Accession Number : ADA308164

Title :   Economic and Monetary Integration in the European Union: At What Cost?

Descriptive Note : Master's thesis,

Corporate Author : DEPARTMENT OF THE ARMY WASHINGTON DC

Personal Author(s) : Coonen, Stephen J.

PDF Url : ADA308164

Report Date : DEC 1995

Pagination or Media Count : 123

Abstract : Ever since the Treaties of Rome established the European Economic Community, economic and monetary union (EMU) have been one of the desired ends of European integration. Indeed, governments of varying political persuasions of each member state have supported the principle of EMU throughout the decades as witnessed by the series of treaties and agreements they have ratified within the European Union (EU). Despite the general consensus on economic and monetary integration, why then are there still large and perhaps insurmountable obstacles to its achievement? Will short term national political considerations continue to be an inevitable disruption to the integration process? Or, does the precisely mapped-out time table and somewhat rigid convergence criteria for EMU upset the evolutionary nature of the integration process? Was, for example, the exit of the pound and the Iira in 1992 from the Exchange Rate Mechanism (ERM) a reaction to forces of this kind? In other words, what are the costs for the member states of the EU and for the EU as a whole in their attempt to establish total economic and monetary unification? This thesis will attempt to answer these questions.

Descriptors :   *INTERNATIONAL POLITICS, *MACROECONOMICS, *INTERNATIONAL RELATIONS, *MONEY, POLICIES, COMPETITION, MARKETING, DECISION MAKING, INVESTMENTS, LEADERSHIP, ECONOMIC IMPACT, GOVERNMENT(FOREIGN), COST ANALYSIS, POLITICAL ALLIANCES, INTEGRATION, INTERNATIONAL TRADE, TREATIES, PROFITS, EUROPEAN COMMUNITIES, INDUSTRIAL RELATIONS, SOCIAL WELFARE, INFLATION(ECONOMICS), DISTRIBUTION(ECONOMICS), UNEMPLOYMENT, ECONOMIC MODELS, POLITICAL NEGOTIATIONS.

Subject Categories : Economics and Cost Analysis
      Government and Political Science

Distribution Statement : APPROVED FOR PUBLIC RELEASE