The countdown for establishing economic and monetary union (EMU) in Europe has started and the countries of the European Union are practically on automatic pilot. Nevertheless, some nagging questions still have to be addressed concerning the design of the project and the possibility that, if not...

This paper considers two kinds of issues facing EMU. One concerns qualifications and membership: how qualifications are evaluated and which member states are likely to meet the criteria set for membership in the third stage of EMU in 1999. The other concerns the capacity of member states,...

This paper considers two kinds of issues facing EMU. One concerns qualifications and membership: how qualifications are evaluated and which member states are likely to meet the criteria set for membership in the third stage of EMU in 1999. The other concerns the capacity of member states,...

It is nearly impossible to fully understand the developments and problems of European economic and monetary integration without examining its historical and political background. European monetary integration has at times been propelled, at times been hindered by political motives and...

It is nearly impossible to fully understand the developments and problems of European economic and monetary integration without examining its historical and political background. European monetary integration has at times been propelled, at times been hindered by political motives and...

This article will first develop the concept of financial motivations, presenting first the relevant variables and then the logic suggesting why they should be linked. Then it will look at monetary policy behaviour in four international monetary systems; the gold standard at the beginning of this...

The Maastricht Treaty created legal precondition for establishing a monetary union. However, before the monetary union is realized, a certain time has to elapse, during which the competences over monetary policy will stay in national hands. Consequently in this transitional period, the monetary...

[From the Introduction]. Theories of international relations and comparative politics characterize the movement within Western Europe toward monetary integration primarily in regional terms. The global context within which European monetary integration is taking place is viewed in this...

This paper takes a preliminary step toward formulating a theory of German leadership within European monetary politics. Its purpose is to examine the constraints to monetary cooperation in Europe. An analysis of the constraints provides a prerequisite for understanding the particular role of...

This paper examines why policy-makers (experts in central banks, ministries of finance, employers' organizations and trade unions) of Britain, France, and Germany have accepted an 'asymmetrical' Economic and Monetary Union (EMU) which incorporates a developed monetary component, yet a relatively...