Titlebook: European Monetary Integration; EMS Developments and Paul J. J. Welfens Book 19942nd edition Springer-Verlag Berlin · Heidelberg 1994 Europa

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isfor relatively stable exchangerates and increasing EC trade volumes. Reduced capitalcontrols and rising capital mobility as well as Germanunification caused shifts and shocks which underminedEMSstability in a critical period - the transition to EMU inaccordwith the Maastricht Treaty which called f

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https://doi.org/10.1007/978-3-031-23562-7 for monetary integration in Europe date back to the year 1970 when the former Prime Minister of Luxembourg Werner presented his plan for an EMU. In 1989 the Delors-Committee launched new efforts in this direction and outlined a plan for the realization of the EMU in three stages.

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https://doi.org/10.1007/978-3-030-89522-8 the internal market. It emphasizes the efforts towards the liberalization of capital movements and towards the creation of a new regulatory order for the community-wide supply of financial services as the two basic forces driving the process of financial market integration in the EC.

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The European Monetary System and European Integration: An Evaluation, proposed European Central Bank. These movements, while continuing the trans-national European policies that began with the Treaty of Rome in 1957, represent significant new steps down the path towards European integration.

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