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Economic and monetary union

Bean, C. (1992) Economic and monetary union. CEPDP, 86. Centre for Economic Performance, London School of Economics and Political Science, London, UK.

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Identification Number: 86

Abstract

This paper assesses the costs and benefits of monetary union in Europe. It is argued that neither the costs nor the benefits are in principle likely to be as great as critics and proponents respectively have suggested. Fis al issues are, it is argued, likely to be far more significant. Fiscal federalism is by no means a necessary corollary of monetary union and the "Maastricht rules" on public debt and deficits will place harmful constraints on national fiscal policies. Finally the Community''s Structural Funds are unlikely to be the most efficient way of redistributing resources between member states.

Item Type: Monograph (Discussion Paper)
Official URL: http://cep.lse.ac.uk
Additional Information: © 1992 C.Bean
Subjects: H Social Sciences > HG Finance
Sets: Collections > Economists Online
Research centres and groups > Centre for Economic Performance (CEP)
Series: Working Papers > CEP Discussion Papers
Date Deposited: 20 Aug 2008 16:08
Last Modified: 01 Mar 2013 09:38
URI: http://eprints.lse.ac.uk/id/eprint/21041

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