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| Author: | Wheelen, T. L. Hunger, J. D. |
| Title: | Major hurdles to the success of the European Economic and Monetary Union: The future of the Euro |
| Journal: | SAM Advanced Management Journal
1999 : AUTUMN, VOL. 64:4, p. 11-15 |
| Index terms: | Currency European Union European Monetary System Future Europe |
| Freeterms: | EMU Euro |
| Language: | eng |
| Abstract: | On May 1, 1998, the European Economic and Monetary Union (EMU) got started with 11 nations as initial members. Great Britain, Denmark and Sweden chose not to join and are still non-members. On January 1, 1999, the EMU introduces a common currency, the euro, that was expected to rival the dollars as a reserve currency. The jury remains out on the EMU and the euro, as the many differences among social norms and national identities are potential obstacles to the EMU's goals. |
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