Europeanization in the Monetary Sector, 1968–92
First, it maintains that the transition, since the 1950s, from Common Market to monetary union was inevitable. The European Union, therefore, is posited as the logical culmination of European history after the Second World War. Historical alternatives to the structure, geography, and economic aims of transnational and international relations in Europe since 1945 are completely neglected.
Secondly, it underestimates the complexity of the integration process in the monetary sector. The European Monetary Union was only one possible result of international economic development since 1945, and it is up to historians to ask why it was realized as it was. What were the alternatives, and why did they not come into being?
Thirdly, the following question arises: What did ‘Europe’ mean in this context? What concepts of ‘Europeanization’ existed in the monetary sector? In order to answer these questions, it is necessary to examine the motives behind European integration in the monetary sector, in order to show the driving forces which led to European monetary integration.
KeywordsMonetary Policy Monetary Union Common Agricultural Policy European Monetary Union European Monetary System
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