European Economic and Monetary Union: History, Trends, and Prospects

Abstract

This paper analyses in depth the law of European Economic and Monetary Union, as well as its history, trends and prospects. It is divided into seven sections. Section 1 is the introduction; it deals with the history of monetary union in Europe and outlines some basic concepts. Section 2 considers the conditions for the adoption of the euro. Section 3 deals with economic union/economic policy coordination. Section 4 examines the European System of Central Banks and the European Central Bank. Section 5 deals with the law of the euro. Section 6 deals with the external relations of the euro. Section 7 presents some concluding observations and recommendations, as well as a brief update of recent developments.