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| Tekijä: | Heylen, F. Poeck, A. van |
| Otsikko: | National labour market institutions and the European economic and monetary integration process |
| Lehti: | Journal of Common Market Studies
1995 : DEC, VOL. 33:4, p. 573-596 |
| Asiasana: | LABOUR MARKETS EUROPE MONETARY INTEGRATION |
| Kieli: | eng |
| Tiivistelmä: | This article investigates the role of national labour market institutions for the chances of successful transition to Economic and Monetary Union (EMU) in Europe, as well as for its viability. The conclusions are rather pessimistic. Although overlooked by the Maastricht Treaty, the need for real convergence (convergence of unemployment rates) is emphasized as a major condition for success. However, current labour market institutions in the EU make it quite unlikely that this condition will be fulfilled. |
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