Journal Article
European Monetary Union
Abstract: The discussion briefly reviews the events leading up to the adoption of the European Monetary System in March 1979 and the associated Exchange Rate Mechanism. It goes on to describe the Maastricht Treaty and to review the costs and benefits of a common currency. The author also considers the importance of European Monetary Union (EMU) from a U.S. perspective.
Keywords: Monetary unions - European Union countries;
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Bibliographic Information
Provider: Federal Reserve Bank of Boston
Part of Series: New England Economic Review
Publication Date: 1998
Issue: Mar
Pages: 3-12