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来源类型Working Paper
规范类型报告
DOI10.3386/w4350
来源IDWorking Paper 4350
On the Feasibility of a One or Multi-Speed European Monetary Union
Alberto Alesina; Vittorio Grilli
发表日期1993-04-01
出版年1993
语种英语
摘要This paper addresses two questions: (1) Is a twelve country monetary union in Europe feasible; (2) Can monetary union be achieved at multi-speed, i.e., with a rust group of countries going first, and later admitting the others? After examining several politico-economic arguments concerning problems of feasibility of the union, we conclude with a fair amount of skepticism concerning the multi-speed idea. We show that the final result of the process of monetary integration is dependent upon at "how many speeds" Europe will proceed. Our discussion of feasibility shed some light on the political economy of the recent (Fall of 1992) turmoil in the monetary system of Europe.
URLhttps://www.nber.org/papers/w4350
来源智库National Bureau of Economic Research (United States)
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条目标识符http://119.78.100.153/handle/2XGU8XDN/561713
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GB/T 7714
Alberto Alesina,Vittorio Grilli. On the Feasibility of a One or Multi-Speed European Monetary Union. 1993.
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