The Political Economy of Monetary Union: Towards the Euro
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The Political Economy of the European Union
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EU The Political Economy of European Monetary Integration
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The Political Economy of Monetary Union
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- History of economic and monetary union | Fact Sheets on the European Union | European Parliament;
The coordination of monetary policies was institutionalised by the establishment of the European Monetary Institute EMI , whose task was to strengthen cooperation between the national central banks and to carry out the necessary preparations for the introduction of the single currency. Transition to the third stage was subject to the achievement of a high degree of durable convergence measured against a number of criteria laid down by the Treaties. The budgetary rules were to become binding and a Member State not complying with them was likely to face penalties. Role of the European Parliament.