Aspects of European Monetary Integration

1. Front Matter

   Pages i-xiii

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2. European Monetary Integration: Reasons and Consequences

   1. Front Matter

      Pages 1-1

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   2. European Monetary Integration: Scope and Method

      • Alison M. S. Watson

      Pages 3-29

   3. European Monetary Integration: A New Initiative

      • Alison M. S. Watson

      Pages 30-48

   4. The Maastricht Treaty and Beyond

      • Alison M. S. Watson

      Pages 49-65

3. The Notion of Convergence

   1. Front Matter

      Pages 67-72

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   2. The Convergence Criteria: Price Stability

      • Alison M. S. Watson

      Pages 73-105

   3. The Convergence Criteria: Budgetary Conditions

      • Alison M. S. Watson

      Pages 106-137

   4. Exchange Rates and Interest Rates: An IPE Approach

      • Alison M. S. Watson

      Pages 138-168

   5. The Convergence Criteria: Exchange Rates and Interest Rates — A European Perspective

      • Alison M. S. Watson

      Pages 169-187

   6. An Elysian Harmony

      • Alison M. S. Watson

      Pages 188-200

4. Back Matter

   Pages 201-226

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This book provides a thorough knowledge of the nature of the convergence criteria which states must meet in order to qualify for accession to the future Economic and Monetary Union of Europe and comprehensive coverage of both the economic and political rationale of the criteria within the framework of an international political economy approach. Thus, throughout the course of the analysis, three questions in particular are addressed: first, what is the relationship between the economics and politics of the convergence criteria; second, how do domestic and international factors impact upon their future realisation; and third what, overall, is the role of the state. This book gives valuable insights into the Economic and Monetary Union debate.

• interest rates
• monetary union
• political economy
• european union politics

• University of St Andrews, Fife, UK

  Alison M. S. Watson

ALISON M. S. WATSON

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