000			01798naa a2200181uu 4500
001			0063014324737
003			OSt
005			20190211173224.0
008			100630s1996 xx ||||gr |0|| 0 eng d
100	1		_aSANDHOLTZ, Wayne _941391
245	1	0	_aMoney troubles : _bEurope's rough road to monetary union
260			_aLondon : _bRoutledge, _cMarch 1996
520	3		_aThe turmoil that engulfed the European monetary system in 1992 and 1993 extinguished the sense of inevitability that the project for economic and monetary union had acquired. The exchange rate crisis led many to conclude that monetary union had been derailed once and for all. This article argues, in contrast, that the monetary crisis did not prove that monetary union was undesired or unworkable. The travails of the exchange rate mechanism did not undo the interests that originally drove the economic and monetary union project or erase the gains it would bring to some member states. The crisis did, however, highlight the formidable obstacles to achieving monetary union in Europe. The article examines four interpretations of the 1992-3 crisis in the European monetary system, focusing especially on the failure to agree on a co-ordinated realignment that might have avoided the turmoil. It then discusses the future course of monetary union in light of the contending (though not mutually exclusive) interpretations of the crisis. Finally, it discusses the basic outlines of an economic and monetary union that might avoid some of the problems brought into relief by the exchange rate turmoil.
773	0	8	_tJournal of European Public Policy _g3, 1, p. 84-101 _dLondon : Routledge, March 1996 _xISSN 13501763 _w
942			_cS
998			_a20100630 _b1432^b _cDaiane
998			_a20100706 _b1100^b _cCarolina
999			_aConvertido do Formato PHL _bPHL2MARC21 1.1 _c34761 _d34761
041			_aeng