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| Author: | Pivetti, M. |
| Title: | Monetary versus political unification in Europe. On Maastricht as an exercise in "vulgar" political economy |
| Journal: | Review of Political Economy
1998 : JAN, VOL. 10:1, p. 5-26 |
| Index terms: | POLITICAL ECONOMY EUROPE MONETARY THEORY |
| Language: | eng |
| Abstract: | The original conceptions of the EMU project widely recognized that removal of capital controls and centralization of monetary policy in Europe could be envisaged at the end of a more advanced process of political integration. The Delors report and the Maastricht Treaty departed markedly from this view, which has been replaced by a concept of monetary integration as a catalyst or stepping stone to political integration. |
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