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- Title
How to rescue European monetary union.
- Authors
Chown, John; Beber, Massimo; Wood, Geoffrey E.
- Abstract
This paper considers recent comment and discussion on monetary union in Europe, and appraises recent steps towards Union. It is plain that politics is blinding both supporters and opponents of EMU to issues of major importance, and is also leading them often to `talk past each other' in debate. In the light of this, the article reappraises our earlier proposal for running the euro as a `parallel currency' with national currencies. We suggest that this could still be a sensible strategy for the `outs' and a fall-back if the politicians managed to wreck what could have been a worthwhile venture--a possibility that has been highlighted by events at the early May meeting.
- Subjects
EUROPEAN Union countries; MONEY; MONETARY unions; EUROPEAN Union; FORECASTING
- Publication
Economic Affairs, 1998, Vol 18, Issue 2, p34
- ISSN
0265-0665
- Publication type
Article
- DOI
10.1111/1468-0270.00090