Economic and Monetary Union in Europe

The European Community's pursuit of economic integration led to the establishment of the Economic and Monetary Union (EMU) in 1974. This study examines the meaning of economic union and its relationship with monetary union, looking at the problems and costs for attaining economic union for the member states of the EEC. It also considers the impact of EMU on regional problems, tax harmonisation, and the development of a European Community budget.

Format: Paperback / softback
Length: 128 pages
Publication date: 20 June 2023
Publisher: Taylor & Francis Ltd

The European Community's pursuit of economic integration has led to a significant commitment to economic and monetary union (EMU). Originally published in 1974, this study aims to examine the meaning of economic union and its relationship with monetary union. Contributors explore the challenges and costs associated with attaining economic union for the member states of the European Economic Community (EEC) at the time. Steven Robson delves into economic management, Paul Woolley examines the integration of capital markets, Santosh Mukherjee analyzes the implications of labor market policy, Geoffrey Denton and Adam Ridley consider the impact of EMU on regional problems, and Alan Prest focuses on tax harmonization, particularly Value Added Tax (VAT) and Corporation Tax.

While the long-term benefits of EMU were evident, in the short term, it would impose strains and pressures on national economies and specific sectors within them. This study provides valuable insights into the potential difficulties and offers strategies for coping with them.

The contributors to this study offer diverse perspectives and insights into the complexities of economic union and monetary union. Steven Robson discusses economic management, highlighting the importance of effective policies and strategies for promoting economic growth and stability. Paul Woolley examines the integration of capital markets, exploring how they can facilitate economic cooperation and growth within the EU. Santosh Mukherjee analyzes the implications of labor market policy, discussing how it can impact employment, wages, and social welfare. Geoffrey Denton and Adam Ridley examine the impact of EMU on regional problems, highlighting the potential benefits and challenges of regional integration. Alan Prest focuses on tax harmonization, particularly VAT and Corporation Tax, discussing the challenges and opportunities associated with these policies. Douglas Dosser discusses the development of a European Community budget, discussing the mechanisms and processes involved in managing and allocating resources within the EU.

Overall, this study provides a comprehensive examination of the meaning of economic union and its relationship with monetary union. It sheds light on the challenges and costs associated with attaining economic union and offers valuable insights into the strategies and policies required for successful integration. The contributions of the contributors make this study a valuable resource for scholars, policymakers, and practitioners interested in the economics and politics of European integration.

Weight: 240g
Dimension: 216 x 138 (mm)
ISBN-13: 9781032195933