The Maastricht Treaty provided the blueprint for achieving Economic and Monetary Union (EMU) as a further stage in the process of political and economic integration of the European Union (EU). In order to qualify to participate in EMU, Member States were required to achieve a high degree of...

In a little over one year, Economic and Monetary Union (EMU) will enter its third and final phase. As the date of 1st January 1999 approaches, the debate over European monetary unification is accelerating. The time has come, therefore, to shift our attention from the legal and technical issues...

In a little over one year, Economic and Monetary Union (EMU) will enter its third and final phase. As the date of 1st January 1999 approaches, the debate over European monetary unification is accelerating. The purpose of the present paper is to review and assess the recent debate. This review is...