TY  - BOOK
AU  - Portes, Richard
TI  - Monetary union in motion : the European experience
PY  - 2001///
N2  - Reviews 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
ER  -