The political economy of european monetary integration
Article originally published in Banca Nazionale del Lavoro Quarterly Review, vol. 42 n. 172, March 1990, pp. 3-20. Text of the speech of the 1989 Einaudi lecture. The launch of the EMS, far from being the result of deep economic thinking, was the somewhat unexpected outcome of political initiative....
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| Format: | Article |
| Language: | English |
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Associazione Economia civile
2013-09-01
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| Series: | PSL Quarterly Review |
| Subjects: | |
| Online Access: | https://rosa.uniroma1.it/rosa04/psl_quarterly_review/article/view/10485 |
| _version_ | 1811172344550391808 |
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| author | Luigi Spaventa |
| author_facet | Luigi Spaventa |
| author_sort | Luigi Spaventa |
| collection | DOAJ |
| description |
Article originally published in Banca Nazionale del Lavoro Quarterly Review, vol. 42 n. 172, March 1990, pp. 3-20. Text of the speech of the 1989 Einaudi lecture. The launch of the EMS, far from being the result of deep economic thinking, was the somewhat unexpected outcome of political initiative. The rather casual economic debate that took place at the time is appraised by examining some problems that were at the centre of the negotiations in 1978. Some economic and technical arguments used in the debate were either correct, but missing the political point, or irrelevant. On the other hand, when the EMS belatedly started in March 1979, much of the political glamour had gone. Ten years of EMS have witnessed a subtler and more interesting form of interaction between politics and economics.
JEL Codes: D72, F55, N14
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| first_indexed | 2024-04-10T17:28:26Z |
| format | Article |
| id | doaj.art-b5058a5b121c4414b9070b5926105377 |
| institution | Directory Open Access Journal |
| issn | 2037-3635 2037-3643 |
| language | English |
| last_indexed | 2024-04-10T17:28:26Z |
| publishDate | 2013-09-01 |
| publisher | Associazione Economia civile |
| record_format | Article |
| series | PSL Quarterly Review |
| spelling | doaj.art-b5058a5b121c4414b9070b59261053772023-02-03T16:51:31ZengAssociazione Economia civilePSL Quarterly Review2037-36352037-36432013-09-016626610.13133/2037-3643/10485The political economy of european monetary integrationLuigi Spaventa Article originally published in Banca Nazionale del Lavoro Quarterly Review, vol. 42 n. 172, March 1990, pp. 3-20. Text of the speech of the 1989 Einaudi lecture. The launch of the EMS, far from being the result of deep economic thinking, was the somewhat unexpected outcome of political initiative. The rather casual economic debate that took place at the time is appraised by examining some problems that were at the centre of the negotiations in 1978. Some economic and technical arguments used in the debate were either correct, but missing the political point, or irrelevant. On the other hand, when the EMS belatedly started in March 1979, much of the political glamour had gone. Ten years of EMS have witnessed a subtler and more interesting form of interaction between politics and economics. JEL Codes: D72, F55, N14 https://rosa.uniroma1.it/rosa04/psl_quarterly_review/article/view/10485European Monetary Unioneuropolitical economy |
| spellingShingle | Luigi Spaventa The political economy of european monetary integration PSL Quarterly Review European Monetary Union euro political economy |
| title | The political economy of european monetary integration |
| title_full | The political economy of european monetary integration |
| title_fullStr | The political economy of european monetary integration |
| title_full_unstemmed | The political economy of european monetary integration |
| title_short | The political economy of european monetary integration |
| title_sort | political economy of european monetary integration |
| topic | European Monetary Union euro political economy |
| url | https://rosa.uniroma1.it/rosa04/psl_quarterly_review/article/view/10485 |
| work_keys_str_mv | AT luigispaventa thepoliticaleconomyofeuropeanmonetaryintegration AT luigispaventa politicaleconomyofeuropeanmonetaryintegration |