Abstract
After the Maastricht Summit many observers considered the route to a common currency in Europe as having become an irreversible one. It was the Danish referendum that cast first doubts on this view. It turned out that there are still many hurdles to be taken and, in the end, even a strong willingness to compromise may not suffice to reach the common goal.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Preview
Unable to display preview. Download preview PDF.
References
Axelrod, R.: The Evolution of Cooperation, New York 1984.
Buiter, W.H., in R.C. Marston (ed.): international Economic Policy Coordination, Cambridge 1985.
Canzoneri, M.B. and J.A. Gray: “Monetary Policy Games and the Consequences of Non-Cooperative Behavior ”, in: International Economic Review, Vol. 26, No. 3, 1985, pp. 547–564.
Cornes, R. and T. Sandier: The Theory of Externalities, Public Goods, and Club Goods, Cambridge 1986.
De Grauwe, P., D. Gros, A. Steinherr, and N. Thygesen: “A Reply to Recent EMU Critiques ”, in: Europe Documents, No. 1791, 8 July 1992, pp. 1–4.
Feldstein, M.: “The Case against EMU ”, in: The Economist, June 13th 1992, pp. 19–22.
Fratianni, M., J. von Hagen and C. Waller: The Maastricht Way to EMU, Princeton Essay on International Finance No. 187, Princeton, June 1992.
Friedman, J.: Oligopoly Theory, Cambridge 1983.
Hasse, R.: “EuropäischeZentralbank ”, in: Aus Politik undZeitgeschichte, B7-8/92,7.2.1992, pp. 23–32.
HM Treasury: An Evolutionary Approach to Economic and Monetary Union, mimeo, November 1989.
Koedijk, K.G. and C.J.M. Kool: “Dominant Interest and Inflation Differentials within the EMS ”, in: European Economic Review, Vol. 36,1992, pp. 925–943.
O’Brien, C.C.: “Pursuing a Chimera ”, in: Times Literary Supplement, March 13, 1992.
Rasmusen, E.: Games and Information, Cambridge 1990.
Reszat, B.: “Wirtschaftliche Interdependenz und internationale Kooperation ”, in: Hamburger Jahrbuchfür Wirtschafis-undGesellschaftspolitik, 31. Jahr(1986), pp. 267–291.
Roth, A.E.: “Laboratory Experimentation in Economics: A Methodological Overview ”, in: Economic Journal, Vol. 98, December 1988, pp. 974–1031.
Schelling, T.C.: The Strategy of Conflict, Cambridge 1980.
Spaventa, L.: Maastricht: The End of the “New EMS” ?, paper presented at a conference on “Europe and Global Economic Interdependence ”, Bruges, 16–18 January 1992.
Vennix, J.A.M.: Mental Models and Computer Models, Beuningen 1990.
Editor information
Editors and Affiliations
Rights and permissions
Copyright information
© 1993 Springer Science+Business Media Dordrecht
About this chapter
Cite this chapter
Reszat, B. (1993). Strategic impediments to currency unification. In: Fair, D.E., Raymond, R.J. (eds) The New Europe: Evolving Economic and Financial Systems in East and West. Financial and Monetary Policy Studies, vol 26. Springer, Dordrecht. https://doi.org/10.1007/978-94-011-1741-8_19
Download citation
DOI: https://doi.org/10.1007/978-94-011-1741-8_19
Publisher Name: Springer, Dordrecht
Print ISBN: 978-94-010-4763-0
Online ISBN: 978-94-011-1741-8
eBook Packages: Springer Book Archive