00806nam a2200085Ia 4500100002000000245005500020260000900075520061600084583002000700  aPortes, Richard  aMonetary union in motion : the European experience  c2001  aReviews the development of the European Union and the motivations that led it to European Monetary Union (EMU).  Defines monetary union as a monetary constutition for a supranational monetary system and describes the characteristics of the European Central Bank (ECB).  Underscores the propable implication of EMU according to how it is managed, and examines the link ( in a monetary union) between fiscal policy and the need to coordinate fiscal consolidation.  Presents a list of the economic and political problems facing the ECB  and EMU,  and argues that the most serious difficulties are mainly political.  c10/29/01kJOY_D