[eng] From the EMS to a Single Currency . An Analysis of the Monetary Aspects of the Treaty . Advocated by its instigators as creating a stable zone in Europe, the EMS has mainly strengthened the alignment of European economies with a low-inflation growth model. In the early 1990s, the EMS...

[eng] Running Economic Policies and the EMU Policy Mix . The Maastricht Treaty imposes rules of strict budgetary discipline and increased supervision on its members. Yet it barely changes the institutional context of economic policies, whose framework has remained relatively open. . The Member...