Trade and monetary policy

  • Peter Coffey


A group of countries which form a customs union is faced with a wide choice of theoretical and practical policies which may be adopted in its trading relations with third-party countries. At the outset, it goes without saying that the Member States of the customs union will have liberalised trade between themselves, thus implying that trade is, thereafter, concerned with third parties. However, the internal economic policies adopted by a customs union will also profoundly influence its trading policies toward non-Member Countries. Nowhere is this more apparent than in the case of the European Economic Community.


Member State Monetary Policy Trading Policy Monetary Union Structural Reform 
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  1. 1.
    see P. Coffey, The External Economic Relations of the EEC ( London: Macmillan, 1976 ).Google Scholar
  2. 5.
    Victoria Curzon, The Essentials of Economic Integration: Lessons of the EFTA Experience (Macmillan, 1974) pp. 234–9.Google Scholar
  3. 7.
    P. Coffey and J. R. Presley, European Monetary Integration (1971).Google Scholar
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  6. 10.
    P. Coffey, ‘Practical Steps towards the Achievement of a Monetary Union’, Quaderni di Economia e Finanza dell’Istituto Bancario San Paolo di Torino (Turin, 1977) No. 2.Google Scholar
  7. 13.
    P. Coffey and C. J. Rijnvos, Versterking van het Slangarrangement, (E.S.B., 15 June 1977 ).Google Scholar
  8. 14.
    See P. Coffey, ‘Europe, EMU and the World Monetary Crisis’, Revista Internazionale Di Storia Della Banca (Naples, 1978 ).Google Scholar

Copyright information

© Peter Coffey 1979

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  • Peter Coffey

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