Munich Personal RePEc Archive

Maastricht and Monetary Cooperation

Kirrane, Chris (1996): Maastricht and Monetary Cooperation. Published in: European Economic Integration Review , Vol. 14, (January 1996): pp. 49-59.

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Abstract

This paper describes the opportunities and also the difficulties of EMU with regard to international monetary cooperation. Even though the institutional and intellectual assistance to the coordination of monetary policy in the EU will probably be strengthened with the EMU, among the shortcomings of the Maastricht Treaty concerns the relationship between the founder members and those countries who wish to remain outside monetary union. Even though remedies exist, this problem is currently the main threat to monetary cohesion in Europe and also wider economic and political integration. The institutional and intellectual support for monetary cooperation in the G7 is insufficient. The transition to the third stage of EMU will accentuate this particular deficiency

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