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Forgotten lessons for the Eurozone. Egmont European Policy Brief No. 43, May 2016

Ryan, John (2016) Forgotten lessons for the Eurozone. Egmont European Policy Brief No. 43, May 2016. [Policy Paper]

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    Abstract

    A Monetary Union is one where there is a single fiat currency with a single monetary authority (a central bank). It also has a single interest and exchange rate, and a single legal entity responsible for issuing that currency across a geographic area. This combination of features required for a true monetary union suggests that many previous monetary unions, including the Latin Monetary Union (LMU) and the Scandinavian Monetary Union (SMU) were not proper monetary unions as such, while the Austro-Hungarian Monetary Union (AHMU) was and the Eurozone is.

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    Item Type: Policy Paper
    Subjects for non-EU documents: 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
    Series: Series > Egmont : Royal Institute for International Affairs > European Policy Briefs
    Depositing User: Phil Wilkin
    Official EU Document: No
    Language: English
    Date Deposited: 08 May 2017 10:30
    Number of Pages: 10
    Last Modified: 10 May 2017 09:31
    URI: http://aei.pitt.edu/id/eprint/86860

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