A two-speed Europe: How (un)stable would such a solution be?

Assuming the convergency criteria are not watered down, European Monetary Union will begin on 1.1.1999 with just a few core countries. With the help of the theory of clubs, Professor F. L. Sell analyses the incentive effects of the “monetary club” on founding members and “outsiders”.

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Year of publication:	1996
Authors:	Sell, Friedrich L.
Published in:	Intereconomics. - Baden-Baden : Nomos Verlagsgesellschaft, ISSN 0020-5346. - Vol. 31.1996, 4, p. 166-169
Publisher:	Baden-Baden : Nomos Verlagsgesellschaft
Subject:	European Monetary Union

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Type of publication:	Article
Type of publication (narrower categories):	Article
Language:	English
Other identifiers:	10.1007/BF02928599 [DOI] 870800469 [GVK] hdl:10419/140550 [Handle] RePEc:spr:intere:v:31:y:1996:i:4:p:166-169 [RePEc]
Source:	EconStor

Persistent link: https://www.econbiz.de/10011461642