“Some State-Contingent Scenarios for Post-EMU Institutional Architecture”

Crowley, Patrick M. (1999) “Some State-Contingent Scenarios for Post-EMU Institutional Architecture”. In: UNSPECIFIED, Pittsburgh, Pennsylvania. (Unpublished)

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Abstract

The third stage of EMU was successfully launched at the beginning of 1999. There are likely to be institutional implications of EMU, particularly if the process is successfully completed. This paper evaluates state-contingent scenarios for the final outcome of EMU and evaluates the possible institutional implications which stem from each scenario. Obviously there are ramifications which stem from the institutional development of EMU for member states, in terms of re-gaining or losing autonomy over further policy instruments or the requirement that certain policies be harmonized. In addition, there are clearly implications for the development of EU institutions that might occur.

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