The European Union between the Monetary 'Snake' and the Common Currency

REVISTA ECONOMICĂ Supliment Nr. 3 - 2009

404 Pages Posted: 18 Feb 2014

See all articles by Liviu Andrei

Liviu Andrei

National School for Political Sciences and Public Administration

Dalina Andrei

Romanian Academy - Institute for Economic Forecasting

Date Written: February 17, 2014

Abstract

The European economic integration started in the aftermath of the World War II, but its specific monetary story just since 1971. The European Community here made history by her performing, as real lessons of the monetary topic area, but despite this the whole history of money world-wide is much longer than that. The aspect emphasized and developed in this paper will be, however, the one that the "Monetary Snake" (1971), European Monetary System (EMS/1979) and even the current Euro currency seem to have resulted from a deep monetary crisis world-wide. Not being "euro-skeptical", we conclude that all these could be missed in exchange of a plus of welfare.

Keywords: monetary history, economic integration, monetary Snake

JEL Classification: E42, E50, N14

Suggested Citation

Andrei, Liviu and Andrei, Dalina, The European Union between the Monetary 'Snake' and the Common Currency (February 17, 2014). REVISTA ECONOMICĂ Supliment Nr. 3 - 2009, Available at SSRN: https://ssrn.com/abstract=2397429

Liviu Andrei (Contact Author)

National School for Political Sciences and Public Administration ( email )

Povernei Street, 6, Sector 1
Bucharest
Romania

Dalina Andrei

Romanian Academy - Institute for Economic Forecasting ( email )

050711, Bucureşti
Romania

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