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Palgrave Macmillan

The Road to European Monetary Union

  • Book
  • © 1999

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Authors:
  1. André Szász

    1. Dutch Central Bank, The Netherlands

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Table of contents (22 chapters)

  1. Front Matter

    Pages i-xiii
    Download chapter PDF

  2. The Political Background to European Integration

    • André Szász
    Pages 1-6

  3. The Rome Treaty (1958) and the Barre Plans (1968–9)

    • André Szász
    Pages 7-14

  4. Economic and Monetary Union: The Hague Summit of 1969

    • André Szász
    Pages 15-29

  5. The Werner Report (1970)

    • André Szász
    Pages 30-35

  6. The Snake (1972–8)

    • André Szász
    Pages 36-45

  7. The European Monetary Cooperation Fund

    • André Szász
    Pages 46-50

  8. The Making of the European Monetary System (1978)

    • André Szász
    Pages 51-65

  9. The Working of the European Monetary System in the Period 1979–87

    • André Szász
    Pages 66-75

  10. Promoting the ECU

    • André Szász
    Pages 76-84

  11. The Single European Act (1985–6)

    • André Szász
    Pages 85-97

  12. French-German Tussle: Monetary Union Revived (1987–8)

    • André Szász
    Pages 98-109

  13. The Delors Report

    • André Szász
    Pages 110-119

  14. British Opposition

    • André Szász
    Pages 120-129

  15. The Madrid Summit (June 1989) and its Follow-up

    • André Szász
    Pages 130-136

  16. German Unification (1989–90)

    • André Szász
    Pages 137-146

  17. Monetary Union

    • André Szász
    Pages 147-153

  18. Economic Union

    • André Szász
    Pages 154-164

  19. Ratification (1992–3)

    • André Szász
    Pages 165-171

  20. Black September (1992)

    • André Szász
    Pages 172-184
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Keywords

About this book

This book explains the political background and describes the decision-making leading to European Monetary Union, as seen by a former central banker who participated in the process during more than two decades. Political rather than economic considerations were decisive in establishing EMU. French-German relations in particular form a thread that runs through the book, notably French efforts to replace German monetary domination by a form of decision-making France can influence. Thus, the issues involved are issues of power, though often presented in technical terms of economics.

Reviews

'If there were any doubt that monetary union is only the first step towards political union, Andre Szasz buries it with his fascinating account...A former Executive Director of the Dutch Central Bank intimately involved in European monetary affairs for thirty years, he does not display any of the emotion that characterizes both sides of the debate in Britain, and his book is all the more welcome for that. He tells a story of postwar European politics that is remarkable for its consistency.' - Janet Bush, Times Litetary Supplement

Authors and Affiliations

  • Dutch Central Bank, The Netherlands

    André Szász

About the author

ANDRÉ SZASZ has been involved in European economic integration for all of his professional life. He was born in Indonesia in 1932. He studied economics at the University of Amsterdam. In 1960 he joined the Nederlandsche Bank (the Dutch Central Bank) as an economist. From 1973 until July 1994 he was a member of the Executive Board, responsible in particular for international monetary affairs. During this period he was a member of the Monetary Committee of the European Community, as well as the Deputy for the Dutch Central Bank Governor in the Committee of Governors of the EC. Since 1990 Dr. Szász has been an extraordinary Professor for European Studies at the University of Amsterdam. He is a member of two advisory committees to the Dutch Government on European integration, and a non-executive director of two financial institutions.

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