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Monetary and Fiscal Integration

  • Alec Cairncross
  • Herbert Giersch
  • Alexandre Lamfalussy
  • Giuseppe Petrilli
  • Pierre Uri

Abstract

The objective of monetary union, on which so much debate has raged, did not feature in the Treaty of Rome. It only came to the forefront of inter-governmental discussion after a series of international monetary crises in the late 1960s. Changes in exchange rates, the threat that currency fluctuations were thought to pose for the Community’s common agricultural policy and a growing desire in some quarters for a monetary counter-weight to the American dollar were major factors which combined to stimulate interest in closer monetary integration.

Keywords

Exchange Rate Monetary Policy European Community Fiscal Policy Member Country 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Notes and References

  1. 2.
    see W. M. Corden, Monetary Integration, Essay No. 93 in International Finance (Princeton: Princeton University Press, 1972).Google Scholar
  2. 5.
    see Sir Alec Cairncross, Essays in Economic Management (London: Allen & Unwin, 1971).Google Scholar
  3. 7.
    C. C. von Weizsäcker, ‘Ein Vorschlag zur Währungsunion’, in Hubertus Müller-Groeling, Beiträge und Stellungnamen zu Problemen der Währungspolitik, Kieler Diskussionsbeiträge 10 (Kiel: Institut für Weltwirtschaft, 1971);Google Scholar
  4. Leon Lambert, ‘Une monnaie européenne tout de suit’, Le Monde, Paris, 19 December 1971;Google Scholar
  5. Norbert Walter, ‘Europäische Währungsintegration: Kartellösung versus Eurowährung’, Die Weltwirtschaft, Kiel, No. 1, 1972;Google Scholar
  6. Giovanni Magnifico and John Williamson, European Monetary Integration (London: Federal Trust for Education and Research, 1972);Google Scholar
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  8. Robert A. Mundell, ‘A Plan for a European Currency’, in Harry G. Johnson and Alexander Swoboda (eds.), The Economics of Common Currencies (London: Allen & Unwin, 1972);Google Scholar
  9. Bela Balassa, ‘Monetary Integration in the European Common Market’, in Swoboda (ed.), Europe and the Evolution of International Monetary System (Leyden: Sijthoff, 1973);Google Scholar
  10. Dieter Biehl, Fritz Franzmeyer and Hans-Eckart Scharrer, Gutachten zur Ubergangsphase der Wirtschafts- und Währungsunion (Bonn: Bildungswerk Europäische Politik, 1973).Google Scholar
  11. 11.
    Also see Richard A. Musgrave, ‘Approaches to a Fiscal Theory of Political Federation’, in National Bureau of Economic Research, Public Finance: Needs, Sources and Utilization (Princeton: Princeton University Press, 1961).Google Scholar

Copyright information

© Institut für Weltwirtschaft an der Universität Kiel 1974

Authors and Affiliations

  • Alec Cairncross
  • Herbert Giersch
  • Alexandre Lamfalussy
  • Giuseppe Petrilli
  • Pierre Uri

There are no affiliations available

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