Abstract
We have always had grave doubts whether the route to full EMU laid down in the Maastricht Treaty would be followed, even by a limited number of countries, when the real problems of the transition were faced during the Stage 2 preparations. Our main reservations were on three grounds.
1. This paper has been prepared in association with Paul Richards, Director, Samuel Montagu & Co. Ltd.
This is a preview of subscription content, log in via an institution to check access.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Preview
Unable to display preview. Download preview PDF.
Notes
O. P. Richards, ‘The UK Proposal for an Evolutionary Approach to Monetary Union’, in C. Johnson (ed.), ECU: a currency for Europe, a Euromoney Publication, London, 1991.
Editor information
Editors and Affiliations
Copyright information
© 1996 Palgrave Macmillan, a division of Macmillan Publishers Limited
About this chapter
Cite this chapter
Butler, S.M. (1996). The Transition from Stage 2 to Stage 3 of EMU. In: Taylor, C. (eds) European Monetary Union: The Kingsdown Enquiry. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-24825-4_44
Download citation
DOI: https://doi.org/10.1007/978-1-349-24825-4_44
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-24827-8
Online ISBN: 978-1-349-24825-4
eBook Packages: Palgrave Economics & Finance CollectionEconomics and Finance (R0)