The process of european monetary integration: a comparison of the belgian and italian approaches

This paper analyses the roles which Belgium and Italy have played in the process of European monetary integration. It focusses on Belgian and Italian attitudes towards European integration and EMU, exchange rate policies, key concepts of the EMU strategies and concrete contributions. Overall, Belgi...

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Bibliographic Details
Main Authors: Ivo Maes, Lucia Quaglia
Format: Article
Language:English
Published: Associazione Economia civile 2012-04-01
Series:PSL Quarterly Review
Subjects:
Online Access:https://rosa.uniroma1.it/rosa04/psl_quarterly_review/article/view/9817
Description
Summary:This paper analyses the roles which Belgium and Italy have played in the process of European monetary integration. It focusses on Belgian and Italian attitudes towards European integration and EMU, exchange rate policies, key concepts of the EMU strategies and concrete contributions. Overall, Belgium and Italy played an important and pace-setting role in the process of European monetary integration. The main difference is that Belgium has been a constant and consistent "pace-setter" in monetary matters, whereas Italy was mainly active in the 1980s. Furthermore, the paper shows how important it was for a country to achieve a sound economic performance, especially a stable exchange rate, in order to have influence on the European monetary scene.   JEL Codes: F31, F36  
ISSN:2037-3635
2037-3643