Date of Original Version

1997

Type

Book Chapter

Abstract or Description

Interest in a common money for western Europe has waxed and waned for the past quarter century. Deadlines have been set - but not met - most recently the 1997 deadline. To an outside observer, the discussion and actions during the past quarter century suggest that the idea of a monetary union and common currency has great appeal until it is examined closely. Then, problems begin to mount.

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Published In

European Monetary Policy, (ed) Stefan Collignon, Biddles Ltd., London.