Monetary Issues in the European Story: 1948-1978
The European monetary story, from the end of World War II to the implementation of the European Monetary System and the ECU, is identified with the paradox that the member states of the EEC wanted greater economic union while resisting sovereignty transfer in the monetary field. The imbalances cause...
| Main Authors: | , |
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| Format: | Article |
| Language: | Catalan |
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Universidad de Alicante
2019-12-01
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| Series: | Pasado y Memoria |
| Subjects: | |
| Online Access: | https://pasadoymemoria.ua.es/article/view/2019-n19-los-aspectos-monetarios-en-el-relato-de-europa-1948-1978 |
| _version_ | 1818723638312960000 |
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| author | Sara González Fernández Juan Mascareñas Pérez-Iñigo |
| author_facet | Sara González Fernández Juan Mascareñas Pérez-Iñigo |
| author_sort | Sara González Fernández |
| collection | DOAJ |
| description | The European monetary story, from the end of World War II to the implementation of the European Monetary System and the ECU, is identified with the paradox that the member states of the EEC wanted greater economic union while resisting sovereignty transfer in the monetary field. The imbalances caused by this paradox endangered the viability of the European project. In order to confront them, the private sector promoted the creation and use of ‘basket currency’, such as the European Monetary Unit or the ‘Eurco’ which, at the same time, served to point out to politicians the need for a single European currency. All this took place in an international context where the dollar and its problems were transferred to the currencies of the EEC states, making it quite difficult to maintain some balance in the value of intra-community trade, which implied continuous monetary crises. |
| first_indexed | 2024-12-17T21:13:42Z |
| format | Article |
| id | doaj.art-181650ec5429450bb08d4be3048dcacd |
| institution | Directory Open Access Journal |
| issn | 1579-3311 2386-4745 |
| language | Catalan |
| last_indexed | 2024-12-17T21:13:42Z |
| publishDate | 2019-12-01 |
| publisher | Universidad de Alicante |
| record_format | Article |
| series | Pasado y Memoria |
| spelling | doaj.art-181650ec5429450bb08d4be3048dcacd2022-12-21T21:32:23ZcatUniversidad de AlicantePasado y Memoria1579-33112386-47452019-12-0101920522210.14198/PASADO2019.19.0811870Monetary Issues in the European Story: 1948-1978Sara González Fernández0Juan Mascareñas Pérez-Iñigo1Universidad Complutense de MadridUniversidad Complutense de MadridThe European monetary story, from the end of World War II to the implementation of the European Monetary System and the ECU, is identified with the paradox that the member states of the EEC wanted greater economic union while resisting sovereignty transfer in the monetary field. The imbalances caused by this paradox endangered the viability of the European project. In order to confront them, the private sector promoted the creation and use of ‘basket currency’, such as the European Monetary Unit or the ‘Eurco’ which, at the same time, served to point out to politicians the need for a single European currency. All this took place in an international context where the dollar and its problems were transferred to the currencies of the EEC states, making it quite difficult to maintain some balance in the value of intra-community trade, which implied continuous monetary crises.https://pasadoymemoria.ua.es/article/view/2019-n19-los-aspectos-monetarios-en-el-relato-de-europa-1948-1978eurcosistema monetario europeomonedas-cestatriffinwerner |
| spellingShingle | Sara González Fernández Juan Mascareñas Pérez-Iñigo Monetary Issues in the European Story: 1948-1978 Pasado y Memoria eurco sistema monetario europeo monedas-cesta triffin werner |
| title | Monetary Issues in the European Story: 1948-1978 |
| title_full | Monetary Issues in the European Story: 1948-1978 |
| title_fullStr | Monetary Issues in the European Story: 1948-1978 |
| title_full_unstemmed | Monetary Issues in the European Story: 1948-1978 |
| title_short | Monetary Issues in the European Story: 1948-1978 |
| title_sort | monetary issues in the european story 1948 1978 |
| topic | eurco sistema monetario europeo monedas-cesta triffin werner |
| url | https://pasadoymemoria.ua.es/article/view/2019-n19-los-aspectos-monetarios-en-el-relato-de-europa-1948-1978 |
| work_keys_str_mv | AT saragonzalezfernandez monetaryissuesintheeuropeanstory19481978 AT juanmascarenasperezinigo monetaryissuesintheeuropeanstory19481978 |