Can the European Union Force its Member States to Introduce the Euro?

Language: English

Published by Nomos Sep 2019, 2019

3848760584 / 9783848760589

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Neuware - In this study, the author addresses the intriguing, topical but little-studied question of whether the (old and new) EU Member States should, upon accession to the EU, be obliged to introduce the euro. To begin with, he examines-while deliberately ignoring the problematic exchange rate convergence criterion-whether introducing the euro should in principle be obligatory. After having answered this question in the affirmative, he takes a closer look at the exchange rate convergence criterion. He concludes that a country's formal participation in the ERM II is a necessary but insufficient requirement for that country to meet the exchange rate convergence criterion. However, since ERM II membership is, for its part, voluntary, this also makes a country's decision to introduce the euro completely voluntary. Accordingly, a Member State like Sweden is entitled to simply circumvent introducing the euro by simply refraining from participating in the ERM II. The author continuously refers to how different groups of Member States have been treated in the past with regard to them introducing the euro.…

Seller Inventory # 9783848760589

Title
Can the European Union Force its Member States to Introduce the Euro?
Author
Markus D. W. Stoffels
Publisher
Nomos Sep 2019
Publication year
2019
Condition
Neu
Binding
Taschenbuch
Language
English
ISBN 10
3848760584
ISBN 13
9783848760589
Item weight
160 grams
Dimensions
229x152x6 mm

AHA-BUCH GmbH

Einbeck, Germany

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