haku: @author Turner, C. / yhteensä: 3
viite: 3 / 3
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| Tekijä: | Turner, C. |
| Otsikko: | A two-speed monetary union in Europe |
| Lehti: | European Business Review
1994 : VOL. 94:1, p. 3-8 |
| Asiasana: | EUROPE EUROPEAN MONETARY SYSTEM EFTA |
| Kieli: | eng |
| Tiivistelmä: | The recent crisis in the ERM has meant EMU can no longer proceed along the lines proposed in the Maastricht Treaty. This article proposes that a two or even multi-speed EMU should emerge from the crisis. This would be based on a "hardcore" which would form the basis for exchange rate/macro policy management for "softer" countries. The first section of this article examines the implications of the ERM crisis for EMU. The second section speculates on the form this "two-speed" EMU may take. |
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