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http://hdl.handle.net/10419/48044
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| Title: | | Experience with historical monetary unions  |
| Authors: | | Krämer, Hans R. |
| Issue Date: | | 1970 |
| Series/Report no.: | | Kieler Diskussionsbeiträge 5 |
| Abstract: | | Monetary unions of the past had a better chance of success if economic policies of the participating states were in harmony. Example: The Scandinavian Monetary Union in contrast to the Latin Monetary Union. 0 Since harmony of economic policies could not be maintained under political stress (in the First World War), even the Scandinavian Union failed. .1 0 The only cases where monetary unions have survived up toQiow are those of general political, economic, and monetary unification: Switzerland, Italy and Germany. In monetary matters, the centralizing of decisions has been a minimum requirement for the success of a union. 0 No historical monetary union has brought about political unification. It has always been the other way round. |
| Document Type: | | Working Paper |
| Appears in Collections: | | Publikationen von Forscherinnen und Forschern des IfW Kieler Diskussionsbeiträge, IfW
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