The European Community is negotiating a new treaty to establish the constitutional foundations of an economic and monetary union in the course of the 1990s. This study provides the only comprehensive guide to the economic implications of economic and monetary union. The work of an economist inside the Commission of the European Community, it reflects the considerations influencing the design of the union. The study creates a unique bridge between the insights of modern economic analysis and the work of the policy makers preparing for economic and monetary union.
`An excellent evaluation of the prospects of EMU.'
M.J. Riley, Thames Polytechnic
'a thorough economic appraisal by the Commission of the likely economic effects - costs as well as benefits - of the move to EMU ... Even after the Maastricht Summit, this analysis, which is not targeted exclusively at economists, loses none of its interest.'
Europe, No. 5680, 2/3 March 1992
'well-organized book ... this book will be a valuable source of ideas and information to readers on both sides of what could be one of the most important arguments on the 1990s agenda for specialists in international economics and politics'
G.T. Potter, emeritus, Ramapo College of New Jersey, Choice, Oct '92
`Excellent study of the costs and benefits of monetary unification.'
Nigel Grimwade, South Bank University
`Useful for its analysis of monetary union. No equivalent at this level to the best of my knowledge.'
C. McPherson, Humberside University