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European monetary integration and the EU–UK relationship

Macchiarelli, Corrado (2018) European monetary integration and the EU–UK relationship. In: Campos, Nauro F. and Coricelli, Fabrizio, (eds.) The economics of the UK-EU relationship: from the Treaty of Rome to the vote for Brexit. Palgrave Macmillan, Cham, Switzerland, pp. 79-118. ISBN 9783319554945

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Identification Number: 10.1007/978-3-319-55495-2_4


The history of European integration has been characterized by several “stops-and-goes” with considerable support on political grounds. In this chapter, we discuss the role of European integration for the future of the EU–UK relations. Integration, consistent with the idea of “completing” the European Monetary Union (hence, a “Genuine Economic and Monetary Union”—GEMU), will have the obvious consequence of affecting the UK as well and the future of its negotiations with the EU. Provided that European integration worked in the past, the net benefits of staying out of the EU ex ante may be different from the same benefits ex post, particularly in the likely scenario the Union will have to “comprehensively” move towards a GEMU to safeguard its integrity.

Item Type: Book Section
Official URL:
Additional Information: © The Author(s) 2017
Divisions: European Institute
Subjects: H Social Sciences > HB Economic Theory
J Political Science > JN Political institutions (Europe)
J Political Science > JZ International relations
Sets: Departments > European Institute
Date Deposited: 22 May 2018 11:51
Last Modified: 20 Feb 2019 06:35

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