Economics, Econometrics and Finance
a year ago

European Economic Union Paves the Way for Political Unity

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Oxford University Press eBooks
The Changing European Context of Economic and Monetary Union: ‘Deepening’, ‘Widening’, and Stability
Gaby Umbach, Wolfgang Wessels

Paper Summary

The European Union created the Economic and Monetary Union (EMU) to deepen integration and move towards political unity. This project aimed to establish supranational monetary policymaking. The EMU followed the Monnet method, which involves gradual steps towards closer union among European peoples.

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