scholarly journals Le système monétaire européen : Où en sommes-nous?

2005 ◽  
Vol 12 (3) ◽  
pp. 445-463 ◽  
Author(s):  
Bernard Decaluwé
Keyword(s):  
European Monetary Union ◽  
European Monetary System ◽  
Council Of Europe ◽  
European Monetary ◽  
Monetary System ◽  
Political Implications ◽  
The Creation ◽  
European Currency Unit ◽  
Near Future ◽  
European Monetary Fund

The decisions of the Council of Europe on December 5"', 1978, that would lead to the establishment of the European Monetary System, raise a multitude of questions. Among these, the creation of a European currency unit, the ECU, and the announcement of the establishment in the near future of a European Monetary Fund, the E.M.F., are the most symbolic decisions in terms of public opinion as well as the most important in their economic and political implications. In this article, we will show that the development of the ECU and the creation of a E.M.F. with substantial decisional autonomy are the two conditions necessary for strengthening the European monetary union.

scholarly journals La mise en place du système monétaire européen

2009 ◽  
Vol 55 (4) ◽  
pp. 568-584
Author(s):  
Michel Lelart
Keyword(s):  
European Monetary System ◽  
European Monetary ◽  
Monetary System ◽  
Three Stages ◽  
The Creation

The author of this paper features the main events that led to the creation of a European monetary system. In the first part, the three stages of the European monetary construction are recalled. In the second part, the author analyses the agreement that occurred on December 5, 1978.

Putting European Monetary Integration into a Historical Perspective: Two Decades of the European Monetary System versus Two Decades of the European Monetary Union

2019 ◽  
Vol 239 (5-6) ◽  
pp. 769-795
Author(s):  
Ralf Fendel ◽  
Michael Frenkel
Keyword(s):  
Monetary Union ◽  
European Monetary Union ◽  
European Monetary System ◽  
Monetary Integration ◽  
Macroeconomic Performance ◽  
European Monetary ◽  
Monetary System ◽  
System Versus ◽  
Macroeconomic Indicators ◽  
Economic Developments

AbstractThis comparative study looks at broad economic developments during the 20 years of the European Monetary Union (EMU) and 20 years of the European Monetary System (EMS). We analyze the economic performance by looking at a set of macroeconomic variables. The analysis of macroeconomic performance includes two perspectives: one is internal, i. e. how did the countries perform relative to each other; the other is external, i. e. how did the group of member countries perform vis-à-vis other countries. Overall, the analysis of the two periods suggest that the EMU does not display a macroeconomic development inferior to the EMS period. On the contrary, some crucial macroeconomic indicators point to a greater stability during the EMU period compared to the EMS period.

scholarly journals The Franco-German Alliance and Its Role in the Process of European Monetary Integration, 1944-2010 - Lessons for Today

2016 ◽  
Vol 11 (2) ◽  
pp. 119-135
Author(s):  
Dimitrios Syrrakos
Keyword(s):  
Economic Integration ◽  
Debt Crisis ◽  
European Monetary System ◽  
Monetary Integration ◽  
The European Union ◽  
European Monetary ◽  
Underlying Assumption ◽  
Monetary System ◽  
Close Relationship ◽  
The Creation

The aim of this paper is to assess the evolution of the Franco-German alliance and the likely directions in its development. In particular, the question of whether the two countries' close relationship would survive the current economic and political obstacles is addressed. Emphasis is, placed on the way the alliance facilitated the creation of European Monetary Union. Therefore, the signing of the Treaty of Rome, the establishment of the European Monetary System, the creation of the Single European Act and the Maastricht Treaty are evaluated within this perspective. An underlying assumption throughout the analysis is that the prospects of the alliance and EMU will proceed in tandem. If the alliance continues to evolve successfully then the process of European economic integration will also progress, whereas if the two countries relations increasingly attenuate then the process of economic integration would at best stagnate. The main conclusion is that, following the Eurozone debt crisis the Franco-German alliance has been, replaced by "German Hegemony". This has rendered the main driving force of the European Union ineffective and as such has undermined the evolution of its institutions.

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