Ryan, John (2016) Forgotten lessons for the Eurozone. European Policy Briefs, 43. Egmont Royal Institute for International Relations, Brussels, Belgium.
Full text not available from this repository.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.
| Item Type: | Monograph (Other) |
|---|---|
| Official URL: | http://www.egmontinstitute.be/ |
| Additional Information: | © 2016 EGMONT |
| Library of Congress subject classification: | J Political Science > JN Political institutions (Europe) |
| Sets: | Research centres and groups > LSE IDEAS |
| Identification Number: | 43 |
| Date Deposited: | 21 Jun 2016 11:00 |
| URL: | http://eprints.lse.ac.uk/66961/ |
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