European Monetary Union

Provides an analysis of the classical gold standard (1880-1914) - the nearest historical equivalent to what EC countries are attempting to do - in order to examine critically these and other issues raised in the debate. Problems are highlighted that need to be solved before EMU becomes viable.

Inhalt
The classical gold standard - its origins, rules and domain; how the classical gold standard did not work; the secret of the gold standard's durability and success; lessons from the gold standard experience; postscript - a comparison of EC and gold standard countries.