Monetary Unions and the Problem of Sovereignty

Datos Bibliográficos

ID9750083
AutoresRobert A Mundell (Columbia University, autor de correspondencia)
Año2002
Volumen579
Número1
Páginas123-152
Fecha de publicación2002-01-01
Peer ReviewedSí
Open AccessSí
TipoARTICLE
RevistaThe Annals of the American Academy of Political and Social Science (JOURNAL)
Identificadores de la revistaISSN: 0002-7162 • E-ISSN: 1552-3349
EditorialSAGE Publications (PUBLISHER • US)
DOI10.1177/0002716202579001009
OpenAlexW4243011780
IdiomaEN
Citas recibidas10
Referencias citadas7

Different types of monetary sovereignty are issues in exchange rate agreements monetary unions. Policy sovereignty refers to independence in making exchange rate and monetary policy, legal sovereignty to a country's ability to make its own laws with respect to the unit of contract and medium of exchange. This article traces the history of the concepts and their applications in the history of political philosophy and monetary policies. The first section relates the concepts of legal and policy sovereignty as they emerged in Roman law into the Europe of the Middle Ages and Renaissance. The second part discusses the implication of the sovereignty issue for choice along the road to the European Monetary Union

Economics · Exchange rate · Independence (probability theory · Keynesian economics · Law and economics · Monetary economics · Monetary hegemony · Monetary policy · Political economy · Political science · Politics · Sovereignty · The Renaissance · European Monetary and Fiscal Policies · Global Financial Crisis and Policies · Global Financial Regulation and Crises · History · Law · Political Theory and Influence · Seventeenth-Century Political and Philosophical Thought