies

by Padoa-Schioppa, Tommaso

• ISBN13: 9780198288435
• ISBN10: 0198288433
• Format: Hardcover
• Copyright: 1995-01-26
• Publisher: Oxford University Press

Summary

This is an indispensable guide to the processes that led to the creation of the European single market and the signing of the Maastricht Treaty. The new edition has been expanded to assess the economic, monetary, political, and institutional significance of the euro. It also reconsiders therationale and underlying philosophy of EMU in the light of the developments of the past decade.

Author Biography

Tommaso Padoa-Schioppa is Deputy Director General of the Bank of Italy and Chairman of the Basle Committee on Banking Supervision.

Table of Contents

Acknowledgements	p. v
Introduction	p. 1
The Ems And Economic Stabilization	p. 33
Rules and Institutions In Multi-Country Economies	p. 35
Capital Mobility- Why is the Treaty Not Implemented?	p. 50
Lessons from the European Monetary System	p. 68
The Ecu's Coming of Age	p. 86
The Single Europeanact And Its Limits	p. 105
After the Single European Act Efficiency, Stability, and Equity	p. 107
The Ems is Not Enough The Need for Monetary Union	p. 117
From The Delorscommittee To The Maastricht Treaty	p. 135
The Delors Report: From Intentions to Action	p. 137
Monetary Union and Competition	p. 150
Glossary	p. 163
Fiscal Compatibility and Monetary Constitution	p. 165
Monetary Union and Political Union	p. 185
On the Eve of Maastricht	p. 192
Agenda for Stage Two	p. 205
Sources of the Chapters	p. 237
Chronology	p. 239
Conclusions of the European Council: 1988-1991	p. 252
Economic and Monetary Union inthe Treaty of Maastricht	p. 259
Protocol on the Statute of the European Systemof Central Banks and of the European Central Bank	p. 267
References	p. 273
Index	p. 281
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