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Governing Europe$
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Jack Hayward and Anand Menon

Print publication date: 2003

Print ISBN-13: 9780199250158

Published to Oxford Scholarship Online: November 2003

DOI: 10.1093/0199250154.001.0001

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Monetary Policy and the Euro

Monetary Policy and the Euro

(p.330) 19 Monetary Policy and the Euro
Governing Europe

Loukas Tsoukalis (Contributor Webpage)

Oxford University Press

This chapter first briefly traces the history of European monetary integration. It then examines: the politics and economics of the Maastricht Treaty and Economic and Monetary Union/European Monetary Union (EMU); the convergence criteria and the transition to the final stage; and the institutional structure provided for in the treaty. It concludes with the main outstanding issues, drawing on the experience of the first two years of life with the euro, and the prospects for the future.

Keywords:   convergence, Economic and Monetary Union, euro, Europe, European monetary integration, European Monetary Union, history, institutional structure, Maastricht Treaty, monetary policy, transition to Economic and Monetary Union

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