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"The deja-vu of EMU: considerations for Europe from nineteenth century America"

Sheridan, Jerome W. (1993) "The deja-vu of EMU: considerations for Europe from nineteenth century America". In: UNSPECIFIED, Washington, DC. (Unpublished)

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    Abstract

    This paper compares the structure and dynamics of the American monetary system from 1840 to 1860 with the European Monetary System of today. It argues that the two systems share certain dynamic similarities, problems, costs and benefits. To overcome the problems of its monetary system, the U.S. created a single national currency during its Civil War. This new single currency contributed to the political and economic integration of the U.S. in the postbellum period, but it played a divisive role in political economic relations among regions. This outcome is likely to be replayed if the European Community achieves economic and monetary union.

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    Item Type: Conference or Workshop Item (UNSPECIFIED)
    Uncontrolled Keywords: European Monetary System.
    Subjects for non-EU documents: EU policies and themes > External relations > EU-US
    EU policies and themes > Policies & related activities > economic and financial affairs > EMU/EMS/euro
    Subjects for EU documents: UNSPECIFIED
    EU Series and Periodicals: UNSPECIFIED
    EU Annual Reports: UNSPECIFIED
    Conference: European Union Studies Association (EUSA) > Biennial Conference > 1993 (3rd), May 27-29, 1993
    Depositing User: Phil Wilkin
    Official EU Document: No
    Language: English
    Date Deposited: 05 Jun 2007
    Page Range: p. 40
    Last Modified: 15 Feb 2011 17:46
    URI: http://aei.pitt.edu/id/eprint/7134

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