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Article: The United States as a monetary union and the euro: a historical perspective.
- Article from:
- The Cato Journal
- Article date:
- March 22, 2004
- Author:
CopyrightCOPYRIGHT 2004 Cato Institute. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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The creation of the euro in January 1999 was a milestone in monetary history. One currency supplanted the centuries old currencies of 12 sovereign nations, and the European Central Bank began conducting monetary policy for the new European Monetary Union. Moreover, major legal hurdles to the free movement of goods, financial instruments, and labor have been removed along with some steps taken toward fiscal harmonization. These are preliminaries for the formation of an integrated European Union economy. Finally, economic and monetary integration is also a key component of political integration. The ultimate aim is a United States of Europe.
Despite all these ...
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Transcript: EUROPEAN MONETARY UNION:C. RANDALL HENNING
Congressional Testimony;
April 28, 1998 ;
700+ words
... ... 0000 Europe's Monetary Union, the United States and International ... the interest of the United States. Monetary union will equip the European ... international economy. The United States and the monetary union, along with Japan ...
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