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A Monetary Constitution for Europe?

  • Antonio Martino
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Abstract

The discussions on European monetary unification appear to confirm the wisdom of Bertrand Russell’s insight. Both supporters and opponents of the idea are forced to resort to essentially theoretical arguments, as there is no specific empirical evidence on the merits of the various alternatives. In what follows, after looking at some advantages of a common currency for Europe and at the objections that are being raised against it, I’ll say something about the transition process as currently envisaged.

Keywords

Exchange Rate Monetary Policy Central Bank European Central Bank Monetary Union 
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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© The Bruges Group 1992

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  • Antonio Martino

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