@article{ART001054712,
author={Patrick M. Crowley},
title={Is there a Logical Integration Sequence After EMU?},
journal={Journal of Economic Integration},
issn={1225-651X},
year={2006},
volume={21},
number={1},
pages={1-20}
}

TY - JOUR
AU - Patrick M. Crowley
TI - Is there a Logical Integration Sequence After EMU?
T2 - Journal of Economic Integration
JO - Journal of Economic Integration
PY - 2006
VL - 21
IS - 1
PB - 경제통합연구소
SP - 1
EP - 20
SN - 1225-651X
AB - In this paper the Balassa steps of economic integration are first reviewed, andthen extended to cover curernt integration configurations. Pre-conditions foreach stage of integration are detailed using a backward-looking economicconditionality approach, and then both economic and political spillover effects areanalysed within a forward-looking approach so as to evaluate the sequencing ofsteps of integration. The European Union (EU) is currently the most advancedfrom of regional integration, so the template is then applied to the EU. The mainfindings are that fiscal union does not need to occur directly after Economic andMonetary Union (EMU), but rather a dynamic that attains political union first andthen attains fiscal union might be preferable, dependent on whether EMU formsan optimal currency area or not.JEL classifications: F10, F15, F30, F42
KW - Process of integration, Europe, Economic integration, Monetaryintegration I. IntroductionNow that European Economic and Monetary Union (EMU) is in operation, policy-makers have been starting to question and propose measures that would furtherintegra
DO -
UR -
ER -

Patrick M. Crowley. 2006, "Is there a Logical Integration Sequence After EMU?", Journal of Economic Integration, vol.21, no.1 pp.1-20.

Patrick M. Crowley "Is there a Logical Integration Sequence After EMU?" Journal of Economic Integration 21.1 pp.1-20 (2006) : 1.

Patrick M. Crowley. Is there a Logical Integration Sequence After EMU?. 2006; 21(1), 1-20.

Patrick M. Crowley. "Is there a Logical Integration Sequence After EMU?" Journal of Economic Integration 21, no.1 (2006) : 1-20.

Patrick M. Crowley. Is there a Logical Integration Sequence After EMU?. Journal of Economic Integration, 21(1), 1-20.

Patrick M. Crowley. Is there a Logical Integration Sequence After EMU?. Journal of Economic Integration. 2006; 21(1) 1-20.

Patrick M. Crowley. Is there a Logical Integration Sequence After EMU?. 2006; 21(1), 1-20.

Patrick M. Crowley. "Is there a Logical Integration Sequence After EMU?" Journal of Economic Integration 21, no.1 (2006) : 1-20.