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- W4250999147 abstract "As with Iglesías (June/July 1999), Bainbridge and Teasdale touch on one particular 1990s’ development which is indicative of the general European trend: The provisions governing [Economic and Monetary Union (EMU)] were added to the Treaty of Rome by the Maastricht Treaty. They set up a number of new institutions and specify the stages by which EMU is to be achieved, by 1999 at the latest […]. A reference to EMU was added to Article 2 EEC by the Maastricht Treaty, and Article 32 EEC refers to ‘the irrevocable fixing of exchange rates leading to the introduction of a single currency […]’ […]. As well as a single currency the [final] stage [of EMU] entails the creation of a European System of Central Banks (ESCB), composed of the [European Central Bank (ECB)] and representatives of the [Member States’] central banks […]. Most important […]. EMU raises issues of sovereignty. EMU entails the transfer of powers hitherto exercised exclusively by [nation-state] governments to an independent ECB, including the right to authorize issues of currency. (Bainbridge and Teasdale, 1996, pp. 123–5)" @default.
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- W4250999147 date "2000-01-01" @default.
- W4250999147 modified "2023-10-14" @default.
- W4250999147 title "Political Economy" @default.
- W4250999147 doi "https://doi.org/10.1057/9780230509061_4" @default.
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