Monetary union and stabilisation policy in the European Community
Michael Parkin
What the paper says
A plan for European Monetary Union was recently proposed based on the issue of a parallel European currency, the acceptance of which would be established by a market process, not by official edicts and which would be managed to achieve stable European-wide prices. This paper examines the desirability of, and problems associated with this particular approach. It represents yet a further attempt to show that the anti-union arguments are either wrong or they are positive , not normative propositions which lead to the prediction that union will not occur and do not lead to the prescription that it shouldn’t. The inflation records of the individual countries are first examined and the reasons for national differences in that rate are analysed. Then the implications of monetary union are analysed. Finally, the political objections to monetary union are considered.
2 citations
Evidence weight
Balanced mode · F 0.40 / M 0.15 / V 0.05 / R 0.40
| F · citation impact | 0.00 × 0.4 = 0.00 |
| M · momentum | 0.20 × 0.15 = 0.03 |
| V · venue signal | 0.50 × 0.05 = 0.03 |
| R · text relevance † | 0.50 × 0.4 = 0.20 |
† Text relevance is estimated at 0.50 on the detail page — for your query’s actual relevance score, open this paper from a search result.