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Leila Simona Talani

In: 21st Century Economics: A Reference Handbook

Chapter 46: The European Economic and Monetary Union

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The European Economic and Monetary Union
The European Economic and Monetary Union

This chapter addresses the issues relating to the past, present, and future of the European Monetary Union (EMU), focusing on the way in which the main socioeconomic sectors within the most important European Union (EU) member states have used the process of European monetary integration to enhance their competitive position not only in the European arena but also in the global context.

This chapter will studyinahistorical perspective the phases leading to the establishment of the currency union, the present working of the European Central Bank (ECB) and the Stability and Growth Pact (SGP), and the future of the EMU.

What is the European Economic and Monetary Union?

EMU shall be read as a major institutional undertaking whose ...

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