Volume 10, 1999
Proceedings of the Tenth Annual Meeting
The euro: from political will to monetary realism
The author analyses the process which has led to implementation of the euro, the single European currency. He highlights the possibility of reversibility if the convergence conditions are not respected. The practical problems of the euro are highlighted together with the risk of the system imploding. The role of the euro, as an international currency, parallel to that of the dollar, is examined.