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2017 | OriginalPaper | Buchkapitel

European Monetary Integration and the EU–UK Relationship

verfasst von : Corrado Macchiarelli

Erschienen in: The Economics of UK-EU Relations

Verlag: Springer International Publishing

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Abstract

The history of European integration has been characterized by several “stops-and-goes” with considerable support on political grounds. In this chapter, we discuss the role of European integration for the future of the EU–UK relations. Integration, consistent with the idea of “completing” the European Monetary Union (hence, a “Genuine Economic and Monetary Union”—GEMU), will have the obvious consequence of affecting the UK as well and the future of its negotiations with the EU. Provided that European integration worked in the past, the net benefits of staying out of the EU ex ante may be different from the same benefits ex post, particularly in the likely scenario the Union will have to “comprehensively” move towards a GEMU to safeguard its integrity.

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Vorheriges Kapitel How Does European Integration Work? Lessons from Revisiting the British Relative Economic Decline
Nächstes Kapitel The UK Financial Sector and EU Integration After Brexit: The Issue of Passporting
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Metadaten
Titel
European Monetary Integration and the EU–UK Relationship
verfasst von
Corrado Macchiarelli
Copyright-Jahr
2017
Buch
The Economics of UK-EU Relations

Print ISBN: 978-3-319-55494-5

Electronic ISBN: 978-3-319-55495-2

Copyright-Jahr: 2017

DOI
https://doi.org/10.1007/978-3-319-55495-2_4